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More San Diego Employees Are Quitting Since ‘Prop B’ Pension Reform
Headline: More San Diego Employees Are Quitting Since ‘Prop B’ Pension Reform
Publication: KPBS
Article Date: Aug 23, 2018
“San Diego city employees are quitting their jobs in higher numbers and after fewer years of employment, since voters passed the city’s landmark pension reform measure, Proposition B, in 2012.
“The findings from a recent city auditor’s report on human capital lent credence to arguments made by city employee unions that Proposition B carried a hidden cost to taxpayers. They said it has hurt San Diego’s ability to hire and keep qualified workers.” Continue reading…
Video: The Roadblock to Common Sense Pension Reform
Headline: The Roadblock to Common Sense Pension Reform (video)
Publication: Robert Reich
Article Date: Jul 31, 2018
“Millions of Americans don’t have access to a retirement program through their employer. Worse yet, the financial industry is trying to kill plans offered by state governments. This video explains how Wall Street and their lackeys in Congress are blocking pension reform.” Watch video on YouTube…
My Turn: The other side of the pension debate
Headline: My Turn: The other side of the pension debate
Publication: Calmatters.org
Article Date: Aug 8, 2018
Dave Low, chairman of Californians for Retirement Security, provides a fact-based argument to point out the economic value public pensions provide in response to public pension critics. Read article…
Opinion: Depressed wages, pension cutbacks hurt black women
Headline: Opinion: Depressed wages, pension cutbacks hurt black women
Publication: Cincinnati.com
Article Date: Aug 7, 2018
This opinion piece asserts that pensions provide the ability to retire with security and dignity, and that attacks on public employee pensions especially hurt communities that are already facing depressed wages. Read article…
New Study Finds Bankruptcy Among Older Americans on the Rise
Headline: ‘Too Little Too Late’: Bankruptcy Booms Among Older Americans
Publication: The New York Times
Article Date: Aug 5, 2018
A new study from the Consumer Bankruptcy Project illuminates the scope of a growing problem: bankruptcy is on the rise for people 65 and older. Some of the drivers include vanishing pensions, soaring medical expenses, inadequate savings, and a three-decade shift of financial risk from government and employers to individuals. Read article…