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State Supreme Court Rules Against San Diego Pension Reform
Headline: State Supreme Court Rules Against San Diego Pension Reform
Publication: KPBS
Article Date: Aug 2, 2018
“The state Supreme Court Thursday ruled that a San Diego citizens’ initiative that cut back city employee pensions was illegally placed on the ballot, and ordered an appeal court to consider a remedy.” Continue reading…
CalPERS beats earnings target for second consecutive year
Headline: CalPERS beats earnings target for second consecutive year
Publication: The Sacramento Bee
Article Date: July 12, 2018
“For the second year in a row, California’s main public pension fund beat its investment return forecast.” Read article…
How to make sense of the 2018 Social Security Trustees Report
Headline: How to make sense of the 2018 Social Security Trustees Report
Publication: Marketwatch
Article Date: June 16, 2018
“The 2018 Social Security Trustees Report, released [in June], shows that the program faces a 75-year deficit of 2.84 percent of taxable payrolls — virtually unchanged from last year’s projection of 2.83. The Old-Age, Survivors and Disability Insurance (OASDI) trust fund continues to be scheduled for exhaustion in 2034.” Read article…
Millennials on track for better retirement outcome – Empower Institute
Headline: Millennials on track for better retirement outcome – Empower Institute
Publication: Pensions & Investments
Article Date: July 11, 2018
“The youngest workers have a better chance of meeting retirement goals than older peers, according to research published Wednesday by the Empower Institute, the affiliated research arm of Empower Retirement.” Read article…
Supreme Court rules against public unions collecting fees from nonmembers
Headline: Supreme Court rules against public unions collecting fees from nonmembers
Publication: The Washington Post
Article Date: June 27, 2018
“Conservatives on the Supreme Court said Wednesday that it was unconstitutional to allow public employee unions to require collective bargaining fees from workers who choose not to join the union, a major blow for the U.S. labor movement.” Read article…