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The alarming statistics that show the U.S. economy isn’t as good as it seems
Headline: The alarming statistics that show the U.S. economy isn’t as good as it seems
Publication: The Washington Post
Article Date: May 25, 2018
“The U.S. economy has a problem. The usual economic bench marks look really good: America in 2018 is enjoying faster growth, low unemployment, record numbers of job openings and a stock market near an all-time high. Yet an alarming number of Americans are still struggling to get by.” Read article…
Autopsy of a Retirement Plan – How adequate are defined-contribution faculty retirement plans?
Headline: Autopsy of a Retirement Plan
Publication: American Association of University Professors
Article Date: May 22, 2018
As he approaches age 65 and with thirty seven years as a university professor under his belt, the author breaks down what his retirement income would look like. He was surprised to find he does not have enough to allow he and his family to maintain the middle-class standard of living enjoyed during his work-life. He goes on to ask legitimate questions about his Defined Contribution plan and its shortcomings. Read article…
California Supreme Court Hears Arguments In Prop B Pension Case
Headline: California Supreme Court Hears Arguments In Prop B Pension Case
Publication: KPBS
Article Date: May 29, 2018
On Tuesday May 29, the California Supreme Court heard oral arguments in a case that could overturn San Diego city’s 2012 pension reform measure. City voters approved Proposition B, ending guaranteed pensions for all new city employees except police officers, and replacing the pensions with 401(k)-style retirement accounts. Unions representing city employees sued, arguing that then-Mayor Jerry Sanders was required to meet with unions over any changes to employee benefits. Read article…
The big myth about America’s pension crisis
Headline: The big myth about America’s pension crisis
Publication: CNN Money
Article Date: Apr 25, 2018
This article addresses misconceptions about the debate over the “so-called” pension crisis. Read article…
NCPERS Study Shows Public Pensions Are Net Contributors to Government Revenues
Headline: NCPERS Study Shows Public Pensions Are Net Contributors to Government Revenues
Publication: Business Wire
Article Date: May 16, 2018
“Public pension funds contributed a net $137.3 billion to state and local government coffers during 2016, underscoring their power to strengthen the U.S. economy, according to a new analysis by the National Conference on Public Employee Retirement Systems.” Read article…