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Public Servants Are Losing Their Foothold in the Middle Class
Headline: Public Servants Are Losing Their Foothold in the Middle Class
Publication: New York Times
Article Date: Apr 22, 2018
In recent years, the ranks of state and local public employees has dwindled, even as the populations they serve have grown. And those who remain are finding themselves financially downgraded. “Whether one views a diminished public sector as vital to economic growth or a threat to health and safety, it is undeniable that it has led to a significant decline in middle-class employment opportunities.” Read article…
Calpers Rejects Plea to Divest From Carmakers Over Emissions
Headline: Calpers Rejects Plea to Divest From Carmakers Over Emissions
Publication: Bloomberg
Article Date: Apr 26, 2018
“The California Public Employees’ Retirement System opposes plans by the Trump administration to relax vehicle emissions standards. But don’t expect Calpers to exert its muscle by dumping shares of car makers.” Read article…
Survey: Pension Benefits Are Critical Factor for Workers – Regardless of Age
Headline: Pension Benefits Are Critical Factor for Workers – Regardless of Age – in Deciding Whether to Accept a Job, Accenture Survey Finds
Publication: Business Wire
Article Date: Apr 19, 2018
“Pension benefits are a major factor for most workers in North America when deciding whether to accept a job, according to results of a recently released survey. The research found that millennial workers are the most interested in pension benefits and also identified a strong but under-served demand for retirement coaching and planning tools through digital channels.” Read article…
Op Ed: America’s public pensions matter
Headline: America’s public pensions matter
Publication: The Hill
Article Date: Apr 25, 2018
Subjective commentary by RESDC Executive Director Mark Nanzer:
Excellent Op-Ed penned by Andrew Collier, communications director for the National Public Pension Coalition. He does a nice job of advocating for a shift in the media’s tendency to focus on “Cadillac Pensioners,” to highlighting what the average person receiving a public pension earns. Read Op-Ed…
New Study: Public Pension Cuts Hurt State and Local Governments’ Ability to Recruit Workers
Headline: New Analysis Suggests Public Pension Cuts Hurt State and Local Governments’ Ability to Recruit Workers
Publication: PR Newswire
Article Date: Apr 11, 2018
“A new research brief that explores the impacts of public pension reform from 2005 to 2014 suggests that cuts to pension benefits have reduced the ability of public sector employers to compete with private sector employers for workers.” Read article…