News Now
Q & A: A Case Against Cuts to Public Pensions
Headline: A Case Against Cuts to Public Pensions
Publication: NY Times
Article Date: Mar 16, 2018
Dave Low is the chairman of Californians for Retirement Security, a coalition of public employee unions that was founded about 15 years ago to defend workers against calls for pension cuts. Dave is also a member of the Retirement Security Roundtable, a local coalition of local, state and federal retiree associations which is co-lead by RESDC.
The NY Times sat with Dave to discuss the role public employees play in addressing rising pension costs. Read article…
The San Diego County Administration Building is a magnificent historical site
Headline: The San Diego County Administration Building is a magnificent historical site
Publication: KPBS
Article Date: May 8, 2014
Elsa Sevilla’s “San Diego’s Historic Places” (on KPBS) featured a behind the scenes tour of the CAC, and for those of us who worked there, or just visited for meetings, it is a very interesting show. The Civic Center was officially dedicated on July 16, 1938 by President Roosevelt, five months prior to actual completion of the building, which was celebrated by opening ceremonies on December 23, 1938. Enjoy the video!
California Retirement Savings Program Now Called CalSavers
Headline: California Retirement Savings Program Now Called CalSavers
Publication: YubaNet
Article Date: Feb 23, 2018
Update on the formerly named “Secure Choice” state savings program authored by California State Treasurer John Chiang. Read article…
Think Income Inequality Is Bad? Retirement Inequality May Be Worse.
Headline: Think Income Inequality Is Bad? Retirement Inequality May Be Worse.
Publication: Governing
Article Date: Mar 1, 2018
This article points to a particularly bleak retirement savings outlook for those on the lower rungs of the income ladder. A steady shift away from guaranteed pensions to defined contribution savings plans has contributed to more savings inequality over the long term. Read article…
Select Congressional Committee Formed to Address Multiemployer Pension Plans
Headline: 1.5 Million Retirees Await Congressional Fix for a Pension Time Bomb
Publication: New York Times
Article Date: Feb 18, 2018
As part of the recent budget agreement in Congress, a select congressional committee was formed to craft a plan to help as many as 200 “multiemployer” pension plans. These plans are ones in which employers and labor unions have banded together to provide retirement benefits to employees. Some of these plans are facing challenges due to a combination of factors, including slow recovery from the 2008 financial crisis and fewer new workers entering certain industries such as coal. If Congress does not act to create a better safety net for these plans, many retirees with these plans could see their benefits reduced or eliminated – an outcome that’s both bad for the retirees and the economy. Read article…