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CalPERS pension or a 401(k)? State workers could choose under Democrat’s bill
Headline: CalPERS pension or a 401(k)? State workers could choose under Democrat’s bill
Publication: Sacramento Bee
Article Date: Feb 15, 2018
While a long shot to pass, under a bill submitted by a Senate Democrat, new state workers would have a choice about whether they want to join CalPERs. Read article…
Commentary | Why Supreme Court union dues case critical to future health of California
Headline: Why Supreme Court case critical to future health of California
Publication: San Diego Union-Tribune
Article Date: Feb 22, 2018
Subjective Commentary on Article by RESDC Executive Director, Mark Nanzer:
The nation’s powerful public employee unions stand to lose membership, money and political muscle at the hands of the Supreme Court this year. This commentary by California Attorney General Xavier Becerra reminds us of the important role strong and effective unions play in supporting public employees nationwide. Read article…
U.S. corporate pension funding ratios surge to 4-year high in January – 3 reports
Headline: U.S. corporate pension funding ratios surge to 4-year high in January – 3 reports
Publication: Pensions & Investments
Article Date: Feb 7, 2018
U.S. corporate pension funding ratios rose to an average of 88% in January, according to reports. This increase was due to both an uptick in discount rates and positive equity markets. Read article…
California joins US Supreme Court case supporting public employee union fees
Headline: California joins US Supreme Court case supporting public employee union fees
Publication: Legal Newsline
Article Date: Jan 29, 2018
“California Attorney General Xavier Becerra announced Jan. 19 that he has filed a friend-of-the-court brief in a U.S. Supreme Court case about public employees paying fees for representation during collective bargaining.” Read article…
Capital Group, sponsor of American Funds, wins 401(k) lawsuit
Headline: Capital Group, sponsor of American Funds, wins 401(k) lawsuit
Publication: Pensions & Investments
Article Date: Jan 26, 2018
Capital Group, which sponsors the American Funds brand of investment products, has won a lawsuit alleging the company profited at the expense of its employees by loading its 401(k) plan with costly in-house funds. Read article…