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County Approves $25 Million to Ease Affordable Housing Shortage
Headline: County Approves $25 Million to Ease Affordable Housing Shortage
Publication: County News Center
Article Date: June 20, 2017
“The County Board of Supervisors approved three initiatives designed to increase the number of affordable housing units and decrease the homeless population in the region.” Read article…
SDCERA takes notice of $60 million lawsuit against former adviser
Headline: County pension system takes notice of $60 million lawsuit against former adviser
Publication: UT San Diego
Article Date: June 14, 2017
SDCERA has decided to get involved in the case of a fired employee who claims the pension fund is owed $60 million by a former Texas investment adviser and his colleagues. What this means is SDCERA will intervene in the case, pursuing it to see whether the claims have merit. Read article…
Retirement Is a Bigger Crisis Than Health Care
Headline: Retirement Is a Bigger Crisis Than Health Care
Publication: US News and World Report
Article Date: May 24, 2017
“It doesn’t matter how much health care costs if you don’t have any retirement savings to begin with.” Read article…
Move to 401(k) plans is damaging to national retirement security
Headline: Move to 401(k) plans is damaging to national retirement security
Publication: The Hill
Article Date: June 12, 2017
Article Commentary by Mark Nanzer, RESDC Executive Director:
This opinion piece takes apart a recent article which claimed that the 401(k) is not responsible for killing retirement security for many Americans. The authors do a good job of providing data and facts which point to the reality that 401(k)’s are not as secure as one might think. Read article…
You’re Probably Going to Need Medicaid
Headline: You’re Probably Going to Need Medicaid
Publication: New York Times
Article Date: June 13, 2017
“Roughly one in three people now turning 65 will require nursing home care at some point during his or her life. Over three-quarters of long-stay nursing home residents will eventually be covered by Medicaid.” Read article…