News Now
Who’s on Medicaid Might Surprise You
Headline: Who’s on Medicaid Might Surprise You: Medicaid provides health insurance for one in five Americans, but it could be cut as part of healthcare reform
Publication: Consumer Reports
Article Date: June 21, 2017
“Those who benefit from this $545-billion-a-year program are not so easily typecast. More than 70 million Americans, or 1 in 5, use this government program. And they come from all walks of life—including people you know.” Read article…
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…