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More workers are staying on the job past 65
Headline: More workers are staying on the job past 65
Publication: Boston Globe
Article Date: June 11, 2017
“As people live longer and remain healthier, many of them are staying in the workforce far beyond traditional retirement age.” Read article…
Big change coming to Social Security on-line accounts this weekend
Headline: Big change coming to Social Security accounts this weekend
Publication: AOL Finance
Article Date: June 12, 2017
“Beginning Saturday – June 10 – you’ll need to take an extra step to log into your account at SSA.gov, the Social Security Administration website.” Read article…
Gov. Brown suggests California make an advance payment to CalPERS pension system
Headline: Gov. Brown wants California to borrow from itself to fund employee pensions. Good idea
Publication: LA Times
Article Date: June 2, 2017
Governor Jerry Brown and Treasurer John Chiang are proposing to borrow $6 billion from the state’s Pooled Money Investment Account and spend it on an extra payment to the California Public Employees’ Retirement System (CalPERS) – that is, make an advance payment to CalPERS for pensions. The idea is that the one-time payment will save the state and localities billions over the next 30 years via reduced CalPERS contributions. Read article…
House considers federal pension, civil service reforms
Headline: House considers federal pension, civil service reforms
Publication: Pensions & Investments
Article Date: May 24, 2017
“Shifting the federal retirement system to defined contribution approaches from defined benefit were some ideas offered at a hearing Thursday by the House Government Operations Subcommittee, whose members are considering reforms to the federal employee system.” Read article…
Continuing Public Pension Reforms Could Hurt the Economy
Headline: Dismantling Public Pensions Could Blow $3 Trillion Hole in U.S. Personal Income over Next Decade, NCPERS Warns
Publication: Business Wire
Article Date: May 24, 2017
“A study by the National Conference on Public Employee Retirement Systems (NCPERS) projects that the nation’s economy will suffer severe setbacks by the year 2025 if the dismantling of Defined Benefit (DB) public sector pensions continues at its current pace.” Read article…