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Alternative Fact: Americans Have Great Retirement Security
Headline: Alternative Fact: Americans Have Great Retirement Security
Publication: Huffington Post
Article Date: Apr 20, 2017
“Washington today is divided. One could say that many of our states are divided as well. With so many marquee issues on the line over the next few years — tax reform, healthcare, Social Security, Medicare — there is one topic both parties can agree on: Americans are not fully prepared for retirement.” Read article…
Board of Supervisors To Review Appointing New District Attorney
Headline: Process to Begin to Fill District Attorney Vacancy
Publication: County News Center
Article Date: Apr 20, 2017
“District Attorney Bonnie Dumanis announced her retirement after nearly 15 years in the position. Her last day on the job is July 7. Since the position of County District Attorney is an elected post and Dumanis is retiring before her term ends in January 2019, the Board of Supervisors must follow a specific appointment process outlined in County Board policy.” Read article…
Why 70 is the new 65 for retirement
Headline: Why 70 is the new 65 for retirement
Publication: CBS
Article Date: Apr 5, 2017
“Age 70 is becoming the new target retirement age in the U.S. Half of all workers age 60 and older plan to retire at age 70 or not at all, a recent survey by CareerBuilder found.” Read article…
Public pensions matter — just ask Michigan and West Virginia
Headline: Public pensions matter — just ask Michigan and West Virginia
Publication: The Hill
Article Date: Apr 10, 2017
Article Commentary by Mark Nanzer, RESDC Executive Director:
This article provides a quick history lesson to local public agencies considering closing their pension plans and going to a 401(k)-style defined contribution plan. In a nutshell, costs increased dramatically, and a secure retirement for employees nose-dived! Read article…
CA Court Upholds San Diego City 2012 Pension Measure
Headline: San Diego pension ballot measure clears legal hurdle
Publication: CBS
Article Date: Apr 11, 2017
A California court on Tuesday, April 11 upheld voter-approved Proposition B from 2012, which put most new San Diego City hires into 401(k)-style plans instead of the City’s defined-benefit pension fund. “The 4th District Court of Appeal overturned a state labor board ruling that San Diego’s 2012 ballot measure was invalid because then-Mayor Jerry Sanders campaigned for it and didn’t negotiate with labor unions.” Both supporters and opponents said this court decision may encourage other cities and counties to pursue similar efforts. Read article…