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New Report: Why Pensions Matter
Headline: Why Pensions Matter Report Reveals Need for Pensions Across the United States
Publication: National Public Pension Coalition
Article Date: Mar 29, 2017
“This week, the National Public Pension Coalition released a new report titled Why Pensions Matter, a comprehensive examination of the origins and importance of public pensions. The report examines how public pensions have developed over time, as well as the ways in which pensions help to combat a growing retirement crisis throughout the United States.” Continue reading…
UC paper…“Funding Public Pensions: Is full funding a misguided goal?”
Headline: UC paper argues full pension funding not needed
Publication: Calpensions
Article Date: Mar 20, 2017
A paper issued by UC Berkeley’s Haas Institute last month argues that full pension funding is not needed and may even be harmful. Read article…
Pensions are not pots of gold for irresponsible lawmakers
Headline: Pensions are not pots of gold for irresponsible lawmakers
Publication: The Hill
Article Date: Mar 22, 2017
“Pensions might look like a pot of gold to politicians right now, but they should go follow another rainbow if they want extra funds to pay state bills. Public pension funds need to stay right where they are.” Read article…
Study Shows Defined Contribution Plans Are Often Not Enough
Headline: 401(k) Plans: Not Enough For Most Retirees: Survey
Publication: Financial Advisor
Article Date: Mar 7, 2017
A study by Investopedia suggests that defined contribution plans, such as 401(k) and 403(b) plans, are often not sufficient for the costs of retirement. Read article or view full report on study: “Retirement in America: The Search for Security”
Editorial: The Pension Crisis That Doesn’t Exist
Headline: Don’t hurt workers with pension crisis scare
Publication: Sacramento Bee
Article Date: Mar 13, 2017
Article Commentary by Mark Nanzer, RESDC Executive Director
Editorial written by the executive director of the Sacramento Labor Council in response to Sacramento Bee editorial board’s public pension payments “scare tactics” editorial. Read editorial…