News Now
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…
Attacks on Pension Reforms “Wrong Across the Board”
Headline: Commentary: Critique of Brown’s pension reforms is off base
Publication: East Bay Times
Article Date: Mar 10, 2017
Article Commentary by Mark Nanzer, RESDC Executive Director
Fact-based commentary in response to uninformed media attacks on pension reforms enacted by Governor Brown. Read article…
Millennials Ask Elders About Retirement
Headline: From the Elders to the Kids: What I Wish I’d Known
Publication: New York Times
Article Date: Mar 3, 2017
The New York Times asked journalism students from five colleges and universities to talk with retirees, and find out what they wish they had known when they were the students’ age. Read article…