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House Votes to Block Rule Expanding State-Run Savings Programs
Headline: House votes to block California’s new retirement-savings program
Publication: San Jose Mercury News
Article Date: Feb 15, 2017
The House of Representatives advanced two bills to overturn federal rules that would make it simpler for states to start IRAs for private-sector workers without a 401(k). Following passage in the House on Wednesday, the bills go to the Senate. Read article…
Spotlight on Significant Reforms to State Retirement Systems
Headline: Research: Significant Reforms to State Retirement Systems
Publication: National Association of State Retirement Administrators
Article Date: Jun 1, 2016
“Although states have a history of making adjustments to their workforce retirement programs, changes to public pension plan design and financing have never been more numerous or significant than in the years following the Great Recession.” Read article…
Congress Targets Secure Choice Retirement Savings Program for Elimination
Headline: Congress targets a California law that aims to give low-income workers retirement security
Publication: LA Times
Article Date: Feb 9, 2017
Two Republican members of the House of Representatives in Washington introduced a resolution that would strike down a recent Department of Labor regulation that supports states’ efforts to help low- and moderate-wage workers save for retirement. Read article…
While San Diego County retiree benefits are not in jeopardy, RESDC strongly believes that all workers should have a secure retirement. Click here to read our recent email about this issue and the steps we’ve taken.
State and Local Government Spending on Public Employee Retirement Systems
Headline: Issue Brief: Government Spending on Public Pensions
Publication: National & State Association of Retirement Administrators
Article Date: Mar 31, 2016
Nationally state and local government pension contributions are 4.1% of direct general spending but vary widely among states. Read brief…
US Union Membership Declines To Record Low In 2016
Headline: US Union Membership Declines To Record Low In 2016
Publication: Manufacturing.net
Article Date: Jan 30, 2017
“The U.S. Department of Labor said Thursday that the percentage of workers that belonged to unions fell to 10.7 percent in 2016.” The Wall Street Journal reported that although union membership in the U.S. declined for decades, the rate remained largely stable in recent annual reports. Read article…