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New Research Study on Cognitive Aging and the Capacity to Manage Money
Headline: Cognitive Aging and the Capacity to Manage Money
Publication: Center for Retirement Research – Boston College
Article Date: Jan 17, 2017
The Center for Retirement Research at Boston College has recently released a brief which assesses how cognitive aging affects the capacity to manage money during ages 70-90. Read article…
Public Pensions Put the Squeeze on Fees in 2016, Besting Mutual Funds
Headline: Public Pensions Put the Squeeze on Fees in 2016, Besting Mutual Funds
Publication: Business Wire
Article Date: Jan 17, 2017
An annual study by the National Conference on Public Employee Retirement Systems, shows that Public Pension systems are reducing management fees, increasing funding ratios, and fine-tuning benefits to strengthen their capacity to serve retired public servants for years to come. Read article…
Research Brief: State and Local Pension Reform Since the Financial Crisis
Headline: State and Local Pension Reform Since the Financial Crisis
Publication: Center for Retirement Research
Article Date: Jan 3, 2017
“In the wake of the financial crisis, many state and local pension plans have reduced benefits and increased required employee contributions to curb rising employer costs. While past research suggests that most state plans have made some changes, little information is available about reforms at the local level. This brief documents and compares the reform patterns for over 200 major state and local plans between 2009 and 2014 and investigates how and why the changes were made.” Read article…
AARP Medicare Special Report
Headline: Why Medicare Matters: How Proposed Changes to Medicare Could Affect Your Wallet and Your Health Care
Publication: AARP
Article Date: Jan 1, 2017
AARP takes a look at the state of Medicare today, outlines its importance and popularity, and examines the possible changes on the horizon with the incoming administration. Read article…
Second California Appeals Court Rules Pension Benefits can be Reduced
Headline: Second California appeals court rules pension benefits can be reduced
Publication: Pensions & Investments
Article Date: Jan 3, 2017
In August, a state appeals panel ruled on a Marin County case, stating that “While a public employee does have a ‘vested right’ to a pension, that right is only to a ‘reasonable’ pension – not an immutable entitlement to the most optimal formula of calculating the pension.” On December 30, a second state appeals panel in San Francisco made a similar decision on a 2015 Alameda County court ruling, citing the decision on the Marin County case. The California Supreme Court has agreed to hear an appeal on the Marin County case, but no date has been set yet. Read article…