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CalPERS Addresses Debate Over Public Employee Pensions
Headline: The Pension Debate: Our Focus is on the Future
Publication: CalPERS Newsroom
Article Date: Sep 28, 2016
In an recent article on their website, CalPERS staff has weighed in on recent debates over public employer contribution and discount rates. They argue for focusing long-term investment strategies designed to sustain the pension fund now and for future generations. Read article…
Early History on the County Administration Center
Headline: Before Waterfront Park, There Was the Nolen Plan
Publication: County News Center
Article Date: Sep 16, 2016
The County Administration Center on Pacific Highway is an iconic San Diego government building. In the early 1900s, architect John Nolen envisioned a civic building as part of something much larger: a public corridor extending east all the way to Balboa Park, along what is today Cedar Street. Although the plan never fully materialized, other portions of his vision did transform the marina into much of what we see today. Watch video…
Health Tips and Advice for Senior Travelers
Headline: Health tips and advice for senior travelers
Publication: Ithaca Journal
Article Date: Sep 13, 2016
Many people enjoy traveling in retirement, but may be worried about health issues while away from home. This article provides some steps to take to help ensure a safe and healthy trip. Read article…
Private-Sector State-Managed Retirement Savings Program Signed by Governor
Headline: State-managed retirement plan becomes reality with Brown’s signature
Publication: The Sacramento Bee
Article Date: Sep 29, 2016
Governor Jerry Brown signed Senate Bill 1234, also known as Secure Choice, on September 29. The legislation creates a state-managed retirement savings program for private-sector workers without one. Read article…
Link Between Dot-Com Bubble And CalPERS Pension Debt
Headline: Why The Dot-Com Bubble Is Key To Understanding California’s Growing Public Employee Pension Debt
Publication: Capital Public Radio
Article Date: Sep 19, 2016
California faces a mounting public employee pension debt. To figure out how the State of California got in this situation, it’s helpful to rewind the clock to the late 1990s, back to the days of the dot-com bubble. That’s when the state and local governments chose to make pension benefits a lot more generous. It’s a decision that turned out to have lasting implications. Read article…