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Court Pension Decision Weakens ‘California Rule’
Headline: Court Pension Decision Weakens ‘California Rule’
Publication: Public CEO
Article Date: Aug 22, 2016
Last week, an appeals court issued a ruling in a Marin County case stating “while a public employee does have a ‘vested right’ to a pension, that right is only to a ‘reasonable’ pension. Read article…
Lawmakers Back Retirement Plan for California Workers
Headline: California Assembly passes bill to implement Secure Choice
Publication: Pensions & Investments
Article Date: Aug 25, 2016
The California Assembly on Thursday approved implementing a state-run Secure Choice retirement savings program, the final legislative step in creating the program for private-sector workers without a retirement plan. Read article…
Zen and the Art of 401(k) Maintenance
Headline: Zen and the Art of 401(k) Maintenance
Publication: The New York Times
Article Date: Aug 5, 2016
Here’s an interesting take on the monitoring of your retirement accounts…pay as little attention as possible. Read article…
NY Times weighs in on California’s Secure Choice Retirement Program
Headline: From California, a Better Way to Retire
Publication: The New York Times
Article Date: Aug 16, 2016
The California Legislature is set to vote on a plan, nearly four years in the making, to automatically enroll most uncovered workers in individual retirement savings accounts. Employee advocates are confident the measure will pass, and Gov. Jerry Brown is expected to sign it. When that happens, Californians will gain more security – and the rest of the nation will gain a national model for promoting retirement savings. Read article…
CalPERS: Myth vs. Facts
Any time an organization feels it is being misunderstood and wants to set the record straight, it prepares a “Myths versus Facts” document. CalPERS’ media relations shop presents “facts” to explain what they feel are common misconceptions about public employee pensions in California. There is some good information here, portrayed with relatively little “spin.” This is the official description: “Myths vs. Facts educates, separates fact from fiction, and provides CalPERS responses about issues related to pensions, investments, accountability and ethics, and health care. Read the facts on common misconceptions.” https://www.calpers.ca.gov/page/newsroom/myths-vs-facts