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Retiree COLA Suspension Upheld in New Jersey
The New Jersey Supreme Court ruled a 2011 pension reform law suspending cost-of-living adjustments for retirees was constitutional. Public employee unions had challenged the COLA freeze, arguing it deserved the same protections as regular pensions. New Jersey’s $70.9 billion Pension Fund is fiscally challenged and has been a huge bone of contention between labor and Governor Chris Christie. Read more: http://www.pionline.com/article/20160609/ONLINE/160609864/new-jersey-supreme-court-rules-cola-suspension-is-constitutional
Supreme Court Won’t Reopen Union-Fees Case
The U.S. Supreme Court rejected a June 28th request by public school teachers in California asking the justices to rehear a major challenge to fees that unions collect from non-members on which the court split 4-4 in March. Read more: http://www.foxbusiness.com/politics/2016/06/28/supreme-court-wont-reopen-union-fees-case.html
9 Facts You Probably Didn’t Know About American Retirees
“The Current State of Retirement: A Compendium of Findings About American Retirees,” a recent survey by Transamerica Center for Retirement Studies, reveals several interesting facts about the financial status of the country’s retirees. Read more: http://www.business.com/finance/9-facts-you-probably-didnt-know-about-american-retirees/
How Independent Living and In-Home Care Work Together
A short article describing Independent Living Communities (age 55+) and In-Home Care and explaining how they work together. Offering In-Home care as an amenity is embraced by independent living communities. An explanation of In-Home care costs, selecting an agency, and Medicare/Medicaid eligibility, if applicable, is given. Read more: https://www.after55.com/blog/independent-living-home-care-work-together/
Income Inequality Detailed in Report based on Census Data
A report from San Francisco-based Public Policy Institute of California analyzes growing income polarization across the state even as the overall economy has recovered since the 2008 recession. In Orange County the 90th percentile of families earned 11 times more than the 10th percentile: $203,000 a year compared to $18,000. The report said the gap between high-income and low-income families in California is twice the size it was in 1980. Read more…