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R.W. “Bob” Goodchild elected to SDCERA Board of Retirement
On May 6, the Registrar of Voters certified the SDCERA Board of Retirement election results in the General Member election for the third seat on the Board of Retirement. R.W. “Bob” Goodchild received the majority of votes among the five candidates. Goodchild will serve a three-year term beginning July 1, 2016.
The Board of Retirement is SDCERA’s governing body, responsible for the administration of benefits and investment of Trust Fund assets. Visit the Board of Retirement Responsibilities page to learn more about the Board’s role, or visit the general SDCERA website at http://www.sdcera.org.
Why Do Older People Love Facebook? Let’s Ask My Dad
In a survey of over 350 American adults between the ages of 60 and 86, researchers at Pennsylvania State University found that older people enjoy the same things their younger counterparts do: using Facebook to bond with old friends and develop relationships with like-minded people. Read more: http://www.nytimes.com/2016/04/15/technology/why-do-older-people-love-facebook-lets-ask-my-dad.html?smid=fb-nytimes&smtyp=cur&_r=1
Case Studies of State Pension Plans that Switched to DC Plans
A misperception persists among some that defined contribution (DC) plans “save money” when compared with traditional pensions. However, several states that switched to DC plans have experienced a much different reality over time. Read more: http://www.nirsonline.org/storage/nirs/documents/Case%20Studies/public_pension_resource_guide_-_case_studies_of_state__pension_plans_that_switched_to_defined_contribution_plans.pdf
Disappearing Pensions Hurt U.S. Economy and Workers
Retirement has taken a back seat to corporate profitability for more than 40 years as the United States has embraced the reduction of pensions, and now the U.S. economy is paying the price with lowered productivity. Read more: http://www.usatoday.com/story/money/2016/04/23/pensions-economy-workers/83292892/
Letters to the Editor in LA Times Address Scapegoating of So-Called “Double-Dipping” Public Pensioners
The LA Times published two Letters to the Editor in response to the April 10 article, “Two checks: State lawmakers collect public pensions and legislator’s salaries.” The readers point out that, 1) both the average and median state pension is much lower than the outliers oft-hyped in the media, and 2) the term “double-dipping” shouldn’t be used to describe someone who has legitimately earned and is receiving a public sector pension, and chooses to stay active in the workforce in a different capacity; it doesn’t cost the taxpayer anything additional – that job would have been filled by another individual. Read more: http://www.latimes.com/opinion/readersreact/la-le-0412-wednesday-pension-double-dipping-20160412-story.html