News Now
Thousands of CalPERS members could get $30,000 or more in long-term care lawsuit settlement
Headline: Thousands of CalPERS members could get $30,000 or more in long-term care lawsuit settlement
Publication: The Sacramento Bee
Article Date: July 13, 2021
CalPERS has agreed to pay up to $2.7 billion to settle a lawsuit over big price hikes the retirement system imposed on long-term care policyholders eight years ago, according to a Tuesday announcement. Read More…
Now Is The Time To Re-Think Retirement Plan Conventional Wisdom
Headline: Now Is The Time To Re-Think Retirement Plan Conventional Wisdom
Publication: Forbes
Article Date: June 30, 2021
Now may be the time for companies to take a look at their retirement plan design options. There could be ways to redesign their retirement plan offerings in a way that meets both employer and employee goals. Read More…
‘Crunched on both sides’: Older millennials balance student loans, retirement saving and kids’ college funds
Headline: ‘Crunched on both sides’: Older millennials balance student loans, retirement saving and kids’ college funds
Publication: CNBC
Article Date: 06/15/2021
Older millennials entered adulthood around the time of the 2008 financial crisis, which was followed by unique challenges like rising college costs and slow wage growth. Now, millennials are suffering through the aftermath. Read More…
U.S. public sector pension funding improved during the pandemic year
Headline: U.S. public sector pension funding improved during the pandemic year
Publication: MarketWatch
Article Date: June 12, 2021
In May of 2020, things looked dire for states and local governments, and many analysts were nervous about the state of public sector pension funding. But 13 months later, the worst fears about municipal budgets haven’t panned out. Read More…
How the Pandemic Changed the Retirement Landscape
Headline: How the Pandemic Changed the Retirement Landscape
Publication: MarketWatch
Article Date: April 27, 2020
Pandemic-related job losses forced many older Americans out of the workplace in the past year, perhaps permanently. But the COVID-19 crisis also seems to have delayed some retirements. Read More…