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Examining the Nest Egg: The Sources of Retirement Income for Older Americans
Headline: Examining the Nest Egg: The Sources of Retirement Income for Older Americans
Publication: National Institute on Retirement Security
Article Date: January 15, 2020
A new report finds that a large portion (40 percent) of older Americans rely only on Social Security income in retirement while only a small percentage of older Americans (seven percent) receive income from Social Security, a defined benefit pension, and a defined contribution account. Read Article…
Ex-CHP chief who helped son flee to Mexico after rape charge wants his pension restored
Headline: Ex-CHP chief who helped son flee to Mexico after rape charge wants his pension restored
Publication: The Sacramento Bee
Article Date: February 11, 2020
“A former California Highway Patrol assistant chief who helped his son flee to Mexico after a rape accusation is again asking the CalPERS board to let him keep his full pension despite his role in the crime.” Read Article…
Lawsuit targeting Sonoma County pension hikes seeks hearing from California Supreme Court
Headline: Lawsuit targeting Sonoma County pension hikes seeks hearing from California Supreme Court
Publication: pressdemocrat.com
Article Date: February 8, 2020
A retired Santa Rosa attorney is pressing the California Supreme Court to take up his lawsuit seeking to invalidate the enhanced pension benefits granted to Sonoma County government employees in the early 2000s. Read Article…
Workers with chronic health conditions — and access to insurance — retire later
Headline: Workers with chronic health conditions — and access to insurance — retire later
Publication: HRDive.com
Article Date: January 30, 2020
Workers who experienced health events related to two chronic conditions — hypertension and arthritis — are likely to retire later than other workers, according to a study published this month by the Center for Retirement Research at Boston College. Read Article…
Tax Cuts Could Come Back to Haunt State Retirement Systems
Headline: Tax Cuts Could Come Back to Haunt State Retirement Systems
Publication: Chief Investment Officer
Article Date: January 22, 2020
“Although state retirement systems have made a strong recovery from the Great Recession to reduce once-yawning funding gaps, years of tax cuts could come back to haunt states and force them to reduce retirement benefits.” Read Article…