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As California’s Economy Booms, Cities Struggle With Pensions
Headline: As California’s Economy Booms, Cities Struggle With Pensions
Publication: NBC Los Angeles
Article Date: Oct 24, 2019
“While California’s economy is booming, a new analysis shows pension obligations continue to weigh on the state’s cities as nearly three quarters of them don’t have enough money to pay the future health benefits for retired workers.” Read Article…
New County Annual Report Released
Headline: New Annual Report Reflects New Era
Publication: County News Center
Article Date: Oct 10, 2019
“The newly released 2018-2019 County of San Diego Annual Report offers highlights of how the County is making strides on new priorities while still maintaining the services San Diegans have come to expect.” Read article…
Retiree Social Security checks to rise modestly amid push to expand benefits
Headline: Retiree checks to rise modestly amid push to expand benefits
Publication: San Diego Union-Tribune
Article Date: Oct 10, 2019
“Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection.” Read article…
Commentary: A note on public pension plans discount rate
Headline: Commentary: A note on the discount rate
Publication: Pensions & Investments
Article Date: Oct 1, 2019
“The author weighs in on one of the most heated debates about the already white-hot issue of public pension plan accounting is exactly what discount rate to use in measuring assets and liabilities and, therefore, the amount of unfunded liability. Plausible arguments can be made for both approaches currently used.” Read commentary…
Opinion: Pensions are good for CT
Headline: Opinion: Pensions are good for CT
Publication: Stamford Advocate
Article Date: Sep 26, 2019
Op-ed from a Connecticut state employee explaining that benefits are earned, reasonable, economically beneficial, and vital to the secure retirement of public workers. Read article…