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Morgan Stanley to pay $150 million to settle California pension funds’ claims
Headline: Morgan Stanley to pay $150 million to settle California pension funds’ claims
Publication: Pensions & Investments
Article Date: Apr 25, 2019
“The California attorney general’s office announced it has made a $150 million settlement with Morgan Stanley (MS) for misleading investors regarding the risk of mortgage-backed securities.” Read article…
401(k)s will be considered unthinkable 50 years from now
Headline: 401(k)s will be considered unthinkable 50 years from now
Publication: Vox
Article Date: Apr 3, 2019
“How much money do you have saved in your 401(k)? In 50 years, no one will ask. Even better, no one will have to provide the usual answer: way too little.” Read article…
Court dismisses challenge to CalSavers Secure Choice program
Headline: Court dismisses challenge to CalSavers Secure Choice program
Publication: Pensions & Investments
Article Date: Apr 1, 2019
“A U.S. District Court in California dismissed a lawsuit challenging CalSavers Retirement Savings program. The CalSavers program is a defined contribution plan for private-sector workers in California who do not have access to a retirement plan sponsored by their employers.” Read article…
Californians worry about public pensions, but not as much as they used to
Headline: Californians worry about public pensions, but not as much as they used to
Publication: Sacramento Bee
Article Date: Mar 28, 2019
“Fewer Californians appear concerned about public spending on pensions than in past years, according to a Public Policy Institute of California poll.” Read article…
The Federal Government Gave Up on Retirement Security
Headline: The Federal Government Gave Up on Retirement Security
Publication: The Atlantic
Article Date: Mar 30, 2019
“As companies shortchange employees with pensions, the Departments of Treasury and Labor look the other way.” Read article…