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Pensions Get Bolder in Challenging Private Equity on Investments’ Human Cost
Headline: Pensions Get Bolder in Challenging Private Equity on Investments’ Human Cost
Publication: The New York Times
Article Date: Oct 8, 2018
“Private equity firms and public pension funds have long had a symbiotic relationship: The funds supply the firms with billions of dollars to invest, and the firms deliver double-digit returns that help the funds support retired public servants. Now, pension leaders are showing a new willingness to confront private equity over the human impact of its investments.” Read article…
Axios AM Deep Dive – The Thorny Issue of Drug Prices
Headline: Axios AM Deep Dive – The Thorny Issue of Drug Prices
Publication: Axios
Article Date: Nov 20, 2018
The system for setting drug prices in the U.S. is a labyrinth. It can be enormously frustrating for patients — and enormously rewarding for the drug companies, pharmacies, doctors, hospitals and assorted middlemen that profit along the way. Read article…
California Supreme Court Sets Oral Arguments on Public Pension Rights
Headline: California Supreme Court Sets Oral Arguments on Public Pension Rights
Publication: Chief Investment Officer
Article Date: Nov 20, 2018
The California Supreme Court will hear oral arguments on Dec. 5 in a case with potential national implications as to whether pension benefits can be reduced for existing public employees. Read article…
The Shift to 401(k)s has Decimated Retirement Savings
Headline: The Shift to 401(k)s has Decimated Retirement Savings
Publication: National Public Pension Coalition
Article Date: Nov 14, 2018
“Defined contribution plans are a poor substitute for defined benefit pension plans and as the private sector has shifted from pensions to 401(k)s, working families have fallen behind. More and more research is emerging that demonstrates the inadequacy of defined contribution plans. Last year, the Center for Retirement Research (CRR) released an issue brief that reveals the cold, hard facts.” Read article…
The Dangerous Consequence Of Cutting Public Safety Pensions
Headline: The Dangerous Consequence Of Cutting Public Safety Pensions
Publication: Forbes
Article Date: Oct 30, 2018
The recruitment and retention effects of pensions are key reasons why the public sector has maintained defined benefit retirement plans, especially for public safety officers. The author tells the story of the individuals closely involved in one of the most disruptive public pension reform efforts in the country. Read article…