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Opinion: Depressed wages, pension cutbacks hurt black women
Headline: Opinion: Depressed wages, pension cutbacks hurt black women
Publication: Cincinnati.com
Article Date: Aug 7, 2018
This opinion piece asserts that pensions provide the ability to retire with security and dignity, and that attacks on public employee pensions especially hurt communities that are already facing depressed wages. Read article…
New Study Finds Bankruptcy Among Older Americans on the Rise
Headline: ‘Too Little Too Late’: Bankruptcy Booms Among Older Americans
Publication: The New York Times
Article Date: Aug 5, 2018
A new study from the Consumer Bankruptcy Project illuminates the scope of a growing problem: bankruptcy is on the rise for people 65 and older. Some of the drivers include vanishing pensions, soaring medical expenses, inadequate savings, and a three-decade shift of financial risk from government and employers to individuals. Read article…
State Supreme Court Rules Against San Diego Pension Reform
Headline: State Supreme Court Rules Against San Diego Pension Reform
Publication: KPBS
Article Date: Aug 2, 2018
“The state Supreme Court Thursday ruled that a San Diego citizens’ initiative that cut back city employee pensions was illegally placed on the ballot, and ordered an appeal court to consider a remedy.” Continue reading…
CalPERS beats earnings target for second consecutive year
Headline: CalPERS beats earnings target for second consecutive year
Publication: The Sacramento Bee
Article Date: July 12, 2018
“For the second year in a row, California’s main public pension fund beat its investment return forecast.” Read article…
How to make sense of the 2018 Social Security Trustees Report
Headline: How to make sense of the 2018 Social Security Trustees Report
Publication: Marketwatch
Article Date: June 16, 2018
“The 2018 Social Security Trustees Report, released [in June], shows that the program faces a 75-year deficit of 2.84 percent of taxable payrolls — virtually unchanged from last year’s projection of 2.83. The Old-Age, Survivors and Disability Insurance (OASDI) trust fund continues to be scheduled for exhaustion in 2034.” Read article…