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The Real Reason the Investor Class Hates Pensions
Headline: The Real Reason the Investor Class Hates Pensions
Publication: New York Times
Article Date: Mar 5, 2018
This Op-ed points out the inadequacies of the 401(k) as a savings vehicle for millions of Americans not in the “1 percent.” Himself a 401(k) investor, the author admits the passive nature of the 401(k) investor and how “We let ourselves be charged high fees that we do not understand, we accept poor returns quarter after quarter, we never sue to enforce our rights, we never vote as shareholders and we never tell our investment managers how we think they ought to vote.” He then goes on to fact check those who would like to see defined benefit pension plans turned into 401(k)s. Read Op-ed…
Research Brief: Will the Financial Fragility of Retirees Increase?
Headline: Will the Financial Fragility of Retirees Increase?
Publication: Center for Retirement Research
Article Date: Feb 23, 2018
While this recent research suggests that the vast majority of current retirees can weather shocks such as high medical bills and widowhood, it also points out that future retirees face greater risk as most people are not saving enough and it is hard to manage a nest egg. Read article…
CalPERS pension or a 401(k)? State workers could choose under Democrat’s bill
Headline: CalPERS pension or a 401(k)? State workers could choose under Democrat’s bill
Publication: Sacramento Bee
Article Date: Feb 15, 2018
While a long shot to pass, under a bill submitted by a Senate Democrat, new state workers would have a choice about whether they want to join CalPERs. Read article…
Commentary | Why Supreme Court union dues case critical to future health of California
Headline: Why Supreme Court case critical to future health of California
Publication: San Diego Union-Tribune
Article Date: Feb 22, 2018
Subjective Commentary on Article by RESDC Executive Director, Mark Nanzer:
The nation’s powerful public employee unions stand to lose membership, money and political muscle at the hands of the Supreme Court this year. This commentary by California Attorney General Xavier Becerra reminds us of the important role strong and effective unions play in supporting public employees nationwide. Read article…
U.S. corporate pension funding ratios surge to 4-year high in January – 3 reports
Headline: U.S. corporate pension funding ratios surge to 4-year high in January – 3 reports
Publication: Pensions & Investments
Article Date: Feb 7, 2018
U.S. corporate pension funding ratios rose to an average of 88% in January, according to reports. This increase was due to both an uptick in discount rates and positive equity markets. Read article…