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Here’s what happened to teachers after Wisconsin gutted its unions
Headline: Here’s what happened to teachers after Wisconsin gutted its unions
Publication: CNN Money
Article Date: Nov 17, 2017
Subjective Commentary by Mark Nanzer, Executive Director:
Interesting article on the after-effects of gutting public employee unions in Wisconsin. Along with diminished leverage with school boards, teachers have seen lower pay, reduced pension and health insurance benefits and higher turnover as educators hop from one district to another in search of raises, a new report finds. Read article…
The big financial milestones of life: Retiring
Headline: The big financial milestones of life: Retiring
Publication: The Guardian
Article Date: Dec 1, 2017
“Retiring comfortably requires planning and the sooner you start taking control of your finances the better placed you will be to make the most of your post-work life.” Read article…
Critics Pick Their Facts but Ignore the Truth
Headline: Critics Pick Their Facts but Ignore the Truth
Publication: CalPERS Newsroom
Article Date: Nov 21, 2017
Subjective Commentary by Mark Nanzer, Executive Director:
CalPERS does a nice job of setting the record straight on two recent published commentaries by authors that have “cherry-picked” their facts in order to permeate the myths forward by pension critics. Read article…
Report: Public Pension Plans Consistently Meet Obligations
Headline: Report: Public Pension Plans Consistently Meet Obligations
Publication: Chief Investment Officer
Article Date: Nov 2, 2017
“Although many lawmakers bemoan pensions as the bane of state budgets for being expensive and underfunded, a new report from the National Conference on Public Employee Retirement Systems (NCPERS) found that state and local pension plans have been able to meet their obligations consistently over the past 25 years.” Continue reading…
Oregon Rolls Out State-Sponsored Retirement Savings Program for Private Sector Workers
Headline: In Oregon, You Can Now Save for Retirement. Unless You Object.
Publication: New York Times
Article Date: Nov 17, 2017
“The lack of retirement savings among Americans is almost universally bemoaned but nudging, prodding and lecturing have done little to build up nest eggs for old age. So some states say they are going to make it easier to save with a simple plan: an automatic payroll deduction for retirement savings. Oregon is the first state to roll out a plan that covers private sector workers who do not otherwise have access to a savings plan in their workplace.” Continue reading…