News Clips for October 24, 2017
Worker Reactions to State-Sponsored Auto-IRA Programs
Employees without access to retirement plans at small to midsize firms interested in opportunities to save
Role of retirement plans in tax debate highlights how poorly Americans are saving for retirement
The dust-up over 401(k)s is a good opportunity to remind everyone how bad the state of the average person's retirement plan is.
A Week About Saving...But Are We?
Today ends the week known as National Retirement Security Week. Although the week started in 2006 as a week to raise awareness about the importance of saving for retirement, progress since then suggests the more apt title for the week should be National Retirement (In)Security Week. Many Americans have no savings at all for retirement, and those who do are likely to find themselves woefully unprepared financially for their golden years.
Rauner looks to Washington for the power to change pension benefits
Stymied by a Democrat-controlled General Assembly and still in a contract dispute with the largest state employee union, Republican Gov. Bruce Rauner is looking to Washington for help advancing his agenda to weaken the influence of organized labor in Illinois.
Kentucky Governor Matt Bevin Saying State Employees Are Bankrupting The State Is False
Kentucky Governor Matt Bevin saying that state employees are bankrupting his state is false. A report is falsely claiming that Bevin was quoted as saying that state employees were hurting the state's budget.
Why Maine should support a constitutional amendment to stabilize public employee pensions
On Nov. 7, Mainers can vote to further stabilize the state retirement system that manages public-employee pensions for current and retired state employees and public educators
Nevada will lower assumption for public pension plans
A state panel overseeing the $38 billion Nevada public employee pension plan voted Thursday to lower its decades-old assumption about the return on its investments.
Pressure Mounts on Morneau to Drop Canadian Pension Proposal
Canadian labor groups are calling on Finance Minister Bill Morneau to kill a proposed law allowing so-called target benefit pension plans amid a deepening outcry over his personal finances.