News Clips for November 7, 2017
How the tax bill could change how you save for retirement
The Tax Cuts and Jobs Act left pre-tax contribution limits to 401(k) retirement plans alone, but other changes could affect the way savers invest in these and individual retirement accounts.
House Tax Bill Addresses 401(k)s, IRAs But Drops Rothification
Another feared revenue raiser that didn't surface: a new five-year payout rule for IRA and 401(k) inheritors.
Blame Amazon for America's underfunded public pensions
Illinois and New Jersey, two states notorious for underfunding their public pensions, are suddenly flush with cash when Amazon comes calling.
LAUSD backs off proposal to cut health care and is now set to guarantee benefits at current levels for three more years
(California) Despite having laid out options to save money on health care, LA Unified has "rolled over" and agreed to continue funding its generous benefits for district employees, retirees, and their dependents at current levels for the next three years.
Governor's PERA plan throws a curveball into looming political fight over state pension reform
(Colorado) It remains to be seen if Hickenlooper's position will help or harm the chances of reform passing in a politically charged election year.
Connecticut weighs a capital asset trust to backfill its underfunded pensions
Buried deep in Connecticut's 900-page state budget document is a call to consider using capital assets to backfill the state pension system. (subscription required)
Pension payments stolen from Iowa public employee retirees' accounts
Officials say pension payments have been stolen from more than 100 Iowa public employee retirees' accounts.
Protesters rally against pension proposal
Nearly 100 people crowded North Court Street at the Scott County Courthouse Saturday to protest Gov. Matt Bevin's proposed reform of pensions for state and local government workers and school teachers. (subscription required)
Negotiations on Dallas teachers deal focused on health care
About 90 percent of the last two negotiation sessions between the Dallas School District and its union focused on health care, school board member James Gattuso said Tuesday.
NDP MP proposes changes to insolvency laws to improve pension protections
An Ontario backbench member of Parliament tabled a bill Monday to amend Canada's insolvency laws so they offer more protections to pension plans, post-retirement benefits and severance when a company is in deep financial trouble