News Clips for April 24, 2018
Public Servants Are Losing Their Foothold in the Middle Class
But globalization and automation aren't the only forces responsibile for the loss of those reliable paychecks. So is the steady erosion of the public sector.
For Workers Without Retirement Savings, State-Run I.R.As Can Pay Off
A new breed of state-based savings accounts can help workers prepare for retirement, in part by allowing them to push back the time when they file for Social Security payments, a new analysis suggests.
Why More Than A Million Teachers Can't Use Social Security
Teachers have staged protests in recent weeks in West Virginia, Oklahoma, Kentucky, Colorado and Arizona. Some are fighting lawmakers who want to scale back their pensions.
Defined benefit plans are showing new signs of life
Plan sponsors who have written off the defined benefit plan as a relic of the past may want to reconsider. While the number of participants in DB plans has declined somewhat in recent years, the number of DB plans has been rising.
Arizona Teachers Vote to Go on Strike
Teachers are asking for 20% pay raises and increases in state education funding (subscription required)
CalPERS' funded status flat in past fiscal year; state contributions increased
CalPERS' funded status was 68% at of the end of the June 30 fiscal year, flat from 68.3% on June 30, 2016, according to reports by the $351.5 billion Sacramento-based pension plan.
PERA bill sees changes in House
(Colorado) Dems add $225 million payment to help shore up pension fund
Ky. Governor Seeks to Boot Attorney General From Pension Suit
Kentucky Gov. Matt Bevin (R) is moving to boot the state's Attorney General Andy Beshear (D) from a lawsuit attacking a recently signed pension overhaul.
Texas teachers' pay is average. But their pensions are among the lowest in the country.
Benefits for Texas teachers have been a point of contention between educators and lawmakers for years - and often a hot topic at the Legislature. But where does Texas fall nationally when it comes to teacher pay, health care and retirement benefits?