News Clips for September 4, 2018
President Trump Orders Review of Open MEPs, RMD Rules
President Trump on Friday called on the Department of Labor to consider the pros and cons of allowing small businesses to jointly offer retirement plans (open MEPs).
Unions Help Middle Class Families Save For Their Future
The loss of unions has done real harm to American families' financial security . Declining union membership, for one, contributes to massive wealth inequality. Many families struggle to deal with economic emergencies, have a hard time getting ahead and face an uncertain retirement, partly because a key to building middle class wealth, the labor movement, has diminished in importance.
Why funding levels are improving for state pension plans
Funding levels for state pension plans rebounded in the first half of 2018 after experiencing a sharp increase in adjusted liabilities in fiscal 2017, according to two reports released Monday. (Subscription Required)
Candidate for Treasurer in California Pushes Public Pension Reform
Greg Conlon, the Republican candidate for California state treasurer, is pushing for changes to the public employee pension system in order to try to save California's credit rating.
State pension plans have positive year, but still face uphill climb
While there is a still a major unfunded liability among Kentucky's public pension plans, the 2018 fiscal year that ended June 30 was a positive one, according to testimony presented by plan administrators on Monday. (Subscription Required)
State-run IRA for private workers in Nevada endorsed
More than 50 percent of employers in Nevada don't have a pension plan for their workers so a legislative committee has endorsed a proposal to create a state operation to help these private employees save for their retirement.