Pensions

Detroit's Emergency Manager, Kevyn Orr, has filed a “plan of adjustment” with the court in the largest municipal bankruptcy in history. It includes some troubling news, some hopeful news and leaves out important items that should be known before a final plan for moving forward is settled. It is...
02/21/2014
Blog
In the wake of the Detroit bankruptcy, there has been no shortage of finger pointing, blame, and calls for “shared sacrifice.” On a personal note, I love hearing the phrase “shared sacrifice” because what usually follows is a lot of sacrifice that is rarely shared. And, the case in Detroit is no...
08/16/2013
Blog
Though your retirement or bank accounts statements contain no evidence of it, everyone who has an IRA, 401k, or any other individual retirement savings account pays a variety of fees every year. But because these fees are taken “off the top” of investment returns or share prices accountholders...
05/29/2012
Publication
While the attention of Connecticut's legislature has been occupied by the recent budget battles, an even larger crisis has been brewing: retirement security. The ability of hardworking state residents to build sufficient retirement savings is in danger, and if nothing is done, the promise of a...
03/22/2012
News/Resource
On Thursday morning the New York State Legislature agreed to a deal limiting pensions for future public employees. The state thus joins 43 others that have recently enacted legislation curtailing public retirement benefits. Though New York needs to reduce its spending, the cuts come at a...
03/16/2012
News/Resource
State government should offer a retirement plan to the increasing number of people whose companies don't provide a pension or a 401(k) savings program, labor groups and other advocates this week told a legislative panel. The Labor and Public Employees Committee has raised a bill that would create a...
03/07/2012
News/Resource
What happens when you take a terrible bill and split it in three? You get three terrible bills. Last week, the House GOP introduced their version of a transportation bill and it seems they managed to appall everyone with how bad it was, including their own base. The conservative Club for Growth...
02/15/2012
Blog
The retirement security of American families has crumbled in the past generation. Workers retiring in the next 20 years can expect to receive only 65 percent during retirement of what they made during their working years, a drop of 16 percent from their parents. Foreboding economic forecasts...
08/08/2011
Publication
Economic security for seniors was built on the three-legged stool of retirement (Social Security, pensions, and savings) at the core of the social contract that rewards a lifetime of productivity. Seniors’ economic security, however, is being challenged by two simultaneously occurring trends: a...
08/08/2011
Publication
Economic security for seniors was built on the three-legged stool of retirement (Social Security, pensions, and savings) at the core of the social contract that rewards a lifetime of productivity. Economic security of seniors, however, is being challenged by two simultaneously occurring trends: a...
08/08/2011
Publication
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