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In Pennsylvania Municipality, Pension Boards Sue City Over COLA Cuts
In the city of Scranton, Pennsylvania, the pension boards representing the city’s police and firefighters this weekend sued the city to unfreeze retiree cost-of-living adjustments, ...
Video: Rethinking Social Security Benefit Calculation – What Are The Pros and Cons of Changing the Benefit Formula
Here’s a segment from PBS NewsHour that examines the pros and cons of reducing Social Security benefits by tying them to cost-of-living increases rather than wage increases. ...
N.J. Unions Petition U.S. Supreme Court to Hear Pension Funding Case
Early this summer, the New Jersey Supreme Court ruled that Chris Christie didn’t act illegally when he slashed state pension contributions by over $3 billion between 2013 and 2015, ...
Federal, State Regulators Sue “Pension Advance” Firms Over Deception
In the past, we’ve briefly covered “pension advance” firms – firms that make very high-interest loans against retirees’ pensions, similar to a payday loan model.
The business ...
Telephone Therapy Helps Older People In Underserved Rural Areas, Study Finds
Kaiser Health News (KHN) is a nonprofit national health policy news service.
Therapy provided over the phone lowered symptoms of anxiety and depression among older adults in rural ...
CalPERS Plan Would Require Higher Contributions From Workers Hired After 2013
CalPERS, the largest public pension fund in the U.S., has reportedly spent the past few months working on a plan to invest a higher percentage of its assets into conservative investments ...
Stanford Researcher: Delay Social Security Until 70 If You Want A 30-Year Retirement
Dr. John Shoven, director of the Stanford Institute for Economic Policy Research, gave a talk this month called “Financing a 30-year retirement.”
Dr. Shoven’s thesis was that ...
Video: The Most Common Retirement Mistake
In this short video, financial planner David explains the most common mistake people make in retirement planning: waiting too long to start saving.
Video credit: Money magazine
Feature ...
CalPERS Endorses Proposal to Extend Fiduciary Standard to Retirement Advisors
CalPERS this week weighed in on a proposal that would increase the transparency and accountability of individual retirement advisors.
The pension fund roundly endorsed the proposal ...
Video: Is There A “Magic Number” For Retirement Savings?
How much money should you have saved before you decide to retire?
There’s no single right answer.
In this video, Patricia Powell of Wealth Health discusses how much people need to ...
