The performance of equities for current retirees is perhaps more important than ever, as many advisors are using stocks and dividend paying stocks to supplant fixed-income and money-market funds, which lag due to low interest rates.
CITs are arguably changing the retirement investment landscape because of an insistence on behalf of plans sponsors of all sizes, but particularly the largest, to keep their exposure to management fees in control.
The POA has mounted a concerted effort to reduce staffing in our police department, which has undermined the department and increased the workload on the remaining officers, said Mayor Reed via email to BenefitsPro.
By limiting the value of tax deductions, defined contribution exclusions and IRA deductions to 28 percent of income, the Obama administration hopes to create $1 billion a year in new tax revenue.
The payouts come at a time when the city of Houston is suing the firefighters pension fund for the right to have local negotiating power over the citys future contributions to the fund.