Defined Benefits

While President Trump promises to “always protect” Social Security, the Schwarz Center for Economic Policy Analysis has tactical recommendations for President Trump, as well as legislative action Congress should take, to restore trust in the federal agency.

With the steep plunge in Tesla shares this year, the Lehigh County Pension Board, which oversees $500 million in retirement funds, passed a resolution last week to pause new investment in Tesla and will seek to completely divest its holdings.

Last week, Representative Andrew Garbarino reintroduced the Law Enforcement Officers Equity Act in the House that would allow IRS officers, Pentagon Police, Veteran Affairs police officers and others to retire after 20 years of service.

The ongoing battle over the use of environmental, social and governance factors when making investing decisions for retirement plans continues, as Representative Rick Allen reintroduces new anti-ESG legislation.

The proposal, which calls for hiking the required pension contribution for federal employees to 4.4% of salary, will now advance to the House Budget Committee.

Most Gen Xers have adjusted their retirement goals to support their adult children or aging relatives, according to a new “sandwich generation” survey by Athene.