Retirement Trends

The California Public Employees Retirement System said a ruling by a judge in Detroit that federal bankruptcy law takes precedence over state law may threaten the soundness of public pension systems as a whole.

Its important that small businesses consider offering a variety of benefits beyond health, such as retirement plans, so they attract and retain the talent.

State Sen. Wilton Simpsons bill would have required all elected officials, except for judges, to move into a defined contribution 401(k) plan after July 1, 2015.

New Jerseys credit rating was lowered one step by Fitch Ratings, which cited an $807 million revenue shortfall and Governor Chris Christies likely use of one-time measures to plug the gap.

Rep. Sean Ryan, a Democrat from Buffalo, and Sen. George Maziarz, a Republican from Newfane, are co-sponsoring bills to stop the practice.

Unloadyour401k.com represents a new tool and new tactic in the countrys strident debate over gun control and gun violence: individuals divesting the nations biggest gun manufacturers from their 401(k) retirement plans.