Retirement Trends

As head of alternative investments for AT&T from 1980 to 1995, Judge helped establish the first ties between institutional investors and startup ventures.

The Hispanic Caucus said that the fiduciary definition is important to its community because low and middle-income Hispanics have retirement plan savings almost 40 percent lower than other low and middle-income individuals.

Social Security accounted for $1.39 per hour, or 4.7 percent of total compensation, while retirement and savings benefits accounted for $1.10 per hour, or 3.7 percent of compensation.

San Bernardino, the bankrupt Southern California city, has a tentative agreement with its biggest creditor, the California Public Employees Retirement System, that should help it in talks with others.

The transaction would include retirement products known as variable annuities, said sources, who asked not to be identified.

A 403(b) program was authorized by the General Assembly in 2012 and approved last week by a board of trustees for retirement plans.