Retirement Trends

State Treasurer Janet Cowell, who is one of the few public pension administrators empowered to act as sole fiduciary, reported that the fund ended last year with $86 billion in assets, a rise of $8 billion for the year.

A study concluded that cutting pension benefits would hit women and African Americans in disproportionate numbers and send negative economic ripples throughout the communities where they live.

Women are much more likely than men not to have planned how they will use these assets, according to a study by LIMRA Secure Retirement Institute.

1980 was a magical year, and not just because of the US Hockey Teams unbelievable win in the Lake Placid Olympics. As explained by Mark Iwry, Senior Advisor for the Treasury Department, it was also the beginning of the 401(k), a beginning the IRS had no small hand in.

The board of the $282.5 billion fund voted yesterday to boost the states annual allocation to $5 billion over three years, from $3.8 billion now. Local government increases were postponed for two years.

Thee Los Angeles Unified School District, the nations largest outside New York City, owes so much for retiree health care that paying off its debt would cost $17,500 for each student