Search Results For pension plans retirement public

Sheriff's suit for bigger pension triggers push for reform

Peter Westerman | February 24, 2014

Support is growing among taxpayers in California's Ventura County for an initiative to channel all new employees into a 401(k) savings plan rather than a pension.

Detroit needs global deal to get $820 million to end bankruptcy

Peter Westerman | February 21, 2014

Detroits plan to end its $18 billion bankruptcy assumes bondholders offered 20 cents on the dollar will eventually swallow a deal that guarantees police and firefighters collect 90 percent of their pensions.

‘Don’t Eat Dog Food’ author says cash flow is key

Peter Westerman | February 21, 2014

Roger Roemmich, a CPA, long-time wealth manager and author of Dont Eat Dog Food When Youre Old, says people heading into retirement are focusing on the wrong variables.

Bankrupt California cities face pension struggles

Peter Westerman | February 21, 2014

Stockton and San Bernardino may not recover unless they rein in their rising pension costs, Moodys Investors Service.

Detroit seeks to undercut muni bondholders’ creditor priority

Peter Westerman | February 20, 2014

Detroits record $18 billion bankruptcy should end an erroneous presumption of municipal bond investors that they have more protection from losses than other creditors, a lawyer for the city told a judge.

In four years, more than one-third of all retirement assets will be in IRAs

Peter Westerman | February 20, 2014

The movement of funds from employer-sponsored defined benefits plans is a natural result of aging baby boomers looking for ways to generate income needed as they live out their retirement years.

Jacksonville seeking utility payments to avoid cut

Peter Westerman | February 20, 2014

Jacksonville, rated the second level of investment grade by Moodys Investors Service, wants JEA, which provides water and electricity to the states most populous city, to contribute $40 million annually to help avoid a downgrade.

North Carolina pension plan gains 12.28 percent

Peter Westerman | February 19, 2014

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.

California cities strained by retiree health

Peter Westerman | February 19, 2014

Feb. 19 (Bloomberg) -- The Los Angeles Unified School District, the nation’s largest outside New York City, owes so much for retiree health care…

Retiree health strains California cities

Peter Westerman | February 19, 2014

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

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Sheriff's suit for bigger pension triggers push for reform

Detroit needs global deal to get $820 million to end bankruptcy

‘Don’t Eat Dog Food’ author says cash flow is key

Bankrupt California cities face pension struggles

Detroit seeks to undercut muni bondholders’ creditor priority

In four years, more than one-third of all retirement assets will be in IRAs

Jacksonville seeking utility payments to avoid cut

North Carolina pension plan gains 12.28 percent

California cities strained by retiree health

Retiree health strains California cities

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