Featured Jobs
|
BPAS
|
|
July Business Services
|
|
DC Retirement Plan Administrator Michigan Pension & Actuarial Services, LLC
|
|
Anchor 3(16) Fiduciary Solutions
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
|
|
Strongpoint Partners
|
|
EPIC RPS
|
|
Retirement Plan Consultants
|
|
Combo Retirement Plan Administrator Strongpoint Partners
|
|
Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
|
|
Compass
|
|
MVP Plan Administrators, Inc.
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
Nova 401(k) Associates
|
|
Managing Director - Operations, Benefits Daybright Financial
|
|
Mergers & Acquisition Specialist Compass
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
Search the News Archive
|
45 Matching News Items |
| 1. |
California Policy Center
Jan. 31, 2018
"When assessing the impact of a nearly $30 billion hike in pension contributions between now and 2024, it's important to note that these projected payments do not include contributions collected from state and local government employees via payroll withholding.... Why are the employees only paying 25% of the cost for their benefit? Didn't the PEPRA reform of 2012 put them on track to pay 50% of the cost of their pensions?"
|
| 2. |
California Policy Center
Feb. 24, 2015
"This study estimates the burden of pension costs on 459 California municipalities. The primary measure we consider is the ratio of required pension contributions to estimated total revenue for each city. We also look at contribution rates per employee and at pension funding levels. We find a wide variation in the impact of pension costs on city finances. While several cities spend more than one-eighth of their revenues on pension contributions, many spend far lower proportions and ten municipalities have no defined benefit pension plans at all."
|
| 3. |
California Policy Center
May 7, 2014
"[T]hese 20 counties combined have a population of 29.3 million, constituting 77% of Californians. Their total unfunded pension liability ... is $37.2 billion. Their total unfunded retirement liabilities, ... including pension obligations bonds and unfunded healthcare liabilities, is $72.3 billion. As a percentage, their total funded ratio just for pensions (assets as a percent of liabilities) is 74%. Their total retirement funding percentage, taking into account pensions, healthcare, and pension obligation bonds, is only 60%. This total obligation, $7,369 per household vs. $3,932 if you only include pension funds, is a daunting amount."
|
| 4. |
Nixon Peabody LLP
June 20, 2013
"Specifically, [Shasta Regional Medical Center]: Sent a letter to California Watch to respond to a media story about Medicare fraud, which included PHI about medical treatment and lab results. Met with the Record Searchlight editor and disclosed PHI regarding the same matter. Sent a letter to the Los Angeles Times, including detailed information about the treatment involved in the matter. Sent an e-mail to approximately 785 to 900 of its employees, including information about the medical conditions, diagnosis, and treatment of the patient involved in the matter. Failed to sanction its employees in adherence to its internal sanction policy."
|
| 5. |
WestHealth Policy Center
May 20, 2019
"For the 10 percent of California hospitals with the highest ratio of private to Medicare payments, private insurance payments average 364 percent of Medicare and 255 percent of cost; for the 10 percent with the lowest ratio, the average is 89 percent of Medicare and 89 percent of cost."
|
| 6. |
California Public Policy Center
Feb. 20, 2013
"[If] the discount rate is lowered to 5.5%, and the actuarial accrued liability is revalued according to Moody's proposed criteria scheduled for adoption in 2014, it results in the estimated funding status of California's consolidated state and local government pension plans lowering from 82% funded to 64% funded.... If you increase the duration of the pension plan discounting to what is probably a more representative 17 years, ... the unfunded pension liability at 6.2% is $295 billion (67% funded), at 5.5% it rises to $401 billion (60% funded), and at 4.5% it rises to $576 billion (51% funded)."
|
| 7. |
California Public Policy Center
Nov. 1, 2012
"When OPEB is unfunded (which ... is the case in most California communities), costs in coming years are set to accelerate rapidly -- likely more rapidly than pension costs. When a worker retires and begins to draw benefits, his pension comes out of the pension fund, whereas his health benefits continue to come directly out of the operating budget. Thus, for as long as governments fund OPEB on a pay-as-you-go basis, they will experience the combined force of the baby-boom retirement wave and rising health-care costs. In a prefunded system, the effect is filtered."
|
| 8. |
California Public Policy Center
Mar. 14, 2011
The cost to Californians of paying government workers, on average, a pension that is literally triple what the average private sector worker collects from social security is compounded by the fact that the ratio of government workers to government retirees is on-track to be 1-1, i.e., one worker for each retiree[.]
|
| 9. |
Marc Joffe, California Policy Center in PensionTsunami
Mar. 21, 2017
"[We] see a great inequity between private and public workers generally, and especially the highest paid government employees who qualify for gold plated pensions. To level the playing field, perhaps some Progressives would agree that benefits for the richest pension beneficiaries should be capped or taxed. Savings realized by the state and by local governments could go to restoring public services lost due to increasing pension costs, or to bolstering the assets of public pension plans -- making them more sustainable over the long term."
|
| 10. |
California Policy Center
Aug. 1, 2014
"Notwithstanding the fact that 'adjustable defined benefits' might constitute an oxymoron, as a concept it represents the only way that defined benefit plans can be sustained. Rather than throwing new employees into individual 401K plans, while they effectively subsidize legacy defined benefits for veteran employees and retirees, why not adjust defined benefits down to a financially sustainable level and let everyone participate?"
|
| Next » |
|
Syntax Enhancements for Standard Searches
|