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New state-run IRA for private sector opens July 1: ” If they don’t opt out in 30 days, they are automatically enrolled”

New state-run IRA for private sector opens July 1: ” If they don’t opt out in 30 days, they are automatically enrolled”

      By Ed Mendel  ” If they don’t opt out in 30 days, they are automatically enrolled” A new state workplace retirement savings program, CalSavers, will open to an estimated 250,00 to 300,000 employers on July 1 — offering an automatic IRA payroll deduction for the 7.5 million California workers with no retirement […]

Ruling on pension bonuses shows obstacles to CA reform

Ruling on pension bonuses shows obstacles to CA reform

By Chris Reed . Providing bonus checks to government retirees when pension funds have good years has long been common and controversial around California. Now an appellate court has ruled this policy is a vested benefit that can’t be ended by formal action of government officials or as part of a voter-approved pension reform measure. It’s […]

Brown plan to eliminate retiree health care debt

Brown plan to eliminate retiree health care debt

Watsonville, California – Another Tax That’s Really Just For Pensions

Watsonville, California – Another Tax That’s Really Just For Pensions

Editor’s Note: Public pensions are a growing problem all over the state of California By Ed Ring The city of Watsonville lies nestled among some of the most verdant farmland on earth. Just a few miles inland from the Pacific Ocean, the moderate, moist air nurtures endless fields of strawberries, apples, fresh flowers, cauliflower, broccoli and […]