Home » Posts tagged with » Ed Mendel

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 […]

CalSTRS makes early move on coal divestment

CalSTRS makes early move on coal divestment

The CalSTRS board directed its staff and consultants last week to evaluate the risk of investments in thermal coal companies, look jumping ahead of pending legislation that would require CalSTRS and CalPERS to divest thermal coal holdings. Republished with permission from: CalPensions.com Senate President Pro Tempore Kevin De Leon, D-Los Angeles, has a bill that […]

Brown plan to eliminate retiree health care debt

Brown plan to eliminate retiree health care debt

Pensions May Be Key to Stockton Bankruptcy Exit

Pensions May Be Key to Stockton Bankruptcy Exit

Bankrupt Stockton says it does not want to cut its biggest debt, pensions promised employees, because the CalPERS plan is needed to be competitive in the job market, particularly for a short-handed police force in the crime-ridden city. But despite Stockton’s wishes, during a hearing Oct. 1 on Stockton’s “plan of adjustment” to cut debt […]