Washington state excels at all three key factors in running a cost-effective, well-managed pension program: benefits are modest and predictable; contributions are shared and well-funded; and investment performance is excellent.
Washington state excels at all three key factors in running a cost-effective, well-managed pension program: benefits are modest and predictable; contributions are shared and well-funded; and investment performance is excellent.
We elect our state legislators with the hope that they will look out for the public. So it always is sort of a shock when legislators work to undermine government services which work best for people. It as if they…
Private sector workers in California without a workplace retirement plan are one step closer to being able to save through their employer. As you may remember from a post last month, the California legislature was considering legislation that would provide…
Eight years ago, while thousands of corporations were shutting down their retirement plans, the United Methodist Church decided to go back to the future. The Methodists took a lesson from their faith. The Methodist Book of Discipline guides the church…
What makes an economy grow? Don’t forget to add retirees to the list – especially those who have pensions. Business start-ups, a prosperous middle class, high-quality schools, and good infrastructure come to mind as engines of economic growth. But Washington’s…
As “Dean Vedder” would sing it (with apologies to Eddie): Freezin’ pension contributions hurts your long-run, again Oh, feelin’ maybe we’ll see a little better, P&E rate, ooh yeah Oh, maxin’ contributions makes too hard on your seniors, ah Oh,…
From the Everett Herald: Are you saving for your retirement? If you are working, you are. You put 4.1 percent of your paycheck into Social Security, through the FICA tax. Now consider if we had no Social Security. The vast…
By Tatsuko Go Hollo, EOI Intern It’s no secret that women are paid less than men across many industries. It’s also been well-documented that women are much more likely than men to work part-time. Unfortunately, employees who work part-time are…
From Public Pensions in Washington State: As of 2008, 31% of all private sector workers participated in a defined contribution (401k-style) retirement plan at their workplace, 3% in pension plans and 12% were enrolled in both. 54% of all private…
From Public Pensions in Washington State: Pensions enable retirees to live out their older years in dignity. In the United States, an employer-provided retirement plan has long been considered an essential complement to Social Security and personal savings to ensure…
