When Sam Semilia toted up his retirement finances, he was pretty sure that he was due a pension from his time working as a steam engineer for the Diamond Crystal salt company four decades before. Salty is one way to describe the search for his money, a four-year odyssey filled with shredded paper trails and assorted dead ends, along with a brief history of modern American capitalism.Read More
Tennessee’s state pension system made money for the 12th consecutive year, earning a 25.6% return last fiscal year; the fourth-highest rate since the Tennessee Consolidated Retirement System (TCRS) was consolidated in 1972.
The state continues to have one of the healthiest pension systems in the country, according to Pew Charitable Trusts research.Read More
A committee established this year to examine retirement security for Georgians focused on public servants’ retirement needs in a hearing Thursday, particularly those of law-enforcement officers strained by heightened crime and a hostile media.
Members of the Senate Retirement Security for Georgians Study Committee examined pension reform—specifically the potential shifting from the current 401(k) system to an entirely defined-benefit plan for state law-enforcers—to attract and retain more personnel.Read More
Sens. Rob Portman (R-OH) and Sherrod Brown (D-OH) have introduced a bipartisan bill aimed at giving Ohio workers and retirees a seat at the table when it comes to solving the nation’s looming pension crisis. As The Ohio Star previously reported, an estimated six million retirees and four million workers…Read More