April, 2013

08
Apr
2013

Obama seeks deal, proposes cuts to Social Security

Categories: Legislative Updates,National Developments

According to a recent Sacramento Bee article by Jim Kuhnhenn and Andrew Taylor, Obama’s potential 2014 budget could decrease Social Security benefits up to $1,000/year. Read the article here.

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05
Apr
2013

Legislative Alert-April 2013

Categories: California Developments,Legislative Updates

The CalPERS board has tentatively approved an employer contribution rate raise of approximately 50% over the next half dozen years, replacing a smoothing policy that kept rates low during the recession with a plan to reach full funding in 30 years. At the March 19, 2013, meeting CalPERS staff provided the Board a report

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