News

Welcome Centreville Police Pension Fund to IPPFA
Source: IPPFA

Welcome Centreville Police Pension Fund to IPPFA.

 

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37 States That Don’t Tax Social Security Benefits
Source: The Motley Fool

Although the IRS imposes income tax on the Social Security benefits of certain senior citizens, the majority of states don’t. In fact, only 13 states tax Social Security benefits, and many of these have more generous income thresholds than the IRS.

Here’s a list of the states that won’t touch your Social Security benefits, and where this information fits into the overall picture of a state’s tax-friendliness.

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The Impact of Raising Children on Retirement Security
Source: The Center for Retirement Research

The brief’s key findings are:

  • The cost of raising children could make it harder for parents to save for retirement.
  • On the other hand, if parents offset child-rearing expenses by spending less on themselves, they could still end up well prepared in retirement.
  • The analysis uses the National Retirement Risk Index to look at what impact children actually have on retirement preparedness.
  • The results show that children reduce household wealth and moderately increase the likelihood of retirement risk for older working households.

 

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They’re called Save Our Pensions. Here’s why many Kentucky retirees don’t trust them
Source: Lexington Herald Leader

It took less than 24 hours after a government-paid consultant offered radical recommendations to fix Kentucky’s ailing pension systems for a shadowy group called Save Our Pensions to launch its first online video ad.

The ad, like the recommendations, was drab and drastic, threatening millions in cuts to education and health care if the legislature does not solve the pension crisis, presumably by slashing pension benefits for public workers and retirees.

“Save our pensions,” the ad concluded. “Save education and health care. Urge your representative and senator to support pension reform.”

It’s the “our” in Save Our Pensions that some government workers and retirees take issue with.

Read more here: http://www.kentucky.com/news/politics-government/article172850171.html#storylink=cpy

 

 

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Bailey Childers talks about the retirement crisis in the U.S.
Source: Leavenworth Times

 

Bailey Childers is executive director of the National Public Pension Coalition. In this Quick 5 interview, she talks about the retirement crisis in the U.S.

1. Bailey, the National Public Pension Coalition recently released a report titled Why Pensions Matter. What did the report examine and what were some of the findings?
The report looks at the long history of public pensions in the United States from their origins in the late 19th century up through the present day. Public pensions have provided a reliable source of retirement security for teachers, firefighters, and other public employees for more than a century. Unfortunately, the shift to 401(k) retirement plans in the private sector over the past 30 years has been detrimental to most working families. It is becoming increasingly clear that 401(k)s have failed to meet the retirement income needs of most working people. This, coupled with nearly half of working Americans receiving no retirement plan through work has left us with a retirement security crisis in America.

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Danielle DiMartino Booth to be a Keynote Speaker at the 2017 IPPFA MidAmerican Pension Conference
Source: IPPFA

Danielle DiMartino Booth to be a Keynote Speaker at the 2017 IPPFA MidAmerican Pension Conference.

Danielle DiMartino Booth is a global thought leader on monetary policy and economics. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017). FED UP, which rose to #22 on Amazon’s Best Seller List, is currently in its fifth production run.

DiMartino Booth founded Money Strong LLC in 2015. Through her economic consultancy, she has published a weekly newsletter for 132 consecutive weeks. Aside from her vast direct distribution network, more than 100,000 readers enjoy her newsletter on a weekly basis via Linked In, Seeking Alpha, Nasdaq, Talk Markets and dozens of other websites.

DiMartino Booth is also a full-time columnist for Bloomberg View, a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Bloomberg Radio, Fox News, Fox Business News and other major media outlets. DiMartino Booth recently accepted a position as Senior Economic Advisor for Commerce Street Capital.

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Public Pensions Are a Good Deal for Taxpayers
Source: NCPERS

Public pensions are beneficial to taxpayers in a variety of ways that are both under-reported and poorly understood by many observers. In the quest for simple answers to complex questions about public pensions, facile observers routinely overlook salient facts. For example, taxpayers get public services from dedicated nurses, firefighters, teachers, and police officers and pay only 20 cents on the dollar for their retirement benefits. The rest of the money comes from investment earnings and employee contributions. Taxpayers benefit from $3.7 trillion of pension fund assets invested in our economy, providing capital for established businesses and start-ups. Additionally, taxpayers benefit because retirees typically spend their pension checks locally, creating new jobs. Above all, tax revenues created through retiree spending and pension investments may exceed what taxpayers pay into public pensions.

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Tax Information for Members of the Military
Source: IRS

This page provides tax information for current and former military personnel who served in the United States armed forces, uniform services, and under limited circumstances, support organizations.

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Curious Behaviors That Can Ruin Your Retirement
Source: Center for Retirement Research

Curious Behaviors That Can Ruin Your Retirement is an interactive program on behavioral impediments to retirement planning. A host leads users through exercises designed to create an “Aha!” moment as they relate to the behaviors. The host then explains how the behavior can hinder retirement planning and how to cope with it. Users can then go to a “Learn More” page with additional information in various media formats.

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Understanding the Cyber Threat
Source: AT&T & NCSA

 

AT&T and the National Cyber Security Alliance are leading a long-term strategy to increase cybersecurity awareness among elected officials. As part of that effort, we commissioned the Governing Institute—an organization that helps public sector leaders govern more effectively through research, decision support and executive education—to survey 103 state legislators and their staff to understand how lawmakers view their role in this critical issue. The results, published at www.governing.com/cyberfindings, show that awareness is growing. A vast majority of respondents said protecting state computer networks is a priority. But the findings also indicate awareness isn’t necessarily turning into action, at least not yet.

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