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Finance Retirement News
CAPPS Law Puts Retirement at Risk PDF Print E-mail
Written by TruthWarrior   
Friday, 13 January 2012 18:08

The Feds began enforcing some of the provisions in "Capps' Law" starting Jan. 1, 2011. Other provisions go into effect in 2013 and 2014.

CAPPS Law Puts Retirement at Risk
In brief "Capps' Law" is a collection of seemingly small but dangerous retirement provisions.
Experts say you may have to diverge over 8.2% per year. Another provision gives the Federal government the authority to control how much you spend on cancer or heart treatment and the medications you can use.

Read Full Story: CAPPS Law Puts Retirement at Risk

Last Updated on Friday, 03 February 2012 21:38
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Unfunded Pensions in California PDF Print E-mail
Written by Chriss W. Street   
Wednesday, 24 August 2011 13:45

California Admits to Almost $1 Trillion in Unfunded Pension Obligations

by Chriss W. Street

The three largest California public retiree plans (CalPERS, CalSTRS, and UCRS) that administer pensions of approximately 2.6 million State and Local public current and retired employees have been under tremendous scrutiny since last year’s release of the Stanford University Institute for Public Policy report: “Going For Broke”. The study concluded that California retirement plans liability was under-funded by over $500 billion.

California has about $1 Trillion in unfunded pensions

Unfunded Pension Obligations in California

Last Updated on Wednesday, 24 August 2011 14:02
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White House Conceals Plan to Cut Social Security PDF Print E-mail
Written by Congressman Kucinich   
Thursday, 28 July 2011 09:50

White House Now Conceals Plan to Cut Social Security

Washington, Jul 26 -2011

Congressman Dennis Kucinich (D-OH) today released the following statement:

Friday, the President told the nation that he offered a plan that would cut $650 billion from Medicare, Medicaid and Social Security. In his address to the nation, the President didn’t want to ‘bore’ Americans with the details of his plan but threatened that Congress must accept a deal on the debt ceiling or seniors face the possibility that Social Security checks won’t go out.

“Curiously, the President didn’t explain in his primetime address to the nation that ‘the deal’ he has been advocating cuts Social Security benefits and pushes back the retirement age. These changes

Last Updated on Thursday, 28 July 2011 10:00
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Pray for Retirement Baby Boomers PDF Print E-mail
Thursday, 13 January 2011 12:03

In the United States, the population is clearly aging. According to a 2006 report on demographics from the United States Congress, by 2025 18% of the population will be over 65 years old, versus 12% in 2000. Click for World Statistics 12% would be 37,420,890 and 18% would be 56,131,335 with only the current US population (at the time of this publication on 1/13/11) at a staggering 311,840,750

Staggering numbers which play a hugge role in our economy.

Last Updated on Tuesday, 25 January 2011 11:05
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