Christopher Ailman:I always said I’d come back to Sacramento for one of two jobs: California Public Employees’ Retirement System [CalPERS] or CalSTRS, because they are meaningful to me. My sister, sister-in-law, and now my daughter are all teachers...
Public employee pension plans tend to be more generous than private ones. Whereas many pensions use 1% in their formulas, the nation’s largest pension plan, the California Public Employees’ Retirement System (CalPERS), pays 2% in many instances.2In that case, if an employee had 35 years o...
The “alignment” of financial portfolios with given sustainable targets—buying and holding green assets, and selling brown assets—is often equated with impact. Indeed, this logic is fundamental to the European Union (EU) Sustainable Finance Taxonomy and Sustainable Finance Action Plan (see Kahlenbo...
His state pension is $112,000 per year, CalPERS records show.Although all state employees benefited from SB 400, none hit the jackpot quite like the 6,500 sworn officers then on the California Highway Patrol. Previously, their pensions had been calculated by multiplying 2% of their salary ...
If you've got a pension, count yourself as one of the lucky ones. A pension is more valuable than you realize. With a pension, you won't be forced tolower your safe withdrawal ratein retirement like those of use who don't have pensions. This post will help you calculate the value ...
North Carolina requires all its state employees and teachers to pay 6 percent of each paycheck into a retirement fund over the course of their employment with the state. If you're a North Carolina employee and you leave your post, voluntarily or otherwise, you may withdraw your contributions,...
As Will Rogers noted, “The returnofyour money is more important than the returnonyour money.” However, the long-term return of a properly structured dividend-paying Bank On Yourself-type policy is nothing to sneeze at. To prove our point, we invited one of theBank On Yourself Professional...
Christopher Ailman:I always said I’d come back to Sacramento for one of two jobs: California Public Employees’ Retirement System [CalPERS] or CalSTRS, because they are meaningful to me. My sister, sister-in-law, and now my daughter are all teachers, so I hav...