CSR | Legislative Activity
Articles for category Retirement

Sacramento area seniors told of possible budget cuts

Posted Apr 08, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Sacramento Bee

Published Friday, Apr. 08, 2011

Executives from the Area 4 Agency on Aging – which funnels more than $6 million in federal grants each year to a host of seniors' nutrition, health and social programs in a seven-county area including Sacramento – warned elder advocates this week to expect significant funding reductions to programs for older adults.

"We're entering the great unknown," said Area 4 Agency on Aging executive director Deanna Lea. "We need a disaster plan, just in case."

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CalPERS to seek legislation to bar gifts to public employees

Posted Mar 16, 2011 by newspaper editor    1 Comment(s)  5 Likes Like Dislike

Shaken by a report alleging wrongdoing by former top officials, directors of the California Public Employees' Retirement System voted to push for legislation curtailing gift-giving to public employees and limiting board members and executives from going to work for companies doing business with the pension fund. [Read More...]

GOP in California tax talks

Posted Mar 03, 2011 by newspaper editor    0 Comment(s)  2 Likes Like Dislike

In what could become a turning point in Gov. Jerry Brown's effort to close California's $26.6 billion deficit, a group of Republican state senators may support the Democratic governor's plan to ask voters for extended tax increases, in exchange for concessions, people familiar with the matter said. [Read More...]

Zero Cost-of-Living Adjustment to Impact Most Vulnerable Older Adults

Posted Oct 15, 2010 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

WASHINGTON, Oct. 15 /PRNewswire-USNewswire/ -- The release of today's zero cost-of-living adjustment (COLA) by the Social Security Administration (SSA) presents yet another daunting challenge for millions of older adults who are still struggling to make ends meet in today's economy.

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Seniors brace for 2nd year with no Social Security increase

Posted Oct 11, 2010 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

BOCA RATON, Fla. (AP) — Seniors prepared to cut back on everything from food to charitable donations to whiskey as word spread Monday that they will have to wait until at least 2012 to see their Social Security checks increase.

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Pension rollbacks part of proposed California budget

Posted Oct 08, 2010 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

State workers hired in mid-November and later will have to wait longer to get their pensions – and those pensions will be smaller – under terms of the budget bill lawmakers plan to vote on today.

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California Legislature heads toward passage of a budget

Posted Oct 08, 2010 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

On the 99th night of the fiscal year, California lawmakers were still debating late Thursday whether to pass a budget, already the latest spending plan in state history.

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SEIU, Schwarzenegger agree to labor pact with pension concessions

Posted Oct 07, 2010 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The Schwarzenegger administration and Service Employees International Union Local 1000 have just announced a tentative labor agreement that includes higher employee contributions to their retirement plans and rolls back pension formulas for new hires to pre-1999 levels.

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