Retirement insights from a Colorado PERA perspective

News You Should Know

News You Should Know: Will Private Sector Pensions Make a Comeback?

Book with title Defined Benefit Plan
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Could Defined-Benefit Pension Plans Make a Comeback? | Morningstar

Decades ago, it was much more common for workers in the private sector to have access to defined benefit retirement plans. Today, they’re largely only available to public employees. However, some experts say the time is right to consider reopening some of those closed or frozen plans, especially as companies struggle to hire and retain employees.

Biden Issues His First Veto on Retirement Investment Resolution | CNN Politics

President Joe Biden issued the first veto of his presidency this month, vetoing a congressional resolution that would have overturned a Department of Labor rule allowing — but not requiring — retirement plans to consider financially relevant environmental, social, and governance (ESG) factors in their investment decisions. Click here to read about PERA’s integrative approach to investment stewardship and ESG

Consumer Confidence is Up Despite Current Bank Troubles — Will It Last? | Marketplace

Recent turmoil in the banking industry, rising interest rates and other financial issues haven’t had much effect on personal spending so far. But there are some signs that that could soon change, with recent polling showing some declines in consumer sentiment about the economy.

100-Year-Old Sisters Share 5 Top Tips for Leading a Long, Happy Life | CNBC

Shirley Hodes and Ruth Sweedler are 106 and 103, respectively, and still going strong. What are the key ingredients for living so long? There’s no secret sauce here, but some simple reminders about living a healthy life.

News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.

StewardshipThe practice of overseeing or managing something entrusted to one’s care. PERA’s approach to investment stewardship is focused on ensuring the financial sustainability of the fund that pays benefits to retirees and beneficiaries.EsgAcronym for environmental, social, and corporate governance factors that can be used when making investment decisions.EsgAcronym for environmental, social, and corporate governance factors that can be used when making investment decisions.Defined benefitAlso known as a pension, this is a type of pooled retirement plan in which the plan promises to pay a lifetime benefit to the employee at retirement. The plan manages investments on behalf of members, and the retirement benefit is based on factors such as age at retirement, years of employment and salary history.

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