21 city workers take early retirement deal
Twenty-one city employees – including 12 firefighters and four police officers, some of them high-ranking – have opted to take Mayor Josh Cohen’s enhanced early retirement offer, saving the city about .8 million and preventing another round of layoffs.
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Overcoming the Saving Slump: How to Increase the Effectiveness of Financial Education and Saving Programs

The great majority of working Americans are unprepared to face the difficult task of planning for retirement. In fact, the personal savings rate has been holding steady at zero for several years, down from 8 percent in the mid-1980s. Overcoming the Saving Slump explores the many challenges facing workers in the transition from a traditional defined benefit pension system to one that requires more individual responsibility, analyzing the considerable impediments to saving and evaluating financial literacy programs devised by employers and the government. Mapping the changing landscape of pensions and the rise of defined contribution plans, Annamaria Lusardi and others investigate new methods for stimulating saving and promoting financial education drawing on the experience of the United States as well as countries that have privatized their welfare systems, including Sweden and Chile.  This timely volume pinpoints where human resources departments, the financial industry, and governme

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San Bernardino eyes pension savings
SAN BERNARDINO – City Hall’s long-range plan to halt growing deficits includes negotiations aimed at whittling away at the retirement benefits that could be owed to future employees.
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