Sacramento Bee: Saying it offers the promise of retirement security for millions of Californians, Gov. Jerry Brown signed sweeping legislation Thursday that creates a state-managed savings program for private-sector workers who lack one.
San Jose Mercury News: There was a time, not long ago, that I thought retirement was meant only for bosses with big corner offices. As a single mom who utilized our amazing social service safety net, my life was very much paycheck-to-paycheck.
New York Times: Starting in 2020, the numbers of very low-income elderly will rise sharply as the retired population soars to almost 56 million. More middle-class working Americans will be poor or near poor after they reach the age of 65.
Pensacola News Journal: much has changed in the way people save for retirement. Employers have shifted much of the burden to employees. Defined benefit pension plans, which covered nearly 40 percent of workers in 1975, now cover just 18 percent.
The Hill: Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) are teaming up on a bill that would hand Social Security recipients a $580 check and pay for it by trimming tax perks for corporate executives.