Creating Effective State-Sponsored Retirement Plans

By Gary Koenig, Vice President Financial Security and David John, Sr. Policy Advisor Financial Security State-sponsored retirement savings plans can help private-sector workers not covered by employer plans build financial security. How many workers? More than you might think. In 2013, about 55 million private-sector employees did not have access to a retirement plan at work, including more than 7 million in California, 2 million in Illinois, and about 1 million each in Indiana and Maryland. Research shows that middle-earners …

11 Things We Didn’t Know Last Week

News, discoveries and … fun 1. Making candy corn used to be back-breaking work. (Learn more at Slate) 2. Kanzi, a 33-year-old ape, can build a fire and roast marshmallows. (Learn more at GrindTV.com) >> Famous Child Stars — Where Are They Now? 3. Gladiators in the 2nd century consumed an “energy drink” of vinegar and ash. (Learn more at Discovery) 4. The coating on cash register receipts causes serious health problems. (Learn more at AARP)   5. Nearly 1 in …

Top 10 Unbelievable Excuses for Calling In Sick

The job-listing site CareerBuilder released its 2014 roundup of the year’s 10 most dubious excuses that bosses have heard from employees. It’s hard to believe, but here are the doozies your colleagues are dishing out when they call in sick:   I  just put a casserole in the oven.   My plastic surgery for enhancement purposes needed some “tweaking” to get it just right.   I was sitting on the toilet for so long that my feet and legs fell …

Bloomberg Gives Shout-Out to Older Workers

Michael Bloomberg, founder of the financial services company Bloomberg LP and former mayor of New York City, says younger people worry about hiring older workers. They come up with a lot of excuses, like older workers are “old school” or “won’t fit in with the culture,” but the bottom line is they don’t want older employees, Bloomberg said at a panel in New York today. >> 10 Growing Job Fields Kudos to Bloomberg for calling this out. Not only is this, er, …

University President Takes Salary Cut to Help Minimum-Wage Workers

Raymond Burse believes in spreading the wealth. The interim president of Kentucky State University is giving up more than $90,000 of his annual salary to boost pay for the school’s minimum-wage employees. “This is not a publicity stunt,” Burse told the Lexington Herald-Leader. “You don’t give up $90,000 for publicity. I did this for the people. This is something I’ve been thinking about from the very beginning.” Thanks to Burse’s generosity, lower-paid workers will immediately see more money in their …

Who Is Taking Early Social Security Benefits?

Financial planners have been advising us to wait as long as possible to collect Social Security to maximize the benefit. A new study finds that many middle-income workers haven’t heeded that call. They were more likely than higher earners to claim their benefit early and live on a permanently reduced payout for the rest of their lives. According to a Government Accountability Office (GAO) study, workers took their benefit early for a variety of reasons: They didn’t expect to live …