Tag: Welfare/Social Services

Public-pension funding hits highest since 2007, powered by market returns

Public-pension funding surged in 2021 thanks to buoyant financial markets, taking funding levels to the highest in over a decade. As of June 30, 2021, the aggregate funded ratio of the 100 largest U.S. public pension plans is estimated at 85%, according to the 2021 Public Pension Funding Study from Milliman, an actuarial company, marking […]

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Jobless claims fall below 300,000 for first time since pandemic. Businesses shun layoffs amid labor shortage

The numbers: Just 293,000 people who recently lost their jobs applied for unemployment benefits in mid-October, pushing new U.S. jobless claims to a pandemic low amid a frantic effort by companies to hire more workers. New jobless claims sank by 36,000 in the seven days ended Oct. 9 from a revised 329,000 in the prior […]

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Opinion: When it comes to retirement security we’re…No. 17

Somehow shouting “We’re number 17!” just doesn’t have the right ring to it.  But that’s where the United States ranks—17th—in terms of retiree well-being. That’s according to the 2021 Global Retirement Index released by Natixis Investment Managers. The index provides a snapshot of the relative financial security of retirees in 44 countries in four key areas:  Material […]

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