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| | | ... in market assets. It provides retirement benefits to more than 1.6 million State, school and local public employees, retirees and their families. |
| | | | ... active groups is our retired members who are increasingly checking their super information online. "This time last year, retirees generally adopted a 'head in the sand' approach, preferring not to know what was happening during the period of extreme ... |
| | | | ... pensions with facts, including the average CalPERS pension is about $25,000 per year, among others. "Half of CalPERS retirees receive $16,000 per year or less in benefits. Unlike the private sector, many CalPERS members do not receive Social Security ... |
| | | | ... to deal with someone in person when discussing their retirement savings. "Retirement is not just about superannuation. Retirees also need to consider whether they need to restructure their banking so it makes sense for their changing lifestyles while ... |
| | | | ... tackle longevity risk. This trend is also being felt in financial planning offices. "[Of those surveyed], 83 per cent of retirees want a steady income in retirement and 72 per cent want protection from the downside, with a stable income stream," said ... |
| | | | ... general fund budget problems to jeopardise the financial soundness of CalPERS or the benefits that we are obligated to pay retirees. "Further, the furlough is inhibiting our ability to provide services to our members and to meet our contractual responsibilities ... |
| | | | ... it as a market that has been hit quite hard and being undervalued. Historically, we've got a lot of investors who are retirees and like having the income being paid out to them quarterly. She said the group's entire ETF suite enjoyed an increase in fund ... |
| | | | ... return above 13 per cent, down from just above 14 per cent over the past year. Compare this to Gen X, baby boomers and retirees who have all downgraded their expectations to single digit returns. However, while Gen Y expectations remain high, the average ... |
| | | | ... revisit the idea of hiring junior financial planners to boost numbers because the bank's customer base is pre and post retirees that require sophisticated advice and prefer experienced financial planners. "We're looking for planners with a minimum of ... |
| | | | ... hot demand in the future, such as lifetime annuities, are in short supply - but not for long. Today the peak body for retirees, National Seniors Australia, welcomed news that the Henry review will look at new income products, such as Government lifetime ... |
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