During the congressional recess, House leaders are reportedly continuing efforts to bridge Republican disagreements over a proposed budget resolution that follows a bipartisan deal last fall to loosen spending caps by $30 billion for Fiscal 2017. Some House Republicans want…
A new study warns of an international “retirement crisis” with many pension and savings programs unfunded or underfunded in both the public and private sectors. “Social Security systems, national pension plans, private sector pensions, and individual retirement accounts are unfunded…
The Centers for Medicare and Medicare Services (CMS) released a report last week on increased prescription drug spending in the United States with projections for such spending to grow more quickly than overall health care spending. Later CMS announced new…
Future entitlement reforms will likely increase the importance of many workers’ personal savings for retirement. And as the Government Accountability Office (GAO) indicates in a new report, workers deciding how much to save should carefully consider their probable “replacement rates”…
