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Home   About   Member Services   Chapters   Professional Development   Publications May. 1, 2012
Pension plans launch $20 billion infrastructure fund
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One of Canada's largest pension plans teamed up with Japan's pension funds and some of its major conglomerates to help raise $20 billion for the world's largest infrastructure fund to invest in assets such as roads and airports. More

In tough times, municipalities turn to volunteers to get the job done
Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Although the evidence is largely anecdotal, local governments around the country are turning to volunteers to conduct official business, according to a report by the National League of Cities. But some officials say the free labor comes with a price. More

Chicago OKs private investment for infrastructure
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A controversial plan to tap private investment to rebuild Chicago's infrastructure, part of a larger spending plan for $7.2 billion, won approval from the city council in a 41-7 vote. Mayor Rahm Emanuel pushed the Chicago Infrastructure Trust as a way to pay for projects without the tax increases that would be required if the city pursued traditional financing methods such as the issuance of general obligation bonds. More

Ingredients to Smart Retirement Savings

Understanding three investing concepts may reduce risk in your portfolio while helping you reach your retirement savings goals. Spreading your money among different investments, diversifying your investments, and reviewing and rebalancing your investments at least once a year may help you to reach your retirement goals. Read More

Half of new graduates are jobless or underemployed
The Associated Press via Yahoo Finance    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge. Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs — waiter or waitress, bartender, retail clerk or receptionist, for example — and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans. More

Opinion: Public employees should pay half their pension costs
Daily News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
California's fiscal issues are as complex as they are plentiful. Solutions are elusive and often painful. But there is a fix that will make resources available at every level of state and local government. The governor put it together, and Republicans said they wouldn't change a word. The most impactful provision of the governor's pension reform plan would require state and local government employees to pay half the cost of their retirement plans — not unlike those who are fortunate to work for private companies that match their employees' 401(k) contributions. More

Workplace wellness programs help bottom line by changing corporate culture
Sacramento Press    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As a result of rising health care costs, more companies today are instituting workplace wellness programs. By changing corporate culture, such programs create greater productivity and lower costs through decreased absenteeism. More

A new generation in the workplace
The Miami Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Overwhelmed with school exams, Tiffany Fernandez picked up her cellphone and did what any teen might do to let her boss know she can't make it to work — she sent a text message. More

New generation of wood high-rises set to take shape
Journal Of Commerce    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A new generation of high-rise commercial and institutional wood buildings are planned for British Columbia in the next couple of years. The buildings will feature engineered wood products, such as cross laminated timber, laminated veneer lumber and laminated strand lumber. More
NFBPA Weekly News Brief
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