Archive for the ‘government’ Category

NJ-Mandated Retirement Plan

Among the pieces of information doled out at the last ASPPA conference:

States (first Oregon, then CA, and 8 others) are setting up their own plans and forcing companies to be in it if they don’t have their own plans. This is good for us in that companies do not want to give their money to states (especially in CA and NJ) so they set up their own plans that need to administered by us.

This is supposed to become reality in New Jersey next month so here are some details.

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State Retirement Plan Mandates

Forcing employers to set up retirement plans for their employees through the state is supposed to be a major incentive for those companies who do not have plans but do not want to give their money to states to manage (especially in CA and NJ) to set up their own plans which, as mentioned at the last ASPPA conference, would be a boon for 401(k) TPAs.

Vestwell has a summary of which states are mandating. Here is the New Jersey law:

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The History of Democracy Has Yet To Be Written

Thomas Geoghegan is a union-side labor lawyer who once ran for a House seat in Illinois and sees the Senate as the barrier to governing for the people in his book which also puts forth the novel notion that the demise of defined-benefit pension plans led to the ascension of Trump, with more to come.

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In the Same Breath

Dysfunctional government designed to benefit party members is not unique to China. I am chronicling a particularly odious example in Kenilworth on the countywatchers blog but I won’t trouble you with that here.

More relevant is what this documentary shows us being fed by governments and experts last year. Remember?

Where not to look and someone we are sadly without who would have certainly looked.

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Surviving Autocracy

A Trump-bashing book from early 2020 but I found local parallels from late last month.

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The Premonition: A Pandemic Story (III)

Labeled a non-fiction thriller that pitted a group of medical visionaries against our government.

Another members of Joe’s small public-health team, David Dynerman, also a mathematician, arrived with a different perspective. He’d been born in Poland and moved to the United States as a child. He had memories of Poland as a communist regime, and of the total breakdown of the government’s ability to be useful to its citizens. What he saw in the local U.S. public-health offices reminded hi8m of public services in Poland, but before the collapse of communism. “Poland now is not like this,” said David, after seeing the inside of a U.S. public-health office. “Poland now is more functional. Eastern Europeans are tough and kind of not shocke4d by a failed state. But these are the symptoms of a fai8led state.” (page 255)

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The Premonition: A Pandemic Story (II)

Labeled a non-fiction thriller that pitted a group of medical visionaries against our government.

“It’s often individuals who pick up the baton, and they’re not even doing it as part of their day job description.” (page 157) Joe DeRisi

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The Premonition: A Pandemic Story (I)

Labeled a non-fiction thriller that pitted a group of medical visionaries against our government.

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Who’s Building the Kenilworth Tenement? (II) The Rollout

New Jersey (the state with, by far, the highest property taxes in the nation) decrees that municipalities provide ‘affordable’ housing even though it is government decrees that are primarily responsible for making housing unaffordable. Kenilworth’s plan was the subject of some spirited discussion in a divided council:

Here is the town planner explaining the situation and decreeing what is to to be done.

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Who’s Building the Kenilworth Tenement? (I) The Letter

That’s the first question I had after I read a ‘Dear Kenilworth Resident’ scare letter that came last week warning that if some project does not go through “the Court will also decide where else in the Borough other affordable housing projects should be located, rather than allowing the Borough to make such critical decisions on its own.”

Apparently a lot of the decision-making power has already been ceded to whomever drafted that letter which got me curious as to what is behind this:

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