News You Should Know: PERA Could Benefit from Public Safety Law

How PERA Could Be the Big Winner of Colorado’s Police Funding Deal | The Colorado Sun

One of the PERA-related bills that lawmakers passed during the recently concluded legislative session uses a unique funding mechanism for the voter-approved Proposition 130, which creates a fund to support public safety in Colorado. Under the bill, the State will give PERA a lump sum of $500 million and then may reduce its annual payments to PERA in future years based on our investment earnings, until the public safety fund reaches a total of $350 million.

Social Security Says over 2.5 million Retroactive Payments Have Been Processed. Here’s What to Know. | CBS News

The Social Security Administration says it has processed the majority of retroactive payments due to beneficiaries who had previously been affected by the Windfall Elimination Provision (WEP) and/or Government Pension Offset (GPO). The agency said that while affected individuals should have received their retroactive payments by the end of March and their updated benefit amounts in April, more complicated cases that require manual processing will take more time.

Medicare seeks lower prices for drugs, including Ozempic : Shots – Health News : NPR

The Centers for Medicare and Medicaid Services has begun its second round of price negotiations with prescription drug manufacturers. The agency is targeting 15 drugs for lower prices, including popular weight-loss medications Ozempic and Wegovy. Any lower prices would go into effect in 2027.

Retired? Here’s 5 Reasons You Still Need an Emergency Fund—Plus How Much It Should Cover | Investopedia

If you’re retired, you may be thinking more about withdrawals from your savings rather than stashing away extra cash, but experts say it’s important to keep saving. Unexpected expenses such as medical bills, home repairs, and other emergencies can wreak havoc on any budget and especially for someone on a fixed income.

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News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.