Julia Felton And Zachary Gibson
Sunday, July 18, 2021 12:01 a.m.
| Sunday, July 18, 2021 12:01 a.m.
Louis B. Ruediger | Tribune-Review
Julia Felton | Tribune-Review
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Some mourn the loss of jobs. Others celebrate the demise of a coal-burning plant and related environmental concerns.
All acknowledge their Alle-Kiski Valley communities surrounding the Cheswick Generating Station will be forever changed.
The station, which is Allegheny County’s last coal-fired power plant, is scheduled to close permanently in mid-September. More than 50 people will lose their jobs.
Gunner Gaschler, who works as a supervisor at Beer & Beyond a few blocks from the plant, said he sees workers from the site stopping in the store about five days per week. He’s concerned businesses like his will lose revenue without those workers patronizing Springdale businesses.
Northwest Angle remains cut off from tourism, traffic as US-Canada border closure drags on
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Northwest Angle remains cut off from tourism, traffic as US-Canada border closure drags on
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Northwest Angle remains cut off from tourism, traffic as U S -Canada border closure drags on
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The Benefits of Stable Value Funds for Plan Participants
Stable value is touted as helping near-retirees manage sequence risk, should they have the misfortune of retiring into a downturn, but these investments offer advantages for participants of all ages.
Reported by
If plan sponsors are looking for reassurance that stable value investments are beneficial to retirement plan participants, they need look no further than the Stable Value Investment Association (SVIA)’s fourth quarter 2020 survey, which found that assets in these vehicles rose 12% throughout the year to $906 billion, to now comprise 10% of all defined contribution (DC) plan assets.
Even though the market rebounded last year after a sharp drop-off, participants reacted differently to that decline, with many moving to the safety of stable value, notes Gina Mitchell, president of the SVIA.