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finance

Federation pension fund struggles

A retirement plan run by The Jewish Federation of Greater Los Angeles is more than $25 million underfunded, according to financial statements filed in October. The statements say the pension fund, which holds savings for more than 2,000 employees working for eight different Jewish-affiliated organizations, hold assets equivalent to only 76.1 percent of its projected liabilities. Because that number is below 80 percent, the Internal Revenue Service considers the fund in “endangered status” or a “yellow zone.”

Private Bank of California: It’s not just about the money

The signs of Richard Smith’s success precede him: His 25th-floor office on Santa Monica Boulevard overlooks Los Angeles Country Club’s golf greens to the north and the spread of the city’s business districts to the south.

Relationship advice: Marry young

I know the arguments that people give for delaying marriage: “I’m not ready.” “I need to be financially secure first.” “Right now, I’m preoccupied with ____” (fill in the blank).

Desalination, Israeli-style

The subsidiary of an Israeli company has been selected to design the largest seawater-desalination plant in the Western Hemisphere. Located in northern San Diego County, the plant will be designed and operated by IDE Americas, part of IDE Technologies, headquartered in Kadima.

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More news and opinions than at a Shabbat dinner, right in your inbox.

More news and opinions than at a Shabbat dinner, right in your inbox.