Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts say
    • Sebi Approves Net Settlement for Mutual Funds to Boost Efficiency from April
    • Neo Group launches mutual fund business, focused on solutions-led investing and meaningful partner engagement
    • Some of the Year’s Hottest AI ETFs Just Had a Terrible Day
    • Carnelian’s maiden mutual fund NFO gets ₹632 crore; 21% applications for SIPs
    • Gold ETFs see strong inflows as investors turn to digital gold – Business News
    • 2026 Returns: 5 Equity Mutual Funds That Stand Out – Money Insights News
    • Crypto News Today: Bitcoin ETFs See Fresh Inflows, Polygon Rallies, Uniswap Hits New Milestone
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»Why first responders want to see WA diversify its long-term care fund investments
    Investments

    Why first responders want to see WA diversify its long-term care fund investments

    September 29, 2025


    (Getty Images)

    Every day, firefighters and nurses in Washington state help aging people and people with disabilities suffering injuries and illnesses that could have been easily avoided. Many calls to 911, visits to the emergency room, and hospital admissions are related to preventable falls, missed medications, or common infections.

    That’s because too many folks can’t afford long-term care. They need someone to help them at home, ensuring they can move around safely, assisting them with prescriptions, bathing, or meals. Health insurance and Medicare won’t pay for the expenses of a home care aide, modifications like grab bars, or assistance with meals or transportation. 

    According to a 2024 survey, nearly a third of Americans have no emergency savings at all, with 40% saying they would need to borrow money if faced with an unexpected expense greater than $1,000. Even middle-income families can’t afford the cost of long-term care.

    The impacts on women are even more acute. Women bear the brunt of the long-term care crisis as the ones most likely to leave careers or cut hours to care for an aging family member, setting them back financially and personally. When it comes time for their own long-term care, women can face discrimination by private insurance companies, which charge them up to 70% more than men for premiums.

    This November, Washington voters will consider Senate Joint Resolution 8201 to protect and grow Washington’s public long-term care fund dedicated to women, aging adults, and people with disabilities by allowing its investment in a balanced portfolio. By growing the state fund by billions more each year, this ballot measure will help keep premiums low and may even expand our long-term care benefits without costing taxpayers a penny.

    If measure 8201 passes, 100% of investment income from Washington’s long-term care fund will go to caring for aging adults and people with disabilities. The revenue created from these investments cannot be raided or spent on any other programs or services, and would be subject to increased transparency and reporting requirements, making the program more accountable to the public.

    This measure received bipartisan supermajority support in the state legislature with nearly every Republican and Democratic legislator voting in favor—128 for and just 16 against. It’s a rare day when both parties agree that something is so necessary that they come together to make it happen. Home health care aides, grocery workers, teachers, and organizations representing millions of people with pre-existing conditions, like the National MS Society, Lupus Foundation, and The ALS Association, are part of the broad coalition supporting measure 8201.

    The measure will enable our Washington State Investment Board to invest a portion of the long-term care benefit fund reserves into a diversified market-based investment portfolio, getting higher returns while reducing risk, while continuing to include investments in conservative government bonds and Treasury bills. 

    Based on the outstanding performance of the nonpartisan investment board, this change will bring the long-term care fund in line with the growth of many other state pension funds and other programs like pension and retirement benefits for firefighters, law enforcement officers, teachers, workers’ compensation, and unemployment insurance.

    The Washington State Investment Board has a renowned track record, averaging over an 8% annual return over the last 25 years. 

    According to an independent actuarial projection, even just a 1% boost in investment returns would mean $67 billion more for the long-term care fund over the next 50 years. 

    Whether you end up needing some form of long-term care or not, the ability to access and afford those services and support affects us all in some way. Frontline health care workers, like firefighter medics and nurses, know that having funds to cover the cost of help with daily activities is going to be a game-changer for both the people we serve and ourselves.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    AMERICAN CENTURY INVESTMENTS LAUNCHES EMERGING MARKETS INSIGHTS ETF

    November 5, 2026

    Gold Rock Investments: Merging AI-Driven Technical Analysis with Fundamental Macro Strategy in a Regulated Environment

    November 5, 2026

    Scottish Widows and Aberdeen Investments launch pension fund investing direct in science and tech firms

    November 2, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts say

    November 6, 2026

    Some of the Year’s Hottest AI ETFs Just Had a Terrible Day

    November 5, 2026

    GAIOX – American Funds Growth and Income Portfolio Class A NAV & Performance

    August 9, 2026

    Gold ETFs see strong inflows as investors turn to digital gold – Business News

    November 5, 2026
    Don't Miss
    Mutual Funds

    Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts say

    November 6, 2026

    According to an ET report, the Securities and Exchange Board of India (SEBI) has reportedly…

    Sebi Approves Net Settlement for Mutual Funds to Boost Efficiency from April

    November 5, 2026

    Neo Group launches mutual fund business, focused on solutions-led investing and meaningful partner engagement

    November 5, 2026

    Some of the Year’s Hottest AI ETFs Just Had a Terrible Day

    November 5, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Supreme Court strikes Osun’s suit on withheld local govt funds

    December 5, 2025

    Munis sell off, upsized $2B JFK deal

    October 22, 2024

    Samsung Electronics, SK Hynix plunge rattles global markets — leveraged ETFs cited as culprit

    June 23, 2026
    Our Picks

    Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts say

    November 6, 2026

    Sebi Approves Net Settlement for Mutual Funds to Boost Efficiency from April

    November 5, 2026

    Neo Group launches mutual fund business, focused on solutions-led investing and meaningful partner engagement

    November 5, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.