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Pension News

News on Pension continually updated from thousands of sources around the net.

1 hr ago | Daily Mail

What should you do with a pension pot of A 30k, A 50k or A 100k?

Pension freedom reforms due in April mean hundreds of thousands of retirees every year will be freed from having to buy an annuity to provide a retirement income.

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Related Topix: Personal Finance, Retirement

5 hrs ago | Business Journal

Will Northrop be the next defense company to freeze its pension?

The Boeing Co. was first. Then Lockheed Martin Corp. And Wednesday, Northrop Grumman Corp.'s chief financial officer seemed to be prepping analysts for a potential change.

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Related Topix: Personal Finance, Manufacturing, Northrop Grumman, Aerospace-Defense, Boeing, Lockheed Martin

Thu Jul 24, 2014

AkiPress

09:29 Sum of pension savings of Kazakhstan reaches 4.18 trillion tenge

The sum of pension savings accumulated in the "GNPF" Accumulative Pension Fund of Kazakhstan totaled 4.18 trillion tenge by July 1, 2014, the press office of the Fund reported on the results of the activities in H1 2014.

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The Fresno Bee

As bribery case continues, CalPERS reaps profits from tainted investments

It's been one of the darkest chapters in CalPERS history, a bribery scandal that prompted a guilty plea from its former chief executive earlier this month.

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Related Topix: Personal Finance, Financial Services, Retirement, California Public Employees Retirement System, Investment Services

Daily Mail

Pension reforms could present opportunity for scammers, TPAS warns

A campaign to highlight the danger of pension scams that have cost consumers almost A 500million has been re-launched ahead of major reforms of the UK's retirement system that could leave savers vulnerable.

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Related Topix: Personal Finance, Retirement

Business Journal

Dignity Health pension plan is not a church plan, court rules -- again

Dignity Health doesn't contend it is a church, but a argued its pension plan is maintained by a tax-exempt entity controlled by or associated with a church or association of churches.

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Related Topix: Personal Finance, Law, Employment / Labor Law

Switched

Pension Cutters Hope California Ballot Measure Could Start A Domino Effect

The following story was reported by Capital and Main and published here in collaboration with The Huffington Post.

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Related Topix: Personal Finance, California, Simi Valley, CA, Ventura County (Simi Valley, CA), Ventura County, CA

The Verona-Cedar Grove Times

N.J. pension fund showing impressive returns

New Jersey's pension fund value has grown to $80 billion, and its investments are earning double what managers expected.

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Related Topix: Personal Finance, Chris Christie, US Governors, Big Ant Studios, AFL, Video Games, Trenton, NJ

Detroit Free Press

Creditor: Detroit pensioners may pay 'consequences' of Kilpatrick deal

Holdout financial creditors are expected to attempt to claw back the $1.4 billion they lent Detroit to help fund pensions when Kwame Kilpatrick was mayor if the city continues its effort to wipe out the controversial debt under its bankruptcy plan.

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Related Topix: Detroit, MI, Economics News, Bankruptcy

Wed Jul 23, 2014

Vanguard

Safety of pension assets is top priority, says Jonathan

President Goodluck Jonathan has assured workers and retirees, especially participants in the Contributory Pension Scheme, CPS, that protection of pension assets for the payment of retirement benefits, as and when due, is paramount to his government.

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Related Topix: Personal Finance, Nigeria, Africa, World News, Social Security

Express India

EPFO asks staff to take steps to enforce min pension, wage cap

Retirement fund body EPFO has asked its field staff to take steps for enforcing government's decision of raising wage ceiling to Rs 15,000 to cover the organised sector workers under the social security net.

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Related Topix: Personal Finance, Retirement, Social Security

The Arizona Republic

Pension-reform group won't sue over ballot

A conservative political advocacy group behind a ballot initiative to end Phoenix's employee-pension system has announced it will not file a lawsuit to challenge the "biased" ballot language city leaders crafted to describe the measure to voters Phoenix pension-reform group won't sue over ballot A conservative political advocacy group behind a ... (more)

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Related Topix: Personal Finance

Daily Herald

Lawyers: Factor court decision into pensions case

Lawyers representing state retiree groups said Tuesday they aim to use a recent Supreme Court decision on health care benefits in an effort to expedite their case challenging Illinois' pension legislation.

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Related Topix: Personal Finance

Philly.com

Corbett's counterproductive pension proposal

House Republican leaders Sam Smith and Mike Turzai boast that Republican pension legislation would provide budgetary relief to school districts.

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Related Topix: Personal Finance, Pennsylvania, Pennsylvania Government, Education Etc., Ed Rendell, US Governors, Opinion

Bangkok Post

Pension plan for rice farmers

The Rice Department plans a pension of about 4,000 baht per month for Thai rice growers after their retirement, on the condition they contribute to a rice development fund during their working years.

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Related Topix: Personal Finance, Retirement, Social Security

Tue Jul 22, 2014

Erie Times News

Corbett pitches pension reform during Erie visit

Gov. Tom Corbett held a town hall-style meeting in Harborcreek Township on Tuesday on proposed public-sector pension reform with a school board member, superintendents and local property owners.

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Related Topix: US Governors, Tom Corbett, Erie, PA

WWLP

Unions, Christie clashing again over pensions

Gov. Chris Christie's summertime talks with residents in beach communities starting Tuesday come with a theme that has some of his biggest critics riled up anew.

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Related Topix: Personal Finance, US Governors, Chris Christie, Retirement

Bradenton.com

How to avoid living longer than your money

A big concern for many retirees or soon-to-be retirees is, "What if I outlive my money?" If you have some retirement savings, you may be able to cover your needs for a number of years, but what if you live longer than you expected to live? One way to protect yourself from outlasting your savings is to purchase "longevity insurance".

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Related Topix: Personal Finance, Retirement, 401K, Social Security

ThinkProgress

Detroit Retirees And Workers Approve Pension Cuts To Avoid Far Worse Outcome

Detroit's bankruptcy plan won broad approval from workers and retirees on Monday as city workers opted to support a deal that includes pension cuts rather than risk far steeper cuts to their retirement income that could follow if the city's proposal were derailed.

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Related Topix: Personal Finance, Economics News, Bankruptcy, Retirement, Michigan, US News, Liberal Political News

Business Journal

As pensions bid adieu among defense contractors, how do the...

Lockheed Martin Corp. is the latest company to announce it is freezing its pension plan - not too long after competitor The Boeing Co.

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Related Topix: Personal Finance, Manufacturing, Aerospace-Defense, Lockheed Martin

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