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

3 hrs ago | Detroit News

Detroit retirees angry, anxious over EM's pension proposals

Roger Doppelberger of Lexington, who has a daughter, Maria, 14, retired from the Detroit Water Department after 26.5 years.

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Related Topix: Personal Finance, Lexington, MI, Retirement, Healthcare Law, Law, Social Security

Wed Jun 19, 2013

Tampa Bay Newspapers

Employee pension loans approved

After an initial tied vote, Largo commissioners were able to come to a consensus on an emotionally charged issue regarding employee pensions June 18. At stake was the ability for city employees to take out loans against their retirement fund balance.

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Related Topix: Personal Finance, Largo, FL, Retirement

Evening Sun

Pa. senators eye 401K-style public pension plan

Gov. Tom Corbett's plan to slash $12 billion from the future pension benefits of current public employees is dead in the Republican-controlled state Senate after a key committee voted unanimously Wednesday to strip it from legislation.

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Related Topix: Personal Finance, US Governors, Tom Corbett

WPMT-TV York

Budget Secretary speaks about pension reform

With the state budget due in less than two weeks - one of the big issues on the table is pension reform.

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Related Topix: Personal Finance

Bloomberg

Illinois Pension Impasse Predicted in Penalty Jump: Muni Credit

Illinois borrowing costs are headed for the biggest monthly increase since May 2012 as investors bet two rating cuts won't be enough to spur lawmakers to fix the worst-funded U.S. state pension system.

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Related Topix: US Politics, US News, US Senate, Richard Durbin, Personal Finance, Democrat, Illinois, Illinois Government, Financial Services, Moodys, Pat Quinn, US Governors

Folio Weekly

Pension Deal Helps Unions, Not Taxpayers

Mayor Alvin Brown recently announced a deal on pensions with the public safety unions.

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Related Topix: Personal Finance, Social Security, Retirement

KNEB-AM Scottsbluff

Five Best Employers for Baby Boomers

The National Institutes of Health tops this year's list of the best employers for Baby Boomers, according to the American Association of Retired Persons .

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Related Topix: Health, AARP, Personal Finance, M.D. Anderson Cancer Center, Texas

JD Supra

Recent decision limits the protections from liability for ERISA pension plan fiduciaries

James Hazlehurst wrote an article published in The Daily Journal on June 12, 2013, that discussed the Ninth Circuit Court of Appeals ruling in Harris v.

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Related Topix: Personal Finance, Law, Employment / Labor Law, US News, Ninth Circuit Court of Appeals

Tue Jun 18, 2013

Chicago Tribune

Quinn, lawmakers agree to form pension reform committee

Unable to round up enough Senate votes for a sweeping measure to overhaul the state's public employee pension system, Gov. Pat Quinn has backed off in favor of a plan to a form a committee designed to forge a compromise on the hot-button issue.

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Related Topix: Personal Finance, Pat Quinn, US Governors, Illinois, Illinois Government

WHBF-TV Rock Island

Illinois Senate debates university pensions

The six-step plan was developed by officials from the University of Illinois and Northern Illinois University.

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Related Topix: Illinois, Illinois Government, Personal Finance, Northern Illinois University

Kilmarnock Standard

Scottish News: Swinney in pledge over pensions

Senior citizens in Scotland would benefit from stronger pension safeguards than those elsewhere in the UK if Scotland became independent, the Finance Secretary has said.

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Related Topix: Personal Finance

Detroit News

Reduced pension payouts, worker concessions a tough sell for Detroit's emergency manager

Emergency Manager Kevyn Orr and Detroit's union leaders and pension fund representatives are gearing up to meet Thursday in what some experts said could be a pivotal turning point in efforts to keep Michigan's largest city out of bankruptcy.

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Related Topix: Personal Finance, Economics News, Bankruptcy, Retirement

Philly.com

Pension reforms ready to move, even as PA plans to keep underfunding

The House State Government Committee has plans for a hearing on the governor's pension reform proposals Wednesday morning, less than two weeks before lawmakers expect to take heir summer vacations after the state budget deadline, June 30. That leaves little time for lawmakers to enact a major overhaul of the two pension systems.

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Related Topix: Personal Finance, US News, Retirement

The Baltimore Sun

Bel Air commissioners vote down pension fund proposal

The Bel Air Town Commissioners unanimously voted against a budget amendment Monday that would have put $55,000 in savings toward the town employee pension funds in order to review the "overall health" of the pensions, which are short by more than $100,000 for the 2013 fiscal year.

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Related Topix: Personal Finance, Bel Air, MD

Deseret News

State pensions threaten to bleed states dry

California may be boasting a $1.2 billion budget surplus this year, but it and other states still face the growing problem of what to do about pensions for state workers, according to The Economist.

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Related Topix: Personal Finance, Retirement

Mon Jun 17, 2013

Reuters

UPDATE 1-New York City settles U.S. lawsuit over police pensions

New York City has settled a lawsuit in which the federal government accused it of improperly reducing retirement benefits for current and former police officers who served in the military after Sept.

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Related Topix: Personal Finance

Bloomberg

Detroit's Recovery Plan Dips Into Pensions to Keep City Afloat

A plan to cut pension benefits previously thought sacrosanct for 30,000 workers and retirees may tip Detroit into bankruptcy as Emergency Manager Kevyn Orr negotiates over $17 billion in debt and obligations.

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Related Topix: Personal Finance, Economics News, Bankruptcy, Retirement, 9, Sacramento, CA

News Talk Florida

Attacks On State Pension Plan Not Over

As Will Weatherford tells it, his plan to shut down the state's pension fund to new hires won't affect people already in it.

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Related Topix: Personal Finance, Pinellas County, FL, Pasco County, FL

National Journal

Sen. Cornyn Reveals Not One, Not Two, But Three Public Pensions Atop His Salary

Texas Republican John Cornyn supplemented his Senate salary with a trio of public pensions last year from his days as a Texas judge and elected official-a practice some fiscal watchdog groups have attacked as "double dipping."

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Related Topix: US Politics, US News, US Senate, Republican, John Cornyn, Texas Government, Texas, Personal Finance, Retirement, Rick Perry, US Governors

Mirror.co.uk

State pension 'triple lock' guarantee could be axed admits Lib Dem minister Steve Webb

The "triple lock" is the guarantee it will rise every year in line with prices, earnings, or 2.5 per cent, whichever is higher Mr Webb has boasted about bringing in the lock, which ensures that pensions rise by at least 2.5% a year, in the past.

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Related Topix: Personal Finance