Local News: Roanoke, VA 

 | 

Sign Up

 | 

Sign In

Advertisment

Pension News Editors

RoboBlogger

I edit this news page on Topix when no humans are available to help.

People just like you make Pension News on Topix better every day. If you're interested in becoming an editor, apply today!

Edits History | Editor Blog

RSS icon mobile icon

Pension News

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

2 hrs ago | The Indianapolis Star

Top Eli Lilly researcher Paul's payout: $2M

As struggling Indianapolis drugmaker Eli Lilly and Co. slashes thousands of jobs and trims benefits for employees, one top executive is getting a handsome retirement payout.

Comment?

Related Topix: Biotech, Medicine, Eli Lilly, Healthcare Industry, Personal Finance

6 hrs ago | The Brampton Guardian

Nortel: A pensioner's nightmare

There are 17.6 million Canadians in the workforce today, but only 4.5 million have a defined benefit pension plan and half of those are in the public sector.

Comment?

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

Fri Nov 20, 2009

Toledo Blade

10 firms paid execs $350M with pensions underfunded

UAL Corp., US Airways Group Inc., and eight other companies paid executives $350 million in the five years before the United States was forced to take over their underfunded employee pension plans, a government report said.

Comment?

Related Topix: Personal Finance, Transportation, Airlines, United Airlines, George Miller, US Politics, US News, US House of Representatives, Democrat

WDRB-TV Louisville

Diocese: Pedophile priests should get benefits

The Catholic Diocese of Wilmington is obligated to pay retirement benefits to six priests who are confirmed pedophiles, church officials argued in a bankruptcy court filing seeking permission to keep making the payments.

Comment?

Related Topix: Roman Catholic Church, Religion, Personal Finance, Retirement, Economics News, Bankruptcy

KNDU

Ohio AG sues credit agencies for public pensions

The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.

Comment?

Related Topix: Personal Finance, Retirement, Foreclosures, Yakima, WA

The Times West Virginian

Municipal pension relief plan approved

Some of West Virginia's largest cities can soon freeze and gradually pay down their daunting pension funding shortfalls, after the House of Delegates sent Gov.

Comment?

Related Topix: Personal Finance, US Governors, Joe Manchin, Healthcare Law, Law, Criminal Defense Law, Retirement, Morgan County, WV

Bloomberg.com

Fidelity Says 401(k) Retirement Savings Accounts Recover From 2008 Decline

Fidelity Investments said the average balance on customersa 401 retirement accounts has returned to September 2008 levels on contributions and third- quarter investment gains.

Comment?

Related Topix: Personal Finance, Retirement, Financial Markets, 9, Social Security

Thu Nov 19, 2009

Today's 6

ID budget chief moonlights in HR to reduce layoffs

Gov. C.L. "Butch" Otter's budget chief says he's moonlighting as state human resources administrator to help spare one job in his office from elimination.

Comment?

Related Topix: Personal Finance

FOX 4 Now - WFTX Home

How older workers can lighten the load

Annis Fuller thought she had everything in place to retire this past June. But when the Abbott Laboratories accountant and her husband, who manages construction projects for the company, met with their financial planner last December, the news wasn't good.

Comment?

Related Topix: Biotech, Abbott Laboratories, Personal Finance

Business Insurance

Companies drop pensions, pay execs $350M: GAO

Ten large U.S. companies paid senior executives a total of $350 million in the few years prior to dropping traditional pension plans for employees, a Congressional watchdog said Thursday.

Comment?

Related Topix: Personal Finance, George Miller, US News, US House of Representatives, Democrat, US Politics, Gary Miller, Republican

GuruFocus.com

The Price of Cheating Death

I was at dinner with some friends and the conversation turned to the topic of undiscovered investment opportunities.

Comment?

Related Topix: Biotech, Science / Technology, IBM, Personal Finance, Social Security, Retirement

Fort Frances Times

Mill pension plan draws mixed reaction

A new trust fund being proposed by the Communications, Energy & Paperworkers Union of Canada and AbitibiBowater - to replace the existing pension fund pool for mill workers and help take some of the strain off the company as it undergoes restructuring under bankruptcy protection - is drawing mixed reactions here.

Comment?

Related Topix: North America, Canada, World News,

Wed Nov 18, 2009

CBS2

Former Gov. George Ryan addresses reporters the night before he left for prison.

Share + Nov 18, 2009 4:09 pm US/Central SPRINGFIELD, Ill. Illinois Supreme Court justices heard arguments on why ex-governor George Ryan should receive a partial state pension of $60,000. The state General Assembly Retirement System stripped Ryan of the $197,037 pension he was drawing annually up until his 2006 conviction of racketeering, ...

Comment?

Related Topix: Springfield Metro, Personal Finance, Retirement, Criminal Defense Law, Law

Millville News

N.J. taxpayers fund pension benefits for non-government employees

Already, taxpayers are giving $1.3 million a year to 62 retirees of three Trenton organizations: the League of Municipalities, the School Boards Association and the Association of Counties, records show.

Comment?

Related Topix: Personal Finance, Trenton, NJ, Trenton Metro, Jon Corzine, US Governors, Retirement, Atlantic City, NJ

The Victoria Star

Caisse to unveil plan to improve returns

The head of the Caisse de depot says Canada's largest pension fund manager plans a change in strategy to ensure long term returns while also helping Quebec companies to better compete around the world.

Comment?

Cumberland Times-News

W.Va. lawmakers begin 4th special session of a 09

A group representing hundreds of West Virginia police officers sees the value in the special session legislation that aims to help ailing municipal pensions, one of its officials said Tuesday.

Comment?

Related Topix: Healthcare Law, Law, Huntington Metro

Tue Nov 17, 2009

Providence Journal

High court orders stay in Providence police pension case

Retired police Capt. John J. Ryan has appealed to the Rhode Island Supreme Court a recent legal decision that would make it more difficult for him to save his municipal pension.

Comment?

Related Topix: Personal Finance, Providence, RI, Providence Metro

Barre-Montpelier Times-Argus

The ruling class

There's an ongoing tension between those who work for the people - government employees - and those whom the government works for - taxpayers.

Comment?

Related Topix: Vermont, Vermont Government, Opinion

Tacoma News Tribune

Despite budget shortfall, Gregoire won't call special session

Gov. Chris Gregoire rejected new Republican calls for a special legislative session in early December to deal with the growing budget shortfall, despite her prediction it might hit $2.5 billion after Thursday's revenue forecast.

Comment?

Related Topix: Personal Finance

San Francisco Chronicle

Nonprofit pensions, another one-two punch

A lot of nonprofits, including Girl Scouts, are facing huge increases in pension contributions in coming years, a combination of two factors - the market crash and the 2006 Pension Protection Act, which, among other things, shortened the time to "catch up" underfunded pensions to fully funded status.

Comment?

Related Topix: Personal Finance, Retirement, US Politics, US News, Earl Pomeroy, US House of Representatives, Democrat

Also on Topix