News on Pension continually updated from thousands of sources around the net.
10 min ago | Reason Magazine
On Tuesday, a California Public Employee Retirement System committee approved a proposal that would allow 99 types of supplemental pay benefits to count toward state and local government employees' pension benefits, nullifying, by administrative fiat , one of the key anti-spiking provisions in California's Public Employees Pension Reform Act of ... (more)
4 hrs ago | The Winnipeg Free Press
Christina Ryan / Postmedia Network Inc. Actuary Dan Morrison, pension-plan retirement specialist with Towers Watson in Calgary, says retirement income is like sailing a ship across the ocean.
California voters suffered another defeat at the hands of special interests this month when public employee unions judicially blocked a Ventura County pension reform initiative from the November ballot, further underscoring the need for strong statewide action to allow local governments to control pension costs.
NEW RULES allowing people to raid their pension pots will offer a popular escape route from financial difficulties for the growing number of people retiring with debts to clear, a report has predicted.
A coalition of labor unions and state retirees is asking a judge for an expedited ruling in a case challenging the constitutionality of Illinois' pension law.
Special to Watchdog.org, CHICAGO - Illinois Attorney General Lisa Madigan announced Thursday that her office has reached a settlement agreement with Bank of America that will provide $200 million in relief for Illinois' pension systems.
Don Pittis has been a Fuller Brush man, a forest fire fighter and an Arctic ranger before discovering journalism.
The Scottish independence referendum campaign enters its final stage today with just four weeks to go until the fate of the nation is revealed.
If former Governor Bob McDonnell is convicted of corruption, he stands to lose his pension due to a bill he signed into law.
Two years ago, Gov. Jerry Brown and the Legislature agreed to a mild reform of public employee pensions aimed, they said, at reducing manipulation of the system and reducing long-term costs.
Mayor Annise Parker and City Attorney David Feldman will be releasing details of a proposed new Houston 2014 Firefighter Pension Plan.
Chris Ross of the Montreal firefighters' association said the retirement plan for his co-workers is 90 percent funded, while the Montreal police department's pension fund has 106 percent of the money it needs.
New Mexico's educational pension program reports that strong investment returns helped the retirement fund grow by more than $1 billion in the past year.
Insurer Rothesay Life said on Thursday it has completed a 500 million pound buy-out of the Vestey Group's Western United group pension scheme.
While some refused to take a position, a few Quebec MNAs grudgingly conceded on Wednesday that they should be shouldering a larger part of their gold-plated pension plan.
The municipal pension plans of today were created in an era of sustained stock market growth, higher interest rates and shorter lifespans.
Updated: Sat Aug 23, 2014 10:49 am
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