Pension News

Public pension plans in Michigan - hammered by stock market declines in the poor economy and mismanagement in some cases - are now seeing their investment portfolios growing at the best rate in years.

That trend line once again has legislators contemplating more cuts to social services and education despite a major state income tax increase in 2011.

Gov. Chris Christie has warned potential investors there is no guarantee the state will make its required pension payments in future years, an admission that underscores a looming financial crisis he and future governors face as retirement costs are expected to explode before the decade ends.

Emergency Manager Kevyn Orr may place more safeguards to ensure Detroit's pension trustees are spending money wisely in the wake of a scheduled trip by some trustees to a conference in Hawaii.

Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co cut off the bank's opponents from polling information.

Two pension funds separately won record-high support for shareholder social proposals at any company.

Florida House Republicans tried to close the state's pension system to new employees this year, saying it's a ticking time bomb that could cripple the state's budget for years to come.

Q: I am facing a difficult retirement funding decision. I am a 52-year-old municipal employee.

Months of controversy over pension board members' plan to attend a Hawaii conference have resulted in calls for more oversight of the state's pension funds.

Tension is growing in Bolivia as miners, teachers, health service workers and public university staff -all affiliated to the Central Workers Union - are on strike demanding an increase in their retirement pension scheme.

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Luzerne County Controller Walter L. Griffith Jr. was arraigned today on charges he illegally recorded three conversations without consent from numerous people.

Four million public sector workers will see a dramatic reduction in the value of their pension schemes, according to a new report.

Four trustees of Detroit's two public pension funds are heading to a Hawaiian beach resort this weekend with their $22,000 tab paid for by the funds, which are mired in claims of mismanagement.

For workers, the days of having several options in which to save for retirement other than just NSSF are drawing closer.

A couple generations ago, when older Americans retired they could rely on pension plans to support them.

State universities and community colleges have agreed to gradually pick up their own retirement costs under a preliminary deal that emerged at a public hearing.

The council on Tuesday, May 14, approved a series of resolutions related to compensation and benefits for employees not covered by agreements previously approved with five other bargaining groups.

Forty-four percent of state and local governments made pension plan changes over a 12-month period, up from 37% in the previous 12 months, according to an annual survey released Wednesday by the Center for State and Local Government Excellence.

A recent contributor to the Star Tribune's letters to the editor wondered why no one was going to help him out if his 401 tanked.