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Pension News

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

10 min ago | Reason Magazine

The Golden State's Pension Reforms Get Spiked

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)

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Related Topix: Personal Finance, California, San Diego County, CA, US Politics, US News

4 hrs ago | The Winnipeg Free Press

The problem with pension plans

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.

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Related Topix: Personal Finance, Retirement, Canada, North America, World News

8 hrs ago | Evening Times

We must vote Yes to protect pensions

NICOLA Sturgeon has given warnings that a No vote could affect the future of pensions and Scotland's membership of the European Union.

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Related Topix: Labour Party (UK)

Fri Aug 22, 2014

Press-Telegram

Cites, counties need pension-reform initiative: Guest commentary

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.

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Related Topix: Personal Finance, California, Ventura County, CA, Opinion

Scotsman.com

Personal finance: Raiding pension a long-term risk

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.

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Related Topix: Personal Finance, Retirement, Home, Mortgage

KWQC-TV Davenport

Unions want expedited ruling in pensions suit

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.

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Related Topix: Personal Finance

The Logan County Herald

AG settlement to put $200M back into Illinois pension systems

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.

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Related Topix: Illinois, Illinois Government, Personal Finance, Home, Mortgage, Marketing

CBC News

Quebec pension tension: Don't blame the workers, writes Don Pittis

Don Pittis has been a Fuller Brush man, a forest fire fighter and an Arctic ranger before discovering journalism.

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Related Topix: Business News

Hillingdon Times

Referendum campaign in final stage

The Scottish independence referendum campaign enters its final stage today with just four weeks to go until the fate of the nation is revealed.

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Related Topix: Europe, World News, United Kingdom, Lothian County, Scotland, Pop/Rock, The Proclaimers

Hampshire Chronicle

Fresh talks in firefighters dispute

Fire Brigades Union general secretary Matt Wrack will meet fire minister Penny Mordaunt to discuss issues at the heart of the conflict Union leaders are to meet a Government minister for fresh talks today in a bid to break the deadlock over the long-running firefighters' pensions dispute.

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Related Topix: Personal Finance

Thu Aug 21, 2014

NBC29

Conviction Could Cost McDonnell His Pension

If former Governor Bob McDonnell is convicted of corruption, he stands to lose his pension due to a bill he signed into law.

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Related Topix: Bob McDonnell, US Governors, Personal Finance, Retirement

The Fresno Bee

Dan Walters: Pension fatteners reveal some strange public work rules

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.

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Related Topix: Personal Finance, Jerry Brown, US Governors, Libraries

Click2Houston

Mayor, city attorney propose new firefighter pension plan

Mayor Annise Parker and City Attorney David Feldman will be releasing details of a proposed new Houston 2014 Firefighter Pension Plan.

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Related Topix: Personal Finance

CTV

Montreal firefighters, police officers say pension plans are well-funded

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.

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Related Topix: Personal Finance, Retirement

Las Cruces Sun-News

New Mexico educational pension fund up $1 billion

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.

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Related Topix: Personal Finance, Retirement

West Australian

Rothesay Life completes 500 million pound buy-out of pension scheme

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.

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Related Topix: Personal Finance

New York Daily News

Sacked cop loses out in court battle for pension

Daniel King, 51, had 19 years on the force in 2012 when he was busted for ticketing an undercover cop for drinking in public when the detective had no alcohol on him.

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Related Topix: Personal Finance

Wed Aug 20, 2014

Montreal Gazette

MNAs are split on how much to pay into their own pensions

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.

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Related Topix: Personal Finance

Montreal Gazette

Moreau, mayors defend imposed pension negotiations

The municipal pension plans of today were created in an era of sustained stock market growth, higher interest rates and shorter lifespans.

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Related Topix: Personal Finance

Reuters

California Governor decries Calpers vote on pensions

California Governor Jerry Brown decried a move by the state's giant public pension fund on Wednesday to include temporary pay hikes in the way pensions are calculated for newly hired workers.

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Related Topix: Personal Finance, Jerry Brown, US Governors, Retirement

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