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Pension News

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

3 hrs ago | Coast Reporter

Quebec unions bash government over proposed pension reforms

Quebec unions continued bashing proposed pension reforms on Wednesday as they accused the provincial government of bulldozing through legislature hearings on the issue.

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Related Topix: Personal Finance

7 hrs ago | Patch.com

Ex-N.J. State Trooper Sgt.'s Pension Reduced After Multiple Drunk Driving Accidents In Union County

After two separate drunk driving incidents in Union County in three years, a New Jersey State Trooper Sgt.

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Related Topix: Personal Finance, Union County, NJ

7 hrs ago | Post and Courier

SC's pension investment agency hires new director

For the second time in three months, the agency investing South Carolina's pension portfolio has named an executive director.

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Related Topix: Personal Finance, Retirement

8 hrs ago | The Times-Tribune

Scranton pension funds will be broke in 3 to 5 years

Scranton's three pension funds will run out of money to pay benefits within three to five years, possibly forcing the city into bankruptcy, state Auditor General Eugene DePasquale said today.

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

9 hrs ago | Chattanoogan.com

City Pension Double Standard

The Chattanooga City Council voted Tuesday to keep future retirees who are re-employed by the city from dipping into their current retirement while contributing to a new city pension.

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Related Topix: Personal Finance, Chattanooga, TN

13 hrs ago | Daily Mail

Savers who cash in their pension funds face charges of up to 20%

Millions of workers will be shut out of new pensions freedoms that let them cash in their nest eggs because firms plan to hit them with huge fees for taking their money.

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Related Topix: Personal Finance, Retirement

18 hrs ago | The Montreal Gazette

Bombardier workers in Thunder Bay, Ont., turn down latest company offer

Unifor Local 1075 says its members, who have been on strike since July 14, turned down the offer by a vote of 80 per cent.

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Related Topix: Canada, Personal Finance, Outsourcing

Tue Aug 26, 2014

Montreal Gazette

Pension underfunding goes back more than a century, unions say

If the city of Montreal can't afford to keep up with its growing pension fund beast, it has itself to blame after more than a century of underfunding its municipal employee pension plan contributions, a group of unions representing the city's 2,500 professional workers says.

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Related Topix: Personal Finance

WISH-TV Indianapolis

Pension withdrawals causing new concerns at Statehouse

INDIANAPOLIS Thousands of Hoosier public workers are taking a new road toward retirement by opting out of Indiana's public pension system.

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Related Topix: Personal Finance, Indianapolis, IN, Retirement, Indiana, Wolcott, IN

WCAX-TV Burlington

Burlington College pension problems resolved

Burlington College says it fixed a problem which left employee pensions unfunded for the past few months.

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Related Topix: Personal Finance, Burlington College

Michigan Radio

36% of Americans don't have enough money saved for retirement

Detroit News personal finance writer Brian O'Connor said this number is not that surprising when looking at what has happened in the last several years.

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Related Topix: Personal Finance

Detroit News

Attorney: Alleged pension fund misdeeds should play no role in Detroit bankruptcy trial

Alleged corruption and Detroit pension fund mismanagement that cost more than $1 billion is irrelevant and shouldn't factor into the city's bankruptcy trial next week, a lawyer argued Tuesday.

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Related Topix: Personal Finance, Economics News, Bankruptcy, Detroit, MI

CBC News

N.L. government, unions close to pension reform deal

A deal is close on public-sector pension reform for provincial government employees in Newfoundland and Labrador.

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Related Topix: Personal Finance

Sys-Con Media

Census Bureau: 2013 Annual Survey of Public Pensions: State-Administered Defined Benefit Data

Provides a comprehensive look at the financial activity of the nation's state-administered defined benefit pension systems, including cash and investment holdings, receipts, payments, pension obligations and membership information.

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Related Topix: Personal Finance

Business Journal

American Century lands $530M from Arizona pension fund

The investment will be placed in the American Century Non-U.S. Growth strategy, which looks for companies with a market capitalization of $3 billion or more, with accelerating growth and improving fundamentals.

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Related Topix: Personal Finance

The Advocate

Kennedy continues quest for more pension info

State Treasurer John Kennedy continued pressing Monday for more information about the circumstances surrounding the last-minute legislative passage of a pension boost for State Police Col.

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Related Topix: Personal Finance, US Politics, US News, Bobby Jindal, Republican, US House of Representatives, US Governors, Houma, LA

The Age

How to avoid paying income tax

"It's unlikely SMSFs are ever going to pay a substantial amount of tax as a segment."

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Related Topix: Tax, Australia, Oceania, World News, Personal Finance, Retirement

Mon Aug 25, 2014

RecordNET

A modest proposal for pension spikers

"CalPERS recently thumbed its underfunded nose at the governor and legislature, saying, in effect, "We are going to continue to allow spiking, as we have been doing for many years, and we'll continue to burden the majority of our members who don't spike their pensions, and of course taxpayers, with the excess cost of this shamefully reckless ... (more)

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Related Topix: Personal Finance, Retirement, Stockton, CA

WBTV

Retirement payouts boost Novant execs' pay

Big payouts from Novant Health's retirement plan boosted compensation for the hospital system's top leaders in 2013, with some executives bringing home nine times what they made in the previous year.

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Related Topix: Personal Finance, Mecklenburg County, NC

India.com

Haryana govt raises age limit for starting govt services to 42

Chandigarh, Aug 25: In poll-bound Haryana, the state government continued to rain sops, with the Cabinet today deciding to increase the age limit for entry into government services by two years to 42. A decision to this effect was taken at a meeting of the state Cabinet presided over by Chief Minister Bhupinder Singh Hooda here this evening, an ... (more)

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Related Topix: India, World News

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