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Pension News

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

3 hrs ago | Weyburn This Week

Ottawa to propose new pension scheme, but not budging on CPP expansion

Ottawa is preparing to announce a proposal to create yet another new pension scheme designed to occupy a middle ground between defined-benefit plans, generally favoured by workers, and defined-contribution plans favoured by employers.

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Related Topix: Personal Finance

4 hrs ago | Sunday Herald

Yes vote pension cost warning

PENSION costs in an independent Scotland would rise fivefold within 20 years because of an ageing population and the SNP Government's spending commitments, according to a new analysis paper.

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Related Topix: Personal Finance, Social Security

6 hrs ago | Edmonton Journal

Proposed pension reforms poisoning Alberta labour relations: critics

Alberta's opposition and union leaders say the provincial government continues poisoning labour relations by forging ahead with public sector pension reforms despite an outcry from workers and their representatives.

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Related Topix: Personal Finance, Alberta, MN

6 hrs ago | Minot Daily News

City pension still faces large ...

The City of Minot employees pension fund continues to carry a sizable unfunded liability as it moves toward eventual closure, according to the city's actuarial firm.

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Related Topix: Minot, ND

6 hrs ago | Detroit News

Missouri pension fund sues GM over ignition recall

A Missouri pension fund sued General Motors Co., its board of directors and its CEO over the handling of a recall of 2.6 million vehicles for ignition switch defects, contending it contributed to the sharp decline in the automaker's stock price.

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Related Topix: Personal Finance, Automakers, General Motors, Retirement

10 hrs ago | The Globe and Mail

Conservatives to propose new risk-sharing pension plans

Minister of State Kevin Sorenson speaks at the launch of "Talk With Our Kids About Money Day" at Immaculata High School April 15, 2014 in Ottawa.

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Related Topix: Personal Finance, Retirement, Canada

12 hrs ago | Iom Online

Isle of Man's pension issues in the spotlight

Taxes will not rise but the pension supplement, retirement age and means testing are all likely to come under scrutiny as the government battles to solve an impending pensions crisis.

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Related Topix: Personal Finance, Europe, World News, Isle of Man, Retirement, Social Security

16 hrs ago | WLUK-TV Green Bay

Wisconsin investment officer gets biggest bonus

Wisconsin Chief Investment Officer David Villa is receiving the largest bonus out of the $13.3 million being awarded the state's pension fund managers as a reward for strong investment returns.

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Related Topix: Personal Finance, Financial Services, State of Wisconsin Investment Board, Investment Services

20 hrs ago | The Hartford Courant

Boeing posts higher adjusted profit, lifts 2014 forecast

Rising jet production helped Boeing Co post a 14 percent rise in adjusted net profit in the first quarter, beating estimates, and the company notched up its full-year forecast.

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Related Topix: Commercial Aircraft, Boeing Aircraft, Aircraft, Boeing 787, Boeing 737, Personal Finance, Ansonia, CT

Yesterday | Chicago Tribune

Rauner draws City Hall rebuke over robocalls tied to pension bill

Bruce Rauner drew criticism from Mayor Rahm Emanuel's office today over the Republican governor candidate's criticism of a bill that would change pensions for some Chicago city workers and result in a likely property tax increase.

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Related Topix: Personal Finance, US Politics, US News, US House of Representatives, Democrat, Rahm Emanuel, Pat Quinn, US Governors

Tue Apr 22, 2014

Nanaimo Daily News

Some tax tips for couples

Perhaps unsurprisingly, a recent study from the Institute of Marriage and Family Canada has confirmed what most Canadians already know -- that there's a big economic advantage to being married.

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Related Topix: Wedding, Personal Finance, Retirement, Tax, Estate Planning

Free Republic

Sebelius stays on just long enough to get government benefits

When the embattled Kathleen Sebelius announced her intention to resign as secretary of Health and Human Services, she pledged to stay in President Barack Obama's cabinet until her replacement was confirmed by the Senate.

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Related Topix: Kathleen Sebelius, US Governors, US Politics, US News, Barack Obama, Personal Finance

Washington Times

Audit: SC pension agency doesn't overpay in fees

An auditing firm says the agency investing South Carolina's pension portfolio doesn't overpay in investment fees but rather reports those fees more thoroughly than any other public pension fund in the nation.

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Related Topix: Personal Finance, Retirement

Detroit News

Schuette won't reveal next move in light of bankruptcy pension deal

Since shortly after Detroit filed for bankruptcy in July, Schuette has made pronouncements in public and court filings that he would defend Michigan's constitutional protection of pensions.

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Related Topix: Personal Finance, Economics News, Bankruptcy, Retirement, Rick Snyder, US Governors, US News, US Supreme Court

KESQ-TV Palm Desert

Supervisors set to address $1.55 billion in unfunded pension liabilities

Riverside County's unfunded pension liabilities are at $1.55 billion, but thanks to reforms enacted by the Board of Supervisors, closing that funding gap will be less onerous, according to a report that the board will review today.

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Related Topix: Personal Finance, Retirement

WBEZ-FM Chicago

Mayors: Pension problems 'choking' local budgets

In this Oct. 15, 2013 file photo, Chicago Mayor Rahm Emanuel speaks at a news conference in Chicago.

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Related Topix: US Politics, US News, US House of Representatives, Democrat, Rahm Emanuel

NOLA.com

Louisiana, Texas, Maryland, private pension funds file Deepwater...

A group of U.S. pension funds, including those for public employees in Louisiana , Maryland and Texas, filed suits in federal court in Texas on Friday that accuse BP of making public statements about the Deepwater Horizon accident and oil spill that resulted in the defrauding of investors, according stories filed by the Reuters news service and the ... (more)

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Related Topix: Personal Finance, Louisiana, Oil Spill, Retirement

Mon Apr 21, 2014

The News-Gazette

Illinois mayors urge police and fire pension reform

The mayor of Danville said by far the most important pension reform for local municipalities is with those dealing with police and fire departments, and he said it's important for lawmakers to address concerns in that area.

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Related Topix: Personal Finance, Danville, IL, Retirement

Mid Devon Star

Average pension income 8,774: Poll

The average annual income drops by two-thirds upon retirement and the average person retires with an annual income almost a quarter less than the minimum wage, according to a major financial provider.

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Related Topix: Personal Finance, Retirement, Home, Mortgage

Sydney Morning Herald

Super not pensions that's killing budget

The age pension currently costs $39 billion and superannuation tax concessions will cost the budget around $35 billion in 2013-14.

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Related Topix: Personal Finance

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