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Pension News

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

1 hr ago | The Verona-Cedar Grove Times

N.J. pension fund showing impressive returns

New Jersey's pension fund value has grown to $80 billion, and its investments are earning double what managers expected.

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Related Topix: Personal Finance, Chris Christie, US Governors, Big Ant Studios, AFL, Video Games, Trenton, NJ

5 hrs ago | Detroit Free Press

Creditor: Detroit pensioners may pay 'consequences' of Kilpatrick deal

Holdout financial creditors are expected to attempt to claw back the $1.4 billion they lent Detroit to help fund pensions when Kwame Kilpatrick was mayor if the city continues its effort to wipe out the controversial debt under its bankruptcy plan.

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Related Topix: Detroit, MI, Economics News, Bankruptcy

Wed Jul 23, 2014

Vanguard

Safety of pension assets is top priority, says Jonathan

President Goodluck Jonathan has assured workers and retirees, especially participants in the Contributory Pension Scheme, CPS, that protection of pension assets for the payment of retirement benefits, as and when due, is paramount to his government.

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Related Topix: Personal Finance, Nigeria, Africa, World News, Social Security

Express India

EPFO asks staff to take steps to enforce min pension, wage cap

Retirement fund body EPFO has asked its field staff to take steps for enforcing government's decision of raising wage ceiling to Rs 15,000 to cover the organised sector workers under the social security net.

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Related Topix: Personal Finance, Retirement, Social Security

The Arizona Republic

Pension-reform group won't sue over ballot

A conservative political advocacy group behind a ballot initiative to end Phoenix's employee-pension system has announced it will not file a lawsuit to challenge the "biased" ballot language city leaders crafted to describe the measure to voters Phoenix pension-reform group won't sue over ballot A conservative political advocacy group behind a ... (more)

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Related Topix: Personal Finance

Daily Herald

Lawyers: Factor court decision into pensions case

Lawyers representing state retiree groups said Tuesday they aim to use a recent Supreme Court decision on health care benefits in an effort to expedite their case challenging Illinois' pension legislation.

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Related Topix: Personal Finance

Philly.com

Corbett's counterproductive pension proposal

House Republican leaders Sam Smith and Mike Turzai boast that Republican pension legislation would provide budgetary relief to school districts.

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Related Topix: Personal Finance, Pennsylvania, Pennsylvania Government, Education Etc., Ed Rendell, US Governors, Opinion

Bangkok Post

Pension plan for rice farmers

The Rice Department plans a pension of about 4,000 baht per month for Thai rice growers after their retirement, on the condition they contribute to a rice development fund during their working years.

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Related Topix: Personal Finance, Retirement, Social Security

Tue Jul 22, 2014

Erie Times News

Corbett pitches pension reform during Erie visit

Gov. Tom Corbett held a town hall-style meeting in Harborcreek Township on Tuesday on proposed public-sector pension reform with a school board member, superintendents and local property owners.

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Related Topix: US Governors, Tom Corbett, Erie, PA

WWLP

Unions, Christie clashing again over pensions

Gov. Chris Christie's summertime talks with residents in beach communities starting Tuesday come with a theme that has some of his biggest critics riled up anew.

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Related Topix: Personal Finance, US Governors, Chris Christie, Retirement

Bradenton.com

How to avoid living longer than your money

A big concern for many retirees or soon-to-be retirees is, "What if I outlive my money?" If you have some retirement savings, you may be able to cover your needs for a number of years, but what if you live longer than you expected to live? One way to protect yourself from outlasting your savings is to purchase "longevity insurance".

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Related Topix: Personal Finance, Retirement, 401K, Social Security

ThinkProgress

Detroit Retirees And Workers Approve Pension Cuts To Avoid Far Worse Outcome

Detroit's bankruptcy plan won broad approval from workers and retirees on Monday as city workers opted to support a deal that includes pension cuts rather than risk far steeper cuts to their retirement income that could follow if the city's proposal were derailed.

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Related Topix: Personal Finance, Economics News, Bankruptcy, Retirement, Michigan, US News, Liberal Political News

Business Journal

As pensions bid adieu among defense contractors, how do the...

Lockheed Martin Corp. is the latest company to announce it is freezing its pension plan - not too long after competitor The Boeing Co.

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Related Topix: Personal Finance, Manufacturing, Aerospace-Defense, Lockheed Martin

Business Journal

As pensions bid adieu among defense contractors, how do the...

Lockheed announced earlier this month that it would freeze its pension plan. So how does its 401 stack up by comparison? Photographer: Andrew Harrer/Bloomberg Lockheed Martin Corp. is the latest company to announce it is freezing its pension plan - not too long after competitor The Boeing Co.

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Related Topix: Manufacturing, Aerospace-Defense, Lockheed Martin, Personal Finance, Boeing, Retirement

BBC News

Pension delay to be less lucrative

People who delay taking their state pension from 2016 will gain less financial benefit than under current rules, the government has proposed.

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Related Topix: Personal Finance

Daily Mail

Pension freedom plans to reduce 55% death tax on pots

Retirees will be able to leave more cash to their loved ones when they die after the Government pledged to reduce the death tax on pension pots.

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Related Topix: Personal Finance

Wisbech Standard

Older worker champion appointed by David Cameron is welcomed by Wisbech businesswoman

A Wisbech businesswoman has welcomed an older worker champion taken on by the Government to boost over 50s staying in employment.

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Related Topix: Norfolk County, England, World News, United Kingdom, Cambridgeshire County, England, Personal Finance

The Straits Times

Investing CPF savings in private pension plans an option for future: DPM Tharman

Investing in private pension funds remains an option in future for CPF members who want to try and grow their savings, said Deputy Prime Minister Tharman Shanmugaratnam on Tuesday.

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Related Topix: Personal Finance, Retirement

Trend

Modernization of pension system to continue until 2030 in Kazakhstan

Kazakhstan has developed a new concept for further modernization of the pension system until 2030, the press service of the Ministry of Labor and Social Welfare told Trend.

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Related Topix: Personal Finance, Retirement

Business Journal

Kansas pension plan sheds 'weak' rating

Healthier markets and changes in what participants pay in has boosted the pension system for state employees in Kansas from "weak" to merely "below average," The Topeka Capital-Journal reports.

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Related Topix: Personal Finance

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