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Pension News

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

1 hr ago | Business Journal

Felony-convicted ex-councilman to collect $116K annual pension

Former Los Angeles City Councilman Richard AlarcA3n, who on Wednesday was convicted of four felonies and faces six years in prison, but will continue receiving his annual pension of $116,000.

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Related Topix: Personal Finance, US Governors, Jerry Brown

1 hr ago | Quebec Chronicle-Telegraph

Convicted Ex-Los Angeles Councilman Will Continue Collecting Six-Figure Pension

But he will keep his pension, which totals $116,000 a year for that short stint on the City Council.

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Related Topix: Personal Finance, US Governors, Jerry Brown

3 hrs ago | The New Zealand Herald

Fran O'Sullivan: Swallow your pride, John - the pension age must be raised

Joe Hockey's forceful realism over the need for Western- style nations to lift the age at which their citizens qualify for taxpayer-funded pensions strikes a chord.

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Related Topix: Personal Finance, Retirement

4 hrs ago | Daily Mail

Pensions market expected to be worth A 50bn by 2023

Wide ranging pension reforms due next year had been expected to harm the fortunes of giant pension companies but research has predicted that the market will triple in value in less than a decade.

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Related Topix: Personal Finance, Insurance

8 hrs ago | Berkshire Eagle

Police officer wants lifeguard time counted for pension

A veteran Boxford police officer wants his time working as a lifeguard for a state agency decades ago counted toward his pension.

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Related Topix: Personal Finance, Social Software

9 hrs ago | Daily Mail

What should you do with a pension pot of A 30k, A 50k or A 100k?

Pension freedom reforms due in April mean hundreds of thousands of retirees every year will be freed from having to buy an annuity to provide a retirement income.

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Related Topix: Personal Finance, Retirement

13 hrs ago | Business Journal

Will Northrop be the next defense company to freeze its pension?

The Boeing Co. was first. Then Lockheed Martin Corp. And Wednesday, Northrop Grumman Corp.'s chief financial officer seemed to be prepping analysts for a potential change.

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

Thu Jul 24, 2014

AkiPress

09:29 Sum of pension savings of Kazakhstan reaches 4.18 trillion tenge

The sum of pension savings accumulated in the "GNPF" Accumulative Pension Fund of Kazakhstan totaled 4.18 trillion tenge by July 1, 2014, the press office of the Fund reported on the results of the activities in H1 2014.

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The Fresno Bee

As bribery case continues, CalPERS reaps profits from tainted investments

It's been one of the darkest chapters in CalPERS history, a bribery scandal that prompted a guilty plea from its former chief executive earlier this month.

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Related Topix: Personal Finance, Financial Services, Retirement, California Public Employees Retirement System, Investment Services

Daily Mail

Pension reforms could present opportunity for scammers, TPAS warns

A campaign to highlight the danger of pension scams that have cost consumers almost A 500million has been re-launched ahead of major reforms of the UK's retirement system that could leave savers vulnerable.

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Related Topix: Personal Finance, Retirement

Business Journal

Dignity Health pension plan is not a church plan, court rules -- again

Dignity Health doesn't contend it is a church, but a argued its pension plan is maintained by a tax-exempt entity controlled by or associated with a church or association of churches.

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Related Topix: Personal Finance, Law, Employment / Labor Law

Switched

Pension Cutters Hope California Ballot Measure Could Start A Domino Effect

The following story was reported by Capital and Main and published here in collaboration with The Huffington Post.

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Related Topix: Personal Finance, California, Simi Valley, CA, Ventura County (Simi Valley, CA), Ventura County, CA

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

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

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