Retirement News

Under a bill passed last week by the House of Representatives, cost-of-living allowances for federal government employees working in the Virgin Islands could become a thing of the past.

If there was one moment that foreshadowed California's long, sad descent from multibillion-dollar surpluses to deficits as far as the eye can see, it was that day in 1999 when the Senate approved legislation to increase pensions for state workers and opened the door for bigger retirement checks for local workers.

Bernie Madoff's victims from around the nation will pack a Manhattan courtroom this morning to see him sentenced for stealing billions in the biggest Ponzi scheme in Wall Street history.

Alexis Arguello, 57 Ex-boxer, mayor of Managua dies of gunshot wound By BRUCE WEBER New York Times Sun.

While the story of Bernie Madoff came to an end on Monday with a sentence of 150 years in prison, the tale of his victims is far from over.

IN A TIME of continuing bad news, one of the most shocking revelations about the state of our economy came last week from the Organisation for Economic Co-operation and Development.

BBC chiefs 'rack up biggest pensions ever seen in public sector' By Daily Mail Reporter Last updated at 12:03 PM on 05th July 2009 Two BBC chiefs have racked up taxpayer-funded pensions worth more than 14million - the biggest in the public sector, according to new research.

From deciding where grandma will sleep to knowing her preferred bed time, turning a home into three-generation household takes plenty of planning and frank discussions that can be difficult.

Marin victims of convicted Wall Street swindler Bernard Madoff were pleased Monday when Madoff was sentenced to 150 years in prison, but they were far from satisfied.

NEW YORK - Steven Rattner had but one assignment when the president brought him to Washington in February.

A proposal circulating in the legislature could result in a state takeover of Philadelphia's municipal pension plan, and officials from the city and the pension board are raising alarms.

The state has started paying welfare grants to an additional 300 000 teenagers and 70 000 elderly men in the past year, Social Development Minister Edna Molewa said on Friday.

Submitted by SHNS on Wed, 07/01/2009 - 15:03. It would seem inconceivable if it didn't happen so often: highly paid celebrities and athletes going broke.

Registering venture capital firms -- along with hedge funds and private equity firms -- with the Securities and Exchange Commission, as President Obama's administration plans to do, would be "very burdensome" for small VC firms, said Michael Stark, co-founder and general partner at Crosslink Capital.

Irish pensions are collapsing. But the government is running away from offering meaningful assistance.

Miriam Siegman, 65, one of Bernard Madoff's many victims, is now reduced to scavenging for food in skips James Bone Many of Bernard Madoff's victims have been forced to sell their homes or cancel retirement plans.

Ponzi-scheme mastermind Bernard Madoff was sentenced to 150 years in prison, after appearing in U.S. District Court in New York on Monday.

Pension reform plans 'should have been even more radical' The author of the government blueprint on the future of pensions in Britain has confessed he now wishes he had been more radical in his proposals for pension reform.

The S.C. Retirement System must pay back about $40 million in retirement contributions it improperly took from the paychecks of state employees who participated in a program that lets them continue working after retirement, a state judge ruled this week.

A California financial company on Wednesday agreed to repay $2 million to New York state's giant public pension fund after one of the company's former partners was implicated in paying a kickback to secure investment deals from the fund.