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Pension News

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

3 hrs ago | WISN-TV

Seniors losing savings to 'pension advance' firms

Federal and state officials are looking into so-called "pension advances," deals they say are digging retirees and military veterans deep into debt, while also putting individual investors at risk.

Comment?

Related Topix: Personal Finance, Life, Veteran Affairs

5 hrs ago | Business Journal

How Florida pension dollars might vote on JPMorgan's Jamie Dimon

Thousands of Floridians will get their say - indirectly - on a key issue at the JPMorgan Chase & Co.

Comment?

Related Topix: Florida, Florida Government, Banking, JP Morgan Chase

9 hrs ago | Pensions & Investments

Louisiana Municipal Employees goes with Meketa Investment Group as consultant

Louisiana Municipal Employees' Retirement System , Baton Rouge, hired Meketa Investment Group as investment consultant, confirmed Robert Rust, director at MERS.

Comment?

Related Topix: Personal Finance, Retirement

Mon May 20, 2013

KMID

A Green Light for Pension Hikes, Double Dipping

In the span of a few minutes on Monday, the Texas House gave the green light to pension increases for state elected officials and then watched the effort to ban "double dipping" by politicians crash and burn without a vote.

Comment?

Related Topix: Personal Finance, Dripping Springs, TX, Rick Perry, US Governors

The Miami Herald

Lew taps government retiree pension fund

Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.

Comment?

Related Topix: Personal Finance, Retirement

KHOU-TV Houston

Public pension employees skip Hawaii conference

Organizers of an annual conference for people who manage more than $3 trillion in public sector pension funds in the U.S. and Canada say a significant number of administrators are skipping this year's meeting in Hawaii to avoid the perception they're wasting money by heading to the island paradise.

Comment?

Related Topix: US Politics, US News, US House of Representatives, Neil Abercrombie, Democrat, Personal Finance, Retirement, US Governors

The News Item

State budget deadline casts spell

A combination of events is focusing attention on whether Gov. Tom Corbett and lawmakers can perform the political hat trick of passing major legislation dealing with transportation spending, liquor store privatization and curbing public pension costs while passing the next state budget on time for the third year in a row.

Comment?

Related Topix: Healthcare Law, Law, US Governors, Tom Corbett, Personal Finance, Pennsylvania, Harrisburg, PA

Myrtle Beach Online

Q&A: Vanguard founder sees retirement system as broken, but curable

Few American business leaders are as connected to the concepts of saving and long-term investing as John C. Bogle, founder of the Vanguard Group.

Comment?

Related Topix: Personal Finance, Retirement, Social Security, Business News

Mirror.co.uk

Pensions: Cost of retirement on the rise according to Office for National Statistics data

Data from the Office for National Statistics shows that the amount of money a man of 65 needs to obtain a retirement income of A 5,000 per year has increased by a whopping 29% in the last three years.

Comment?

Related Topix: Personal Finance, Retirement

The Providence Journal

Block Island's state nurse retires at age 86, after over five decades in post

A milestone worth noting: After more than 54 years nursing her fellow Block Islanders back to health, Mary Donnelly has retired.

Comment?

Related Topix: Block Island, RI, Personal Finance

Detroit News

Clean up Detroit pension fund

Detroit's pension assets are a big, inviting honey pot. And a lot of folks lately have put their hands in the honey jar.

Comment?

Related Topix: Detroit, MI, Opinion

Sun May 19, 2013

Sacramento Bee Newspaper

Editorial: UC must resolve wide pay gap at heart of dispute

Thirteen thousand patient-care technical workers plan a two-day strike of the five UC Medical Centers – Davis, Los Angeles, San Francisco, Irvine and San Diego – starting Tuesday.

Comment?

Related Topix: Personal Finance, Retirement, Opinion

Daily Herald

State workers anxious as lawmakers debate pensions

An Illinois agency manager might have to delay retirement. A former university secretary wonders if she'll have to cancel vacations.

Comment?

Related Topix: Personal Finance, Retirement, Illinois, Illinois Government

This Is Money

Pension liberators need to go to jail wipe out retirement savings

Like all successful financial scams, 'pension liberation' schemes seem attractive, giving you access to retirement funds before 55, the usual age at which they can be turned into income for life.

Comment?

Related Topix: Personal Finance, Retirement, Home, Mortgage

Daily Herald

Fire chief's pension, sick pay outrageous

I would think every taxpayer who doesn't work for the government would be outraged over the obscene $95,640 per year pension the ex-Carpentersville fire chief who retired under a cloud of suspicion is receiving.

Comment?

Related Topix: Personal Finance, Carpentersville, IL

The Guardian

Let me go with my headphones on | Jenni Murray

Oh good grief, I thought, when I read the research on retirement and health - it's a conspiracy! How clever of a government that's so strapped for cash to find a way of sweetening the pill of an ever-rising retirement age .

Comment?

Related Topix: Personal Finance, Life, Hobbies, Conspiracy Theory

Detroit Free Press

Stocks surge buoys pension plans, may help restore cuts to services

Public pension plans in Michigan - hammered by stock market declines in the poor economy and mismanagement in some cases - are now seeing their investment portfolios growing at the best rate in years.

Comment?

Related Topix: Personal Finance, Financial Markets, Michigan, Retirement

Sat May 18, 2013

Chicago Chronicle

Cullerton Madigan square off with competing pension reform plans

That trend line once again has legislators contemplating more cuts to social services and education despite a major state income tax increase in 2011.

Comment?

Related Topix: Personal Finance

Free Republic

Christie administration warns it might not make full pension payment in future years

Gov. Chris Christie has warned potential investors there is no guarantee the state will make its required pension payments in future years, an admission that underscores a looming financial crisis he and future governors face as retirement costs are expected to explode before the decade ends.

Comment?

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

Detroit News

Detroit EM weighs options after pension trustees go to Hawaii

Emergency Manager Kevyn Orr may place more safeguards to ensure Detroit's pension trustees are spending money wisely in the wake of a scheduled trip by some trustees to a conference in Hawaii.

Comment?

Related Topix: Personal Finance, Retirement