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Pension News

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

5 min ago | Accountancy Age

KPMG: Pension liabilities climb by 60% over five years

PENSION LIABILITIES continue to outstrip asset performance, despite assets performing well over the period, a survey by KPMG has found.

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Related Topix: Personal Finance

1 hr ago | This Is Money

One in five firms will freeze or cut wages to pay for staff pensions after introduction of new rules

Hard-pressed bosses are planning to 'freeze or cut' their workers' salaries as a result of the Government's state pension reforms, a bleak report warns today.

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Related Topix: Personal Finance

Thu May 23, 2013

Wheeling News

Clear Up Teacher Pension Statute

More than 200 men and women who think of themselves as teachers and are employed as such by the Jefferson County Educational Service Center have been informed that, at least for purposes of planning their retirements, they are not.

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Related Topix: Personal Finance, Ohio

Detroit News

Throw Detroit pension trustees overboard

Scores of public sector pension fund administrators are skipping this week's annual National Conference on Public Employee Retirement Systems in Hawaii for fear that the lavish junket sends the wrong message at a time when public pensions are struggling.

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Related Topix: Personal Finance, Detroit, MI, Retirement, Opinion

Mail & Guardian

Shock move on Zimbabwe pension contributions

The Zim government has increased compulsory pension contributions to bail out the National Social Security Authority, which funded the referendum.

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Related Topix: Personal Finance, Social Security, Retirement

Monterey County Herald

Pacific Grove residents ask court to force pension election

Residents seeking to invalidate public-safety pensions approved in 2002 by the Pacific Grove City Council are going to court to get their rollback initiative before city voters.

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Related Topix: Personal Finance, Monterey County, CA, Criminal Defense Law, Law

MarketWatch

Church employees fight pension loopholes

Most defined-benefit pension plans are required to pay into an insurance fund run by the federal Pension Benefit Guarantee Corp.

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Related Topix: Personal Finance, Retirement

Patch.com

Alleged Embezzler's Pension Could Get Frozen

The pension South Whitehall Utilities Supervisor Nancy Tonkin earned over 30 years could be frozen if she is judged guilty of embezzling $850,000 from the township, according to Township Manager Jon Hammer.

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Related Topix: Personal Finance, Whitehall, PA, Criminal Defense Law, Law, Lehigh County, PA

The Press Democrat

Santa Rosa plans to refinance $35 million in pension bonds

Santa Rosa plans to refinance about $35 million in pension bonds in an effort to control costs and prevent the city credit rating from slipping further.

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Related Topix: Personal Finance, Santa Rosa, CA, Sonoma County, CA

Reuters

COLUMN-Hallelujahs ring after IRS reverses church pension rule

The former nurse and hospital executive recently won a 10-year battle to get the IRS to reverse a ruling that would have cost her and her husband, Riz Corpuz, $2,500 a month in pension benefits from their former employer, the now-defunct Hospital Center at Orange in New Jersey.

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Related Topix: Personal Finance, Tax, New Jersey

IcDumfries

Watchdog in pay-off funds warning

Two-fifths of a half-billion-pound public sector pay-off fund was shared by just 1,200 high earners, the spending watchdog has found.

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Related Topix: Personal Finance, Retirement

Mirror.co.uk

Elderly lost in benefits maze: A 5.5bn worth of benefits unclaimed by pensioners

A shocking one in three pensioners are struggling to make ends meet as bills for everyday essentials continue to rocket and incomes fail to keep up.

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Related Topix: Family, Elderly (Senior Citizen), Personal Finance

Wed May 22, 2013

Christian Science Monitor

In Los Angeles mayor's race, a big win for Eric Garcetti

Los Angeles mayoral candidate Eric Garcetti arrives for an election night rally on Tuesday in the Hollywood area of Los Angeles.

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Related Topix: Los Angeles, CA, Hollywood (Los Angeles, CA), Claremont, CA, Claremont McKenna College

The First Post

David Nicholson: A 2m pension pot is 'reward for failure'

EMBATTLED NHS boss Sir David Nicholson is being "rewarded for failure" by retiring with a pension pot worth almost A 2million, it has been claimed.

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Related Topix: Personal Finance

The Florida Times-Union

Jacksonville reaches pension deal with general employees union

The union representing most of Jacksonville's non-public safety government workers has tentatively agreed to a package of pension changes that would mainly affect only new workers.

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Related Topix: Personal Finance

The Baltimore Sun

Council to consider mayor's proposed pension changes

With the city retirement system short hundreds of millions of dollars in unfunded liabilities, officials say they are likely to begin requiring municipal employees to contribute to their pensions.

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Related Topix: Personal Finance, Retirement

Maldonandburnham Standard

Coalition stays together, says PM

The Prime Minister dismissed suggestions that the Government is running out of steam, telling BBC Radio 4's Today programme there are some big, bold reforms ahead.

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Related Topix: Personal Finance

Pensions & Investments

Harkin wins public service award for 'bold' universal pension proposal

IFEBP President and board Chairman George Laufenberg, administrative manager for the $2 billion New Jersey Carpenters Funds, Edison, praised Mr.

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Related Topix: Personal Finance, Retirement

Tue May 21, 2013

Reuters

Scandal or not, one SAC investor can't get enough of Steve Cohen

As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money.

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WOZZ-FM Appleton

JFC approves surcharge for smokers, 'double dippin...

The Legislature's Joint Finance Committee voted 13-to-3 Tuesday to make smokers pay a $50 surcharge per month for their health coverage.

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Related Topix: Scott Walker, US Governors, Personal Finance