Pension News

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

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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