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Pension News

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

2 hrs ago | Journalgazette.net

Insurance firms seen as savior of pensions

Does it make sense for local governments to turn over the assets of their employee pension plans to insurance companies, who would in turn make monthly payments to retirees? That is the idea at the heart of a bill touted by Sen. Orrin Hatch, R-Utah, for more than a year. On Wednesday, Hatch's proposal, aimed at getting local governments and states off the hook for future pension liabilities, got a big thumbs-up from the nonpartisan Urban Institute.

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Related Topix: Personal Finance, US Politics, Orrin Hatch, US News, US Senate, Republican, Retirement

2 hrs ago | Newsday

VIDEO: Will you cope on your pension?

For the government it is a ticking financial 'timebomb'. For individuals it could mean years of financial hardship in retirement.

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Related Topix: Personal Finance, Hampshire County, England, World News, United Kingdom,

Sun Sep 14, 2014

Post-gazette.com

Pension overhaul languishing in Pa. Legislature?

Legislators returning today to the Capitol are expected to take up several bills during their monthlong stint before the election, but there is little sign yet that the pension overhaul promoted by Gov. Tom Corbett will be among those headed to his desk. House Republicans' efforts to pass the legislation remaking retirement benefits for future state and public school workers consumed significant energy in the lead-up to the signing of the state budget in July.

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Related Topix: Personal Finance, US Governors, Tom Corbett, US News

Daytona Beach News-Journal Online

Pension future hinges on Crist/Scott race

Riding a strong stock market, the Florida pension fund had a robust year, earning 17.4 percent in returns and rising to $149 billion. But big changes may loom ahead for the nation's fourth-largest public pension fund, impacting the more than 1 million state workers, school employees, county workers and retirees that rely on the Florida retirement system.

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Related Topix: Personal Finance, Florida, Retirement, Rick Scott, US Governors, Charlie Crist

The Orlando Sentinel

Good idea to convert to Roth IRA

Q: I will retire in 2016. My pension and Social Security for me and my wife will more than provide enough money for our spending needs.

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Related Topix: IRA, Personal Finance, Business News

My FOX Chicago

Chicago alderman challenging Emanuel for mayor

A Chicago alderman said Saturday he'll challenge Mayor Rahm Emanuel in 2015, saying the city deserves a leader who looks out for everyday people. Ald. Bob Fioretti, a member of the City Council's progressive caucus and a frequent critic of Emanuel, ripped the former White House chief of staff for closing some 50 neighborhood schools, cutting public-employee pensions and not doing enough to stop the violence that has left too many families grieving.

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Related Topix: US Politics, US News, US House of Representatives, Democrat, Rahm Emanuel

Daily Mail

Number of public sector bosses on A 100,000-a-year pensions DOUBLES ...

Bride-to-be whose fiancA© died just days before their wedding has a heartbreaking photo shoot in her dress 'to say goodbye' Number of public sector bosses on A 100,000-a-year pensions DOUBLES despite government vow to slash burden on taxpayers The number of former public sector workers with pensions in excess of A 100,000 has more than doubled over the past three years to 395 according to new research by the Intergenerational Foundation. The body collated figures from the civil service, health, military, teaching and judiciary to assess the size of the problem.

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Related Topix: Wedding

Trinidad Guardian

The last train

"Technological changes along with the development of a significant LNG export capacity from the United States could pose a long-term threat if it significantly expanded global natural gas supplies. However, local producers are confident that demand for natural gas will continue to outstrip supply."

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Related Topix: Trinidad and Tobago, World News, Central America, Patrick Manning

Daily Mail

Number of public sector bosses on A 100,000-a-year pensions DOUBLES ...

Bride-to-be whose fiancA© died just days before their wedding has a heartbreaking photo shoot in her dress 'to say goodbye' Number of public sector bosses on A 100,000-a-year pensions DOUBLES despite government vow to slash burden on taxpayers The number of former public sector workers with pensions in excess of A 100,000 has more than doubled over the past three years to 395 according to new research by the Intergenerational Foundation. The body collated figures from the civil service, health, military, teaching and judiciary to assess the size of the problem.

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Related Topix: Wedding

Trinidad Guardian

The last train

"Technological changes along with the development of a significant LNG export capacity from the United States could pose a long-term threat if it significantly expanded global natural gas supplies. However, local producers are confident that demand for natural gas will continue to outstrip supply."

Comment?

Related Topix: Trinidad and Tobago, World News, Central America, Patrick Manning

Sat Sep 13, 2014

Investopedia

Pension Plans: Pain Or Pleasure?

You probably already know a little bit about pension plans - either you have one or someone you know does - but the financial underpinnings behind a pension are familiar to few. Pension offerings have become scarce in the private sector, and it's important to understand why.

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Related Topix: Personal Finance, Retirement, Social Security

My FOX Chicago

Chicago alderman challenging Emanuel for mayor

A Chicago alderman said Saturday he'll challenge Mayor Rahm Emanuel in 2015, saying the city deserves a leader who looks out for everyday people. Ald. Bob Fioretti, a member of the City Council's progressive caucus and a frequent critic of Emanuel, ripped the former White House chief of staff for closing some 50 neighborhood schools, cutting public-employee pensions and not doing enough to stop the violence that has left too many families grieving.

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Related Topix: US Politics, US News, US House of Representatives, Democrat, Rahm Emanuel

Business Insurance

Marietta, Georgia, extends pension benefits to married same-sex couples

City council members voted 6-1 in favor of an amendment to Marietta's personnel rules and regulations allowing legal spouses of gay and lesbian city employees to receive annuity payments and other survivor benefits under the city's defined benefit pension plan. Prior to the council's vote on Wednesday, Mayor Steve Tumlin said the amendment was primarily intended to bring the city's pension plan into compliance with Internal Revenue Service regulations revised in 2013 to reflect the U.S. Supreme Court's invalidation of Section 3 of the Defense of Marriage Act.

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Related Topix: Cobb County, GA, Marietta, GA, Personal Finance, Gay/Lesbian, US News, US Supreme Court

Eastlothian Today

MSPs clash over pension proposals

Lothian member Gavin Brown says local residents should be concerned that only four of 30 proposals have been costed in the recently-published "Pensions in an Independent Scotland". Mr Brown said: "For many pensioners across East Lothian, independence raises serious and worrying questions over what will happen if there's a Yes vote.

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Related Topix: Personal Finance, Lothian County, Scotland, United Kingdom, World News,

Reason Foundation

The Golden State's Pension Reforms Get Spiked

On Tuesday, a California Public Employee Retirement System committee approved a proposal that would allow 99 types of supplemental pay benefits to count toward state and local government employees' pension benefits, nullifying, by administrative fiat , one of the key anti-spiking provisions in California's Public Employees Pension Reform Act of 2013 . Several of the 99 special pay categories are questionable in nature, but the biggest controversy was whether "temporary upgrade pay," for employees receiving temporary promotions, should be allowed to factor into pension calculations.

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Related Topix: Personal Finance, California, Jerry Brown, US Governors, August, CA, Elk Grove, CA

Pensions & Investments

San Diego County pension fund sues county over salary caps

San Diego County Employees Retirement Association has sued San Diego County to allow it to set the salary of all of the $10 billion pension fund's employees.

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Related Topix: San Diego County, CA, Personal Finance

Fri Sep 12, 2014

Sunday Herald

Pension fears raised ahead of referendum

Burning questions about pensions in an independent Scotland have yet to be answered on what is proving to be a crucial battleground on the eve of the referendum. Burning questions about pensions in an independent Scotland have yet to be answered on what is proving to be a crucial battleground on the eve of the referendum.

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Related Topix: Personal Finance, Retirement

Windsor Beacon

Court: Ariz. must recognize same-sex couple's marriage

A federal judge has issued an emergency order requiring Arizona to recognize the California marriage of Green Valley couple Fred McQuire and George Martinez. McQuire and Martinez are among the plaintiffs in a lawsuit filed in March challenging Arizona's definition of marriage as only between a man and a woman.

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Related Topix: California, Personal Finance

Quebec Chronicle-Telegraph

Chicago 'Burb Dumping Fire Department Due to Pension Debts

North Riverside, Illinois, a community of less than 7,000 west of Chicago, claims it cannot afford to sustain its own crew of firefighters. After the firefighters union apparently refused to sign on to an agreement where existing firefighters would be slowly replaced by a privatized force after they retired or left the village over the next decade, the city is now going to sue to just dump them all now and replace them with a private employer.

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Related Topix: North Riverside, IL, Personal Finance, Riverside, IL

Detroit Free Press

Former administrator of Detroit's employee pension plans pleads guilty to child porn charge

Walter Stampor, 71, of Sterling Heights pleaded Wednesday, the day his trial was to start in Macomb County Circuit Court. / Michigan Attorney General's Office The former top administrator of Detroit's two city employee pension plans pleaded guilty this week in Macomb County to charges of downloading child pornography.

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Related Topix: Personal Finance, Sterling Heights, MI

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