Pension News

Craig Bowen, the San Ramon Valley fire chief who retired in 2008, collects an annual pension of $310,000 a year, in part due to egregious pension spiking that persists in Contra Costa County.

Barry Miller , who has been head of private equity for the New York City Retirement Systems , has decided to join Landmark Partners , a secondary firm to which the pension recently made a sizeable commitment.

Millions of workers could face pay cuts, freezes, or even redundancy as firms struggle to meet the extra cost of running new pension schemes under the Government's automatic enrolment project.

The treasury is taking a tough stance on the retirement industry, which it believes has costly fees and is not doing enough to assist people with saving.

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.