Pension News

Many hedge fund investors burned by last year's market meltdown will likely demand a system of checks and balances in which outsiders keep a closer watch over assets, data released Wednesday show.

How would you like to collect a monthly pension of $22,409 for the rest of your life? That's $268,908 annually - and it's the pension being enjoyed by a former top provincial health official who was bought out along with other executives after the province formed the Alberta Health Services superboard, says Edmonton Gold Bar Liberal MLA Hugh ...

By Megan O'Toole, National Post Growing public anger over Toronto's municipal strike has shone a spotlight on disparities between compensation in government jobs and the private sector, analysts say.

A California financial company on Wednesday agreed to repay $2 million to New York state's giant public pension fund after one of the company's former partners was implicated in paying a kickback to secure investment deals from the fund.

Researching warm-weather retirement destinations has been a mission for Catherine Keller and her sisters in recent years.

Declaring that lives must come first, the head of the Boston firefighters union pledged yesterday that his members would voluntarily staff fire companies that are temporarily browned out as the city carries out a plan to cut back on overtime spending.

Immigration to Canada would need to more than double from current levels, surpassing 600,000 a year, to offset the drag on living standards from an ageing population -- a scenario that is "unrealistic," a prominent think-tank warns in an analysis.

Gov. Jay Nixon has signed legislation giving Missouri veterans a tax break.Nixon signed several bills on veterans' issues Thursday during a ceremony at a veterans' home in Cape Girardeau.One measure phases in a deduction of military pensions from state income taxes.

Paul Kenny has been reappointed as Pensions Ombudsman, Minister for Social and Family Affairs Mary Hanafin has announced.

Mumbai, July 1 : ICICI Prudential Life Insurance today launched its Life Stage Assure Pension plan with guaranteed additions of up to 200 per cent of the first year premium.

Five public pension funds, including state funds in Ohio and Texas, have won the right to lead investor class-action lawsuits against Bank of America , over its Merrill Lynch acquisition, Reuters reports.

My Canada includes: Collective Bargaining: Yes, I know the strike by Toronto city workers means kids can't cool off in public pools, parents' best-laid summer child-care plans have gone awry and garbage bins are overflowing.

ANGRY pensioners who are facing a cut of as much as 50 per cent to their Visteon company pensions after the firm went bust have been mounting protests all week.

Wed, Jul 1, 2009 The Pacific Corporate Group, a company that helps big government pension funds decide how to invest their money, has agreed to pay $2 million to extract itself from a corruption investigation in New York.

Data collected by the federal government shows that most companies have abandoned the style of pension plan used by Southwestern Vermont Health Care that helped lead to a staggering $22 million dollar projected budget deficit for the health system.

Dwayne and Brenda Humphries at home in Mansfield, Tex. After 30 years' service, he receives $3,150 a month, including G.M. retirement pay and a G.M. payment in lieu of Social Security.

This week's rash of retirements by Boston firefighters seeking disability pensions is but one part of a wave of such departures across Massachusetts, as a pair of new state laws that could greatly diminish the pension benefits of public safety workers take effect today.

You know them when you meet them; people who are truly inspiring. I met Grace at what was possibly the worst time in her life.

In what Los Angeles city officials warned could be the beginning of a long and painful summer, the first handful of layoff notices were sent out Monday to six departments, which have two days to decide who goes.

Despite the nation being battered by recession in recent months, the number of Brits saving adequately for retirement has actually risen but nearly half are still failing to plan ahead, according to new research.