Houston retirees experiencing delays in pension payments for months
Nearly 300 retired city employees in Houston, a city led by Democrats, are reportedly still waiting for their pension payments months after opting for an early retirement package aimed at reducing costs. Local reports indicate that Mayor John Whitmire has pushed back against criticisms regarding the delays in payments from Houston’s Employee Pension Plan (HMEPS). […]
Many retired city employees have been waiting for months to receive their pension payments: ‘I need my money’
Retired City Employees Face Delays in Pension Payments Nearly 300 retired employees from Houston are reportedly waiting months to receive their pension payments after opting for an early retirement package aimed at cost reduction. Houston’s Mayor John Whitmire has defended the city’s Employee Pension Plan (HMEPS) amid complaints about the delays. He emphasized that the […]
New French prime minister willing to soften pension reforms
French Prime Minister Seeks Compromise on Pension Reforms The newly appointed French prime minister is proposing to soften President Macron’s contentious pension reforms, aiming to win support from leftists while maintaining a solid budget. Sébastien Lecornu, a close ally of the centrist president, faces the tough challenge of uniting the Socialist Party and conservative Republicans […]
RSA leader: Trump’s erratic actions jeopardize the stability of Alabama’s $17 billion pension fund
Concerns Over Alabama’s Birondor Fund Amid Economic Uncertainty The $17 Birondor Fund, which supports the pensions of many Alabama government employees and retirees, is experiencing a challenging phase as President Donald Trump enters the latter part of his second term. David Bronner, the CEO overseeing Alabama’s retirement system, has expressed concerns regarding Trump’s erratic tariffs […]
Zohran Mamdani aims to pull NYC pension funds out of Israel if he becomes mayor.
Zohran Mamdani’s Stance on NYC Pension Funds Zohran Mamdani, if he becomes mayor, intends to advocate for the sale of New York City’s pension funds linked to Israel. In a recent interview, he expressed, “I don’t believe we should maintain a fund that operates in violation of international law.” He made these comments during an […]
Is the German pension system destined to fail?
In 1955, Prime Minister Conrad Adenauer commented that “people always have children,” which came up during discussions on the pension scheme for the new federal republic. Under his leadership, Germany opted for a generational contract where the workforce funds retirees through salary contributions. This model relies heavily on a high birth rate and low life […]
California’s $500 Billion Pension Fund Divided Over Bitcoin Investment
Simply put CalPERS candidates have varied opinions on crypto investments, ranging from strong rejection to cautious analysis. The fund possesses 410,596 shares valued at $165.9 million, allowing for indirect Bitcoin exposure. One candidate indicates a willingness to keep the possibility of crypto investments on the table, while another emphasizes the potential of blockchain technology. During […]
The never-ending expense of the public sector pension system
Recent analysis from the Sunday Times highlights the significant financial burden posed by gold-plated public sector pensions. It indicates that existing inflation-linked retirement agreements could leave taxpayers with a staggering £1.3 trillion bill. There’s a clear disparity between the pensions of public and private sector employees. Public sector workers largely benefit from pensions funded by […]
Report: CT has significantly reduced its large pension debt
Connecticut’s Pension Liability Reductions Connecticut is grappling with significant pension liabilities, which have been a sticking point hindering tax cuts and essential services like education and healthcare for residents. However, a recent report from a nonprofit public policy group indicates that Connecticut has made considerable strides in addressing this burden by allocating surplus funds towards […]
Report warns KMT’s pension fund plan is risky
Finance: The KMT’s proposal to halt pension cuts may lead pension funds to go bankrupt in a few years, potentially jeopardizing intergenerational fairness, according to a report from civil servants. The draft law put forth by the Central and Nationalist Party (KMT) Caucus seeks to prevent pension cuts for civil servants, teachers, and military personnel. […]