Should New York’s $270B pension fund let go of Wall Street?
The Candidate for New York’s Chief Money Manager A candidate vying for the role of Chief Money Manager in New York has announced plans to pull the state’s extensive pension fund—currently the third largest in the US—away from Wall Street firms. Drew Warshaw is in the race for New York State Secretary, a position that […]
Germany plans to increase the ‘mother’s pension’
Pension Increase for Parents in Germany Set for 2027 The Christian Social Union (CSU), which is associated with Bavaria, is the sister party to Prime Minister Friedrich Merz’s conservative Christian Democratic Union (CDU). After some delays, the “Mother’s Pension” initiative is now on track. This pension increase for parents with children born prior to 1992 […]
9/11 veteran says FDNY is denying him benefits and pension
Veteran Firefighter Sues FDNY Over Allegations of Discrimination A decorated Army veteran, Leonard Doraves, has filed a $2 million lawsuit against the FDNY, claiming the department unlawfully denied him his reinstatement and benefits as a veteran. Doraves, who has served in both Iraq and Afghanistan since the September 11 attacks, argues that the FDNY is […]
Study reveals that Illinois has the most severe government pension crisis in the country.
Illinois is grappling with the most severe public pension crisis in the United States. A recent analysis by the Equable Institute reveals that the state’s pension plans face significant financial instability, posing risks not only to retirees but also to taxpayers. This situation emphasizes the urgent need for reform. The Equable Institute’s annual report shows […]
Getting paid for results? How Oregon pension managers can increase their earnings even when investments decline.
Oregon’s Pension Fund Struggles Amid Incentive Payments In 2022, the value of Oregon’s public pension investment fell by 1.55%, only earning $6.6 billion. This marked its poorest performance since the financial crisis of 2008, worsening an already significant funding shortfall. Interestingly, this year saw some of the highest earnings yet for the state’s civil servants […]
Pension Commission to investigate why 40% do not save adequately
Government Concerns About Future Pensioners The government has issued a warning that those retiring in 2050 might face worse financial situations than current pensioners, unless actions are taken to encourage retirement savings. The Department for Work and Pensions (DWP) has decided to bring back a pension committee to address these concerns, which have been around […]
Kehoe signs legislation reversing St. Louis firefighter pension changes
ST. LOUIS – A prolonged struggle regarding pension reform culminated in a positive outcome for the city’s firefighters union last Friday. This ordinance, which was initiated in March 2024, required state legislative approval, leading to the city council challenging the mayor’s veto. The newly ratified measure reinstated a previous pension committee, predominantly comprising firefighters, responsible […]
HR Attempted to Dismiss an Employee Just Before His Pension Started, But He Outwitted Them and Stayed Until Retirement
Workplace Politics and Pensions Workplace dynamics can get pretty ugly, especially when money and pensions come into play. Imagine your employer tries to push you out just before you’re on the verge of retirement. Would you simply allow them to let you go, or would you stand your ground? In a recent discussion, one veteran […]
Social Security answers all questions: this is the best age to retire and receive a full pension
Social Security Updates for Retirement Benefits in 2025 As we edge closer to 2025, the Social Security Administration (SSA) has modified the age criteria for earning full retirement benefits. This is particularly relevant for anyone considering retirement next year. Notably, turning 65 is no longer the full benefits benchmark. Reasons for the Changes in Retirement […]
California’s largest public pension fund is under investigation due to concerns from retirees.
California Pension Fund Alarm Recently, concerns have been mounting regarding the management of California’s largest public pension fund, which has left many retirees feeling anxious. Retired civil servants have been urging for an independent audit of the California Civil Service Retirement System, often referred to as CalPers, which manages around $500 billion. They’ve also attempted […]