Head of Ohio's teacher pension fund retires Sunday, saying fund is strong despite staff vacancies – The Associated Press
COLUMBUS, Ohio (AP) — Ohio University chief to step down Retirement benefit system for problematic teachers Despite the turmoil at the top, which her successor will inherit, she said she is leaving the fund in a strong financial position. In a recent interview with The Associated Press, Acting Executive Director and Chief Financial Officer Lynn […]
Illinois Has the Worst Public Pension Debt Bomb in the Country
Illinois has the worst public employee pension deficit in the country, even more so than populous California. In fact, Illinois' shortfall exceeds the shortfalls of about 36 other states combined. Illinois' shortfall to fully cover pension promises to public employees is $172 billion, worse than California's $140 billion shortfall, worse than New Jersey's $90 billion […]
Lawmakers confront costly choices as state workers rally for better pension benefits – Chicago Tribune
SPRINGFIELD — Kristen Perez, a nurse in her 30s, cringes at the idea of working until she's nearly 70. But because changes were made to the state's vastly underfunded pension system 13 years ago, employees like Perez, who were hired by the state after the changes took effect, are given the same retirement as their […]
JPMorgan Chase Denies $53,000 Pension Payout, Widow Says Bank Treated Her Like ‘Insignificant Cockroach To Be Stepped On’: Report – The Daily Hodl
JPMorgan Chase & Co. is refusing to pay a monthly pension to a widow whose husband worked at the bank for 10 years before his untimely death. Elaine Silverberg's late spouse, Melvin, worked as a systems analyst at Chase Manhattan Bank from 1969 to 1979. report New York Post. Melvin died of multiple organ failure […]
Pension changes: How you could be affected – BBC.com
Getty Images Speculation is mounting that the way pensions are taxed could be changed in the Budget. Chancellor Rachel Reeves has said £22bn will need to be raised, and some experts say changes to workplace and personal pension schemes could be used to free up some of this money. claims. This is separate from other […]
Reeves mulling national insurance on employer pension contributions | Tax and spending
Rachel Reeves is considering introducing national insurance for employer pension contributions as a way to increase revenue for the budget. Treasury officials are considering the possibility of a levy, with experts saying it could raise up to £17bn for the Exchequer. Labor's manifesto includes a pledge not to raise national insurance as part of “tax […]
Polish Billionaire’s Family Row Irks Pension Fund as Stock Drops – Yahoo Finance
(Bloomberg) — Polish billionaire Zygmunt Sorolc has forced his two sons out of the business, deepening a family feud over control of his conglomerate, causing its valuation to fall and a powerful minority investor Concerns have increased. Most Read Articles on Bloomberg Mr. Sorolc's investment company, which controls Warsaw-listed electricity company ZE PAK SA, removed […]
Minnesota teacher pension fund under Tim Walz ‘blatantly cooked,’ investigator finds: ‘Undetected for decades’ – New York Post
Minnesota's state retirement system books were “blatantly falsified” and secretly covered up under Gov. Tim Walz's watch, pension investigators have discovered, leaving Minnesota's teachers as vice presidential candidates. They are pleading with the public to tell the truth about their lackluster investment performance and huge pensions. Hidden charges. Edward Seidle, a former U.S. Securities and […]
Both acting head and CIO of Ohio retired teachers’ pension fund resign amid controversy – News 5 Cleveland WEWS
COLUMBUS, Ohio — The acting executive director and chief investment officer of the Ohio Retired Teachers Pension Fund have resigned after months of controversy. A day after my exclusive 45-minute interview, Lynn Huber, acting executive director of the State Teachers Retirement System (STRS), resigned effective December 1st. Chief Investment Officer Matt Worley also resigned effective […]
A California Gen Xer who retired early to Colombia on a $3,423 monthly pension explains how much he pays for housing and other bills – Business Insider
For Jeremy Teitelbaum, the weather in Pereira, Colombia, is like “eternal spring.” The 56-year-old never tires of the cool breezes, light rain and steady sunshine. Teitelbaum moved to the city about a year ago, after health fears led him to leave a career as a speech communications instructor in San Luis Obispo, California, and move […]