St. Cloud Diocese Pension Plan Encounters $35 Million Deficit Impacting Close to 1,400 People
Concerns Rise Over Cuts to Pension Plans in St. Cloud Diocese ST. Cloud — Retirees and current employees in the Diocese of St. Cloud are expressing concern regarding significant reductions to their pension plans. Jeffrey Custer, a retired teacher who is part of a group seeking further information, mentioned that a letter was distributed to […]
Despite the push for ‘Buy Canadian,’ Canada’s major pension funds remain significantly invested in the U.S.
Despite concerns surrounding the U.S. trade conflict and President Trump’s assertions about Canadian sovereignty, Canada’s largest pension fund continues to make significant investments in the United States. This week, the Canada Pension Plan (CPP) announced that its assets have reached an all-time high of $780.7 billion, with 47% of these assets allocated to the U.S., […]
MTS decides to delay its pension issues, costing $51 million
Local Transit Authorities Address Fiscal Concerns On Thursday, local transit authorities managed to sidestep what they termed a “fiscal cliff” by implementing a significant reduction in employee pension contributions totaling $37.3 million over the next seven years—an overall cut of more than 26%. This action is expected to free up over $5 million annually, aiding […]
Leading Canadian pension fund suspends agreements with UAE company due to Epstein connections
Canada’s second-largest pension fund has decided to halt future investments in the UAE logistics firm DP World due to the company’s CEO, Sultan Ahmed bin Sulayem, and his connection to the late financier Jeffrey Epstein, who has a notorious history. A report by La Ques newspaper revealed this relationship, prompting the fund to state it […]
Canadian pension giant stops agreements with DP World due to chief’s connections to Jeffrey Epstein.
Canada’s second-largest pension fund has decided to halt future dealings with Dubai’s DP World, following unsettling revelations about the company’s CEO, Sultan Ahmed bin Sulayem, and his connections with convicted sex offender Jeffrey Epstein. The Quebec-based La Caisse pension fund, which has poured billions into various port projects globally, stated it would “join the company […]
Danish pension funds facing pressure to invest in local markets
Denmark Pushes Pension Funds to Invest Locally Amid U.S. Concerns The Danish government is urging the country’s vast pension sector, worth 5.5 trillion Danish kroner (around 737 billion euros), to channel more investments into the national economy. This comes as some retirement funds rethink their holdings in the U.S., spurred by worries about financial stability […]
Intermountain Health pauses pension plans. What implications does this have for employees?
Intermountain Health Freezes Pension Plan Intermountain Health plans to freeze its long-standing pension plan. This change will impact about one-third of its more than 68,000 employees. Factors influencing this decision include fiscal pressures, reduced government spending, and inflation. Intermountain Health, based in Utah, recently revealed its decision to end its long-running pension system. This step […]
Retired LAUSD teacher’s pension payments reinstated after being mistakenly declared deceased.
Retired Teacher’s Pension Resumes After Mistaken Death Claim A 94-year-old former teacher from the Los Angeles Unified School District has had her CalSTRS pension reinstated after being mistakenly declared deceased, as reported by her family. Gloria Wilson’s relatives reached out to a local news channel, seeking intervention after they discovered that her pension payments had […]
Stay calm and maintain your investments: key advice for safeguarding your pension during difficult periods
Resist early opt-outs Employers should automatically enroll eligible employees in a workplace pension scheme. To be eligible, employees must live in the UK, be aged 22 or older but below the state pension age, and earn at least £10,000 annually, which breaks down to about £192 weekly or £822 monthly for the tax year 2025/26. […]
Colombia’s second-biggest pension fund will provide access to Bitcoin.
Colombian Pension Fund to Launch Bitcoin Investment Fund AFP Protección, the second-largest private pension and retirement fund manager in Colombia, is set to introduce an investment fund focused on Bitcoin. Juan David Correa, the president of Protección SA, confirmed this development during an interview with Valora Analytique, a local news outlet. He mentioned that access […]