Sen. Josh Hawley’s proposal aims to eliminate pensions for individuals convicted of sex crimes.
Senate Republicans Push for Pension Reform Senate Republicans are taking steps to prevent members of Congress who are convicted of sex crimes from receiving retirement benefits funded by taxpayers. Senator Josh Hawley (R-Missouri) is introducing a new bill aimed at addressing a gap in federal law that currently allows pensions to be stripped for certain […]
Rep. Boebert promises to eliminate Swalwell and Gonzales’ pensions funded by taxpayers.
Rep. Boebert Calls for Termination of Pensions for Former Reps Rep. Lauren Boebert (R-Colo.) has pledged to work towards cancelling the pensions of former Rep. Eric Swalwell (D-Calif.) and Rep. Tony Gonzalez (R-Texas), who recently stepped down amid serious allegations of sexual assault and harassment. Boebert announced on X that she is actively pursuing measures […]
California is a sanctuary state, yet its public pensions fund companies collaborating with ICE.
California Pension Funds Invest Heavily in ICE Contractors California’s largest pension funds have reportedly put over $2.7 billion into firms working with Immigration and Customs Enforcement (ICE) and the Department of Homeland Security, according to a recent analysis. CalPERS, which manages retirement funds for public employees, has invested around $1.6 billion in various tech firms […]
Wayne County claims it overpaid two judges’ pensions by $1 million and might not be able to get the money back.
Wayne County’s Pension Overpayment Issue Wayne County has discovered it overpaid pensions for two retired judges by over $1 million. However, there’s uncertainty about whether the county will be able to recover all the funds. Last year, the Wayne County Retirement System found that they had drastically overpaid the pensions of David Szymanski and Richard […]
Sri Lankan legislators eliminate their pensions, fulfilling a campaign commitment
Sri Lanka Lawmakers Abolish Pensions Amid Economic Crisis In a significant move, Sri Lankan legislators voted on Tuesday to eliminate pensions, aligning with a major campaign promise from the Marxist-influenced ruling party, amidst widespread discontent due to the nation’s economic turmoil. The measure passed in the 225-member Parliament by an overwhelming 154 votes, with only […]
NYS reduced pensions for new employees, but some believe it was excessive.
ALBANY State legislators are looking into the possibility of reversing pension reforms put in place since 2011 that reduced benefits for public employees. While these changes might help attract and keep workers, they could also raise expenses for local governments and schools. In an attempt to manage surging pension costs, lawmakers established a new sixth […]
I’m 61. My wife and I have saved $1 million and will receive $14,000 monthly in pensions. We own three homes but won’t pay them off for another 28 years. Is retirement possible for me next year?
There’s a 61-year-old planning to retire at 62, receiving $3,375 monthly from a pension and $2,515 from Social Security, with a sizable $1 million in a 401(k). His wife, 68, has been retired for seven years with a lifetime pension of $10,000 per month. They own three homes, including two in California. Their Texas home […]
Massachusetts spent billions on pensions last year. Here are the top-paid retirees in the state.
Pension Insights in Massachusetts If someone is asking for numbers related to pension sustainability, it’s a clear sign that we have some serious issues, according to Charlie Chieppo from the Pioneer Institute in Boston. However, politically speaking, things don’t seem pressing yet. The highest pension recipient last year was Thomas D. Manning, who previously served […]
Massachusetts distributed $6.63 billion in pensions last year, with some exceeding $300,000.
“If numbers are what we’re focusing on, it really highlights a major sustainability issue,” noted Charlie Chieppo, a senior fellow at the Pioneer Institute in Boston. “But if we’re looking at it politically, we might not be as alarmed.” The highest salary for last year went to Thomas D. Manning, the former vice president of […]
Do Europeans think their pensions will be available when they retire?
As the EU’s demographic shifts towards an older population, Brussels is pushing member states to enhance their private pension frameworks. However, many people in France, Germany, Spain, and Italy believe that their national pension systems are already beyond affordable. Research from YouGov indicates that while citizens acknowledge the system’s financial challenges, they also see it […]