German specialists suggest increasing the retirement age to 73 to protect pensions; currently it’s 65. Could the U.S. do the same?
Germany, like many developed nations, is experiencing challenges due to an aging population, leading to concerns about the sustainability of its pension system. A proposal to address this issue has been put forward by a group of economic experts. They suggest increasing the retirement age from 65 to 73 by 2060. Germany is not alone […]
Ex-employees of St. Clare’s achieve court victory for their pensions
Schenectady Court Rules in Favor of Former St. Clare University Employees SCHENECTADY, N.Y. – A group of former employees from St. Clare University achieved a significant legal win regarding their pensions on Friday. Following a lengthy trial, a jury determined that the pension funds had been poorly managed, resulting in a ruling for over $54 […]
Final arguments occur in the case of former St. Clare’s staff trying to obtain their pensions.
Pension Struggle for Former St. Clair Employees SCHENECTADY, N.Y. – On Thursday, closing arguments were presented in a lengthy trial concerning former employees of St. Clair University who are seeking to reclaim their pensions. Approximately 1,100 pensioners allege mismanagement of the pension fund, which collapsed in 2018. The lawsuit was initiated by the New York […]
Pensions move away from US stocks due to concerns about AI.
In today’s issue of the FT Asset Management newsletter, we explore developments affecting a vast global industry worth trillions. Here’s a quick look at what’s inside: UK pension funds are divesting from US stocks due to concerns regarding AI. Bond investors are wary about the implications of a new Federal Reserve chair. Predictions suggest a […]
Merz in Germany achieves pensions bill, but conflict reveals leadership struggles
German Chancellor’s Pension Bill Passes Amid Internal Strife On December 5, 2025, German Chancellor Friedrich Merz managed to avoid a governmental crisis by securing an absolute majority for a pension bill in the Bundestag. However, this victory came amidst a noticeable revolt within his own conservative party, revealing some weaknesses in his leadership. The pension […]
Retirement of Pelosi and Greene brings $38 million annual benefit for former lawmakers into focus: ‘Abolish pensions in Congress’
A significant number of Congress members, including Rep. Marjorie Taylor Greene (R-Ga.) and Rep. Nancy Pelosi (D-Calif.), are set to retire without pursuing re-election next year, leading to an estimated taxpayer expense of around $38 million annually in pension benefits. The unexpected announcement of Greene’s retirement, along with the substantial pension Pelosi will receive after […]
Rep. MTG’s retirement sparks discussion about congressional pensions
Questions Arise Over Benefits Following Greene’s Resignation WASHINGTON – The impending resignation of Georgia Republican U.S. Representative Marjorie Taylor Greene from Congress has led to numerous inquiries and some misunderstandings regarding the healthcare and pension benefits that lawmakers receive after leaving office. The rules concerning these benefits can be quite complex, influenced by when a […]
Bankrupt Yellow reaches agreement with pensions aiming for billions
Yellow Corp Settles Pension Claims Yellow Corp has come to an agreement with 14 pension plans that were pursuing over $7.4 billion from the company, which has been in bankruptcy. Recent documents filed in Delaware Bankruptcy Court reveal that the pension plans will accept lower payments, thus resolving years of disputes regarding Yellow’s financial capacities. […]
NYC comptroller calls for city pensions to withdraw $42bn mandate from BlackRock
NYC Finance Official Calls for Divestment from BlackRock New York City’s finance chief has urged three of the city’s largest pension funds to cut ties with BlackRock, which manages over $42 billion, in an effort to leverage their market power to combat climate change. City Auditor Brad Lander highlighted on Wednesday that BlackRock, along with […]
Greene’s retirement sparks discussion on congressional pensions
Georgia Congresswoman’s Resignation Raises Questions on Benefits WASHINGTON — The impending resignation of Georgia Republican U.S. Rep. Marjorie Taylor Greene has led to various inquiries and some confusion regarding the healthcare and pension benefits available to lawmakers after they leave office. This system can be a bit tricky, often depending on when a legislator starts […]