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 […]
Fired Transgender Air Force Personnel File Lawsuit for Pensions and Benefits
Transgender Air Force Members File Lawsuit Against Federal Government Seventeen transgender members of the Air Force, who were discharged due to the transgender ban instituted during the Trump administration, have initiated a lawsuit against the federal government. They claim they were unfairly stripped of their pensions and other benefits after being forced into early retirement. […]
“We’re feeling discontented.” My wife and I are retired in Wisconsin with two pensions and an annual income of over $75,000. However, our retirement savings decreased by $45,000 this year. We need help.
“My wife and I are retired and living in Wisconsin, collecting Social Security. I also have two pensions and earn over $75,000 each year. Earlier this year, I noticed a drop of $45,000 in my retirement savings. I currently work with two financial advisors, but I’m not satisfied with the results. Should I consider hiring […]
Maryland Workers Are Striving to Withdraw Their Pensions From Israel’s Atrocities
Maryland Pension Fund Increases Investments in Israeli Bonds Maryland’s public pension fund has raised its investments in Israeli bonds to $74 million this year. On a chilly but bright October morning, Grace Smith, 42, a middle school teacher from Baltimore County, attended the annual Statewide Teachers Union Convention in Ocean City, Maryland. Alongside two colleagues […]
Savers in the UK are withdrawing cash from their pensions before the budget, according to money managers.
Pension Withdrawals Surge in the UK Amid Budget Speculation LONDON, Nov 5 – A noticeable increase in pension withdrawals is being reported by British asset managers as concerns grow regarding potential tax changes ahead of the upcoming budget. The government has indicated that “difficult choices” will need to be made to manage public finances. Currently, […]
Fain: Pensions and retirement health care essential in upcoming contract with Detroit 3
UAW President’s Labor Day Speech in Detroit United Auto Workers (UAW) President Sean Fain addressed attendees in a live-streamed town hall on September 11, celebrating the union’s recent agreement with the Detroit automakers. The speech, held at the Detroit Solidarity House, emphasized the urgency as the contract with Ford, General Motors, and Stellantis nears its […]
Seven million will not benefit from an increase in state pensions.
Pensioners Facing Changes in State Benefits Approximately 7 million pensioners may miss out on potential increases to their state pensions starting in April. This situation arises because some are receiving additional revenue-related pensions, known as SERPs or state second pensions, which don’t fall under the government’s triple-lock system. The triple-lock, implemented in 2011, guarantees that […]
Typical New York City Firefighter Pensions Exceed $170K
In the wake of last year’s retirements, New York City firefighters are seeing an average annual pension of $171,336—a 13% increase from the previous year, according to new statistics from the Empire Center’s Government Transparency Website. Among the 430 recent retirees who had served for at least 20 years, 108 were set to receive pensions […]
What will happen to the pensions of Kodak employees? Here’s what is at risk
Kodak’s Pension and Future Challenges What will happen to the pensions of former Kodak employees? The recent situation has raised concerns about the company’s potential closure. Those partaking in defined profit retirement plans will need to explore temporary payment options by the end of 2025, as plans are being concluded. Alternatively, there may be an […]