UK pensions shake-up proposes traffic-light scheme | Pensions industry
Workplace pension schemes could be assessed on a traffic light system based on plans designed to help savers make the most of their retirement savings. About 16 million workers save for retirement through defined-contribution pension plans, but the income they ultimately receive depends on a variety of factors, including the performance of the funds in […]
Democrats put a spotlight on more than 1 million pensions saved under a 2021 law – The Associated Press
Washington (Associated Press) election As the election nears, Democrats are trying to remind Pennsylvania’s union voters that many workers’ pensions have been preserved as part of a COVID-19 pandemic-era aid package. The White House said as of Friday that pension savings for more than 1 million union workers and retirees would result. Butch Lewis ActIt […]
Democrats put a spotlight on more than 1 million pensions saved under a 2021 law – Yahoo Finance
Washington (Associated Press) election As the election nears, Democrats are trying to remind Pennsylvania’s union voters that many workers’ pensions have been preserved as part of a COVID-19 pandemic-era aid package. The White House said as of Friday that pension savings for more than 1 million union workers and retirees would result. Butch Lewis ActIt […]
Public pensions, Social Security retirement benefits: What to know – The Boston Globe
That meant she was earning about $3,100 a month to live on, combining her survivor’s pension and state pension. That was enough to cover her living expenses and give her some breathing room, but then the Social Security Administration, apparently after a routine audit, determined that they had mistakenly overpaid her for more than a […]
Baby boomers are much more worried about the NHS than their pensions, Mr Sunak | Torsten Bell
ohOne week down, five to go. Good luck, everyone. What have we learned? The Conservatives plan to throw around a bunch of different policies. Well, that’s OK. Talking about wild new ideas for the future avoids conversations about the past (stagnant wages and ubiquitous potholes mean the public has pretty much made up its mind […]
Steward pensions face new questions with hospitals in bankruptcy – The Boston Globe
“Bankruptcy is [pension] “The plan is going to fail,” said Julie Pinkham, executive director of the Massachusetts Nurses Association and a trustee of the Nurses Retirement System. “We won’t know until we see how things play out for the hospitals.” The future of pensions — whether workers can count on them for the long term […]
Kirsten Gillibrand, Joni Ernst introduce bill to strip federal pensions from convicted sex criminals in wake of FDIC sexual harassment report
Sens. Joni Ernst (R-Iowa) and Kirsten Gillibrand (N.Y.) are introducing legislation this week that would force federal employees convicted of certain sex crimes to have their pensions forfeited. . Federal agents convicted of treason, sedition, espionage, and other acts of subversion have already Banned From receiving pensions saved by taxpayers. The bill, called the “Prohibit […]
Top-rated NYPD cops to get $12K more each year in pensions as city tries to slow staff exodus
Top cops who remain on the job despite being eligible for retirement now have their pensions cut short as lawmakers seek to retain qualified officers after mass turnover in the NYPD. The Post has learned that the amount has increased significantly. The incentive, included in one of Albany’s recently signed budget proposals, increases the retirement […]
NY pols push to pad teacher, cop, gov’t worker pensions — and sock taxpayers with $4B bill
State lawmakers would make it easier to inflate the pensions of teachers, police officers and other state and local employees, costing taxpayers about $4 billion. New analysis shows. The proposed change, overwhelmingly supported by Paul in Albany after pressure from powerful labor unions in an election year, would immediately cost New York City taxpayers $163 […]
Staten Island DA and judge power couple criticized for ‘double dipping’ with six-figure pensions on top of $100K-plus salaries
The power couple of a Staten Island district attorney and a state Supreme Court judge are under intense scrutiny for taking a “double bottom” with their large taxpayer salaries and pensions. Prosecutor Michael McMahon and Judge Judith McMahon both earn six-figure salaries while also collecting government pensions likely exceeding $100,000, The Post has learned. Prosecutor […]