A boomer couple who have pensions after working their whole lives said they're just scraping by after retiring: 'I can't imagine getting by on Social Security alone' – Business Insider
Nina, 72, and her husband James, 68, retired in 2012 expecting to enjoy a comfortable retirement. However, an unexpected turn of events meant their retirement was far from peaceful. The New England couple, who had retired with pensions after decades of public service work, never expected to endure lengthy hospital stays, lose two children, and […]
Aging Europe: Rising costs threaten EU pensions – DW (English)
Europe’s demographic time bomb has been ticking for decades, with European Union societies ageing and people living longer. Currently, more than a fifth of the European Union’s population is over 65 years old; this figure is expected to reach a third by 2050. The World Health Organization warned last year that in 2024, for the […]
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 […]