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 […]
Retirees' Pensions Were Restored. Debate About It Hasn't Died. – The New York Times
Kathy Greene never paid much attention to what was happening in Congress. But when she learned that her pension would be cut by up to 30% under federal law, she became concerned. Green, who lives in Lake Stevens, Washington, applied for benefits in 2015 after plan participants warned her plan could fail. Her pension was […]
3M to freeze pensions for non-union employees in 2028 – KSTP
Minnesota-based company 3M announced updates to its U.S. non-union pension plan starting in 2028. according to statement issued by the companyPension-eligible employees will continue to receive benefits under the pension plan until the freeze date of December 31, 2028. This decision applies to both 3M and future independent healthcare company U.S. pension plans. Former employees […]
Minnesota-based 3M freezing pensions for non-union employees in 2028 – Star Tribune
3M announced Monday that it will freeze its U.S. non-union pension plans at the end of 2028. The cost-cutting measures apply to 3M employees and employees of the healthcare company that is spinning off this year. “This is an important decision for 3M and will help set both companies up for future success,” CEO Mike […]