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Pension Funds

Social Security: Better Than Nothing but Less Than Ideal

Bob Jacobson | Posted 11.14.2011 | Politics
Bob Jacobson

The SS law as written 80 years ago needs serious revising. I don't mean cutting benefits, raising the age of eligibility, or wiping out the safety net. I mean making it relevant to our times.

Interest Rates and Investor Decisions: The Long and Short of It

Erik Oppers | Posted 11.13.2011 | Business
Erik Oppers

What drives the investment decisions of investors with a longer time horizon? Our research found these investors generally do not look at differences in interest rates among countries when deciding where to invest.

William Alden

Prospect Of U.S. Credit Downgrade Has Local Governments On Edge | William Alden | Posted 09.27.2011 | Business

NEW YORK -- For municipalities struggling to get their finances in order and for the professionals who oversee their investments, the battle being wag...

Court Rules Kraft's 401(k) Plan May Have Holes

Dan Solin | Posted 09.25.2011 | Business
Dan Solin

Notwithstanding the utter stupidly of selecting funds on the basis of past returns, this charade continues all over the country every day.

Consensus Pension Reform Plan -- Working Together For San Francisco Families

Edwin M. Lee | Posted 10.11.2011 | San Francisco
Edwin M. Lee

In order to preserve basic city services and critical safety-net programs, San Francisco has to address the large unfunded liabilities and unsustainable spending on employee benefits.

Pensions Set To Be Next Battleground For State Employees

The New York Times | Steven Greenhouse | Posted 08.15.2011 | Politics

First came the pay freezes and unpaid furloughs. Then came the higher contributions for health insurance. Now, in the most definitive sign yet that th...

Pension Funds Leading Investor Lawsuit Against Goldman Sachs

Posted 05.26.2011 | Business

(Reuters) - A Manhattan federal judge on Friday named three pension funds as co-lead plaintiffs in an investor lawsuit against Goldman Sachs Group Inc...

EU Bonds: Portugal Proving the Point & How You Can Profit

Gemma Godfrey | Posted 05.25.2011 | Business
Gemma Godfrey

Just what is at the root of the EU's troubles? And how do last week's events with Portugal exemplify the problem?

Public Pensions 101

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

There are powerful political actors in this country who are anxious to build a bridge back to the 19th century, taking us back to a time where working people enjoyed few protections and could not count on sharing in the gains of economic growth.

Zach Carter

An Overblown 'Crisis' For State Pension Funds | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- In early 2010, Goldman Sachs announced two blockbuster numbers: profits of $13.4 billion for the prior year and compensation of $16.2 bi...

States May Switch Pension Funds To 401Ks | Steven Greenhouse | Posted 05.25.2011 | Business

Lawmakers and governors in many states, faced with huge shortfalls in employee pension funds, are turning to a strategy that a lot of private companie...

Blame Wall Street, Not Hard Working Americans, for the Pension Funds Fiasco

William S. Lerach | Posted 05.25.2011 | Politics
William S. Lerach

What came from this era of de-regulation? Increased competitiveness, economic growth, wealth and prosperity? No -- instead we got repeated waves of financial fraud and wealth destruction.

We Fight to Preserve Public Sector Pensions and an Honest Pact

Gregory Floyd | Posted 05.25.2011 | Politics
Gregory Floyd

We must not forget that what is good for workers is good for America. It's true -- having quality public servants does have a cost. But that cost is well worth what the public receives in return.

Wisconsin Pension Cuts Are Actually About Cutting 'Cash Wages'

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Who really contributes to Wisconsin's public employees' pension funds? On Friday morning, the Wisconsin state assembly passed a bill that would, a...

Zach Carter

Wisconsin's Pension Fund Among Nation's Healthiest | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- While Wisconsin Gov. Scott Walker (R) has painted a dire picture of his state's pension obligations, Wisconsin's pension fund for public...

We Face Conflict With Courage and Composure

Gregory Floyd | Posted 05.25.2011 | New York
Gregory Floyd

Unions are facing their greatest threat in generations. Disputes over contract negotiations, work assignments and layoffs will seem like a day at the beach compared to the clash that is on the horizon.

State Pension Funds May Have Been Overcharged By Banks For Trades

Posted 05.25.2011 | Business

Prosecutors assisted by whistleblowers are widening an investigation into whether banks overcharged public pension funds in the United States by tens ...

WATCH: 60 Minutes On The 'Downward Spiral' Of State Budget Crises

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The future looks bleak for state and local government budgets. Even as states struggle to cut services, many could soon be in the position of New J...

Who's in Control?

Marian Salzman | Posted 05.25.2011 | Business
Marian Salzman

This is the tenth in a series of 12 posts expounding on the 2011 forecasts in the annual trends report from Salzman, president of Euro RSCG Worldwide ...

Teachers' $500B Pension Problem Stands To Leave Taxpayers Footing The Bill

Posted 05.25.2011 | Education

Now that the housing crisis is well underway, it's time to look forward to other lurking financial disasters. According to Time, the crisis to look ...

William Alden

Public Pension Funds 'Borrowing In Disguise,' Projecting HUGE Returns | William Alden | Posted 05.25.2011 | Business

Public pension funds could be in a much bigger hole than they're admitting. And facing up to more realistic numbers won't be easy. Across the count...

Why France Burns and America Smolders

Yvette Carnell | Posted 05.25.2011 | World
Yvette Carnell

Unlike Americans, the French feel a responsibility to counter any assault on the rights which they've fought so hard to win.

HOUSE ADVANTAGE: Banks Shared Clients' Profits, But Not Losses During Meltdown

New York Times | Louise Story | Posted 05.25.2011 | Business

JPMorgan Chase & Company has a proposition for the mutual funds and pension funds that oversee many Americans' savings: Heads, we win together. Tails,...

William Alden

Future Pension Benefits For Current Employees In 'Gray Area,' Could Face Legal Challenges | William Alden | Posted 05.25.2011 | Business

For government workers who've toiled for decades, some pension promises aren't as ironclad as they seem. As local governments scramble to cut costs t...

Rattner's Case Just Another Chapter in a Frightening New Trend

David Spencer Seconi | Posted 05.25.2011 | Business
David Spencer Seconi

When pension funds are caught up in scandals, it is not the embarrassment of the funds that should be making headline news, but rather the fact that they are playing with future security of millions of workers.