Pensions

Greece Gives Banks Billions Amid Exit Panic

Reuters | Posted 05.29.2012

Read More: Greek Banks, Video, Hellenic Financial Stability Fund, Eurobank, Reuters, Pensions, Euro Zone, Alpha, Imf, Greek Debt Crisis, Nbg, Piraeus, European Central Bank, Business News

* HFSF disburses 18 bln euros of EFSF bonds * NBG, Eurobank, Alpha, Piraeus to regain access to ECB funding By Lefteris...

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Why Record Numbers Of Post 50s Are Postponing Retirement

Posted 05.30.2012

Read More: Postponing Retirement, Pensions, Demographics, 401k, Retirement, Great Recession, Postponing-Retirement, Older Workers, Fifty News

Baby boomers have challenged notions of middle age -- now they’re redefining traditional retirement, too. Or should we say, postponing it entirely. ...

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Josh Mandel's $65 Billion Mistake

The Huffington Post | John Celock | Posted 05.22.2012

Read More: Josh Mandel 2012, Video, Josh Mandel, 2012 Election, Sherrod Brown, Public Sector Pensions, Pensions, Andrew Zucker, Senator Sherrod Brown, Ohio Democrats, Election 2012, Ohio Pension Fund, Josh Mandel Ohio, Ohio Board of Deposit, Sherrod Brown Josh Mandel, Ohio Politics, Pension Funds, Politics News

Ohio Democrats are pouncing on state Treasurer Josh Mandel (R) for apparently forgetting $65 billion in state pension funds under his supervision, cal...

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Responsible Private Equity Investors Revitalizing U.S. Manufacturing

Marco Trbovich | Posted 05.17.2012

Read More: Public Sector Pensions, Pensions, Environment, Manufacturing, Investment, Unions, Manufacturing Jobs, Business News
Marco Trbovich

Michael Peck, chairman of Isofoton North America, a 60-year-old Spanish solar firm investing in solar facilities in western Ohio, asserted that having a truly sustainable economy guided by ESG principles means changing how the culture views workers.

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For Mother's Day, Discuss Mom's Financial Future

Jason Alderman | Posted 05.09.2012

Read More: Social Security, Retirement Savings, Retirement Calculators, Pensions, Survivor Benefits, Women's Retirement, Retirement, Money News
Jason Alderman

I'm not trying to bring everyone down, but rather to suggest that perhaps your best Mother's Day gift this year might be to initiate a frank discussion with your mom about her personal finances and how she can better prepare for the future

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Romney's Wrong: States Are More Responsive to Special Interests Than Voters

Peter Scheer | Posted 05.03.2012

Read More: Prison Guards, Obamacare, Conservatives, Obamacare Supreme Court, Ron Paul, Mitt Romney, Pensions, Teachers Unions, Hollywood, Republicans, Elections 2012, Money in Politics, 2012 Election, Special Interest Groups, Special Interests, Libertarians, Politics News
Peter Scheer

Federalist conservatives love shifting power from the federal government to states because they believe that the closer government is to its citizens, the more responsive it is to those citizens. They could not be more wrong.

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Everyone Agrees That the Decline in Private Sector Pay Has Been Understated

Dean Baker | Posted 05.02.2012

Read More: Pensions, Public Employees, Bubble, Income Inequality, Stock Market, Paycheck, Pay, Salary, Business News
Dean Baker

The cost to taxpayers of public employees' compensation packages are on average no greater than the cost to private sector employees. The big difference is that public employees can expect a considerably more secure retirement.

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NYC Comptroller: Walmart Board 'Failed Its Shareholders'

Reuters | Posted 05.01.2012

Read More: Walmex, Walmart, Video, Reuters, Pensions, New York Times, Walmart Mexico Probe, Bribery, New York City, Audit Committee, Business News

May 1 (Reuters) - A group of New York City pension funds will vote their 4.7 million shares against five Wal-Mart directors following reports senio...

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Greek Fraudsters Lose Benefits

Reuters | Posted 04.26.2012

Read More: Benefits Fraud, Fraud, Social Security System, Video, Benefits, Greece, Greece Debt Crisis, Reuters, Pensions, EU/IMF Bailout, Greek Labour Ministry, Austerity, Business News

By Angeliki Koutantou and Harry Papachristou ATHENS, April 25 (Reuters) - Greece has halted welfare or pension payment...

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Once Again, Academics Get an F When It Comes to Retirement Math

Jane White | Posted 04.22.2012

Read More: Public Sector Pensions, 401(K), Laurence Kotlikoff, Pay to Play, Alicia Munnell, Bernie Madoff, Pensions, Retirement, Retirement Plans, Money News
Jane White

As an advocate for 401(k) participants, the only thing more frustrating for me than not being able to get Capitol Hill to make the plans walk and talk like pensions is tackling "innumeracy" on the part of academics who portray themselves as experts.

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The War on Public Sector Workers

Dean Baker | Posted 04.16.2012

Read More: Pensions, Deficit, Public Employees, Stock Market, State and Local Government, Entitlements, Retirement, Social Security, Retirement Cuts, Business News
Dean Baker

Welcome to the latest episode in the long-running battle to redistribute ever more income to the rich. Having already achieved great success in depressing the pay of workers throughout the private sector, the call is to cut the pay and benefits of workers in the public sector. Won't you join the cause?

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Seven Billion Reasons to Worry: the Financial Impact of Living Longer

Erik Oppers | Posted 04.11.2012

Read More: Government, Aging, Social Security, Income Inequality, Retirement, Global Financial Stability Report, Economic Crisis, Pensions, Imf, Financial Stability, Global Financial Crisis, Business News
Erik Oppers

It turns out, unfortunately, that the financial and fiscal problems associated with longevity may be a lot bigger than we thought. The good news is that if we act now, we can find solutions that limit hardship and disruption.

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Government Workers Are Unfairly Assailed

Ted Kaufman | Posted 04.10.2012

Read More: Pensions, Government, Government Waste, CEO Compensation, Federal Employees, Politics News
Ted Kaufman

Those who believe that you have to pay well to attract the best talent usually don't accept the same argument when it comes to government employees.

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New Type Of Insurance Catching On With Post 50s

The Wall Street Journal | Posted 04.09.2012

Read More: Pensions, Longevity-Insurance, Insurance, Retirement Planning, Retirement, Fifty News

Americans with pension envy increasingly are turning to a relatively new breed of annuity, known as "longevity" insurance, to restore some financial s...

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No Respect for Federal Workers

Max Stier | Posted 05.29.2012

Read More: Federal Benefits, Congress, Federal Workers, Federal Budget Deficit, Pensions, Obama Pay Freeze, Federal Employees, Public Service, Federal Budget, Politics News
Max Stier

It is time for our political leaders to focus on what it will take for government to succeed against a tide of increasing challenges and decreasing resources. More politically motivated quick wins are not the answer.

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CEO Netting Tens Of Millions In Retirement

AP | TOM MURPHY | Posted 03.29.2012

Read More: Thomas Ryan, Video, Thomas M Ryan, Retirement, Business News, Pensions, Thomas M Ryan Cvs Ceo, CVS Pharmacies, Major Ceos, Cvs, Business News

-- Former CVS Caremark Chairman and CEO Thomas M. Ryan headed into retirement last year with a $58.5 million pension payment and $33.7 million from s...

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The Pension Wars

Richard Brodsky | Posted 05.27.2012

Read More: Keynesian Economics, Ows, Andrew Cuomo, Occupy Wall Street, New York, Pensions, Politics News
Richard Brodsky

Budget crises cause short-term dislocations. Pension reductions may be inevitable in the short-term. We need a national dialogue on these questions that includes advocates who aren't afraid to defend a decent retirement for public workers.

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How Johnny Depp Helped Gulf of Aden Pirates Go Legit

James Doran | Posted 05.22.2012

Read More: Economics, Wages, Johnny Depp, Pensions, Pirates, Teachers, New York City, Somali Pirates 401k, Somali Pirates Health Insurance, Pirates of the Caribbean Movie, Somali Pirates Retirement Plan, Somali Pirates Income, Pirates of the Caribbean, Cruises, Gulf of Aden, Gulf of Aden Pirates, Somali Pirates, Economics of Piracy, Dangers of Piracy, Impact of Piracy, Somalia, Real Life Pirates, Somali Pirates Benefits, Somali Pirates Death, World News
James Doran

Johnny Depp has a lot to answer for. The "mockney" drawl, the swagger and the healthy disdain for maritime authorities he perfected as Captain Jack Sparrow lent a cachet to piracy that had eluded the profession for centuries.

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The Bachelor: Rewriting the American Storyline

Carol Orsborn | Posted 05.14.2012

Read More: Pensions, Meditation, Prayer, Republican Primary, The Bachelor, Spirituality, TV News
Carol Orsborn

In the fairytale of the American storyline, good-intentioned people who put themselves into play have a crack at finding what really matters. In the c...

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Dave Jamieson

New York Public Workers Blast Cuomo's Pension Reform Plan

HuffingtonPost.com | Dave Jamieson | Posted 03.14.2012

Read More: Video, Cuomo Pension Plan, Andrew Cuomo Pension Plan, Pension Reform, Pensions, New York Pension Plan, Unions, Labor Unions, Politics News

New York Gov. Andrew Cuomo's effort to change the pension system for state public employees has sparked a labor union backlash against the first-term ...

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Is Winning The Lottery A Ticket To Paradise?

Don McNay | Posted 05.13.2012

Read More: Megamillions, Powerball, Money, Lottery Winner, 401k, Wealth Without Wall Street, Pensions, Eddie Money, Kentucky, Don McNay, Shelbyville Indiana, Business, Jack Whitaker, Personal Finance, Business News
Don McNay

Seems like a lot of lottery winners want to tear up the ticket. Some don't verbalize the thought. They just run through the money as fast as they can. Having unlimited wealth is a dream for many people. However, I keep running into others, consciously or subconsciously, who hate the idea of being rich.

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Atlanta Mayor Joins Heartland Forum to Urge Investments in Sustainable Economy

Marco Trbovich | Posted 04.29.2012

Read More: Pensions, Jobs, Sustainability, Atlanta, Green Living, Energy Policy, Green News
Marco Trbovich

The recent Responsible Investment Forum in Atlanta addressed the need for greater alternative investments to sustain the real economy, an investment arena largely abandoned by Wall Street.

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In Growing Labor Struggle, Jazz Artists Harmonize Music and Justice

Michelle Chen | Posted 04.28.2012

Read More: Pensions, Labor, Musicians, Music, Jazz, Health Care, Unions, New York, Iridium, Village Vanguard, Video, Entertainment News
Michelle Chen

Many jazz artists, both bandleaders and side musicians, hustle from gig to gig, often at the mercy of club owners who have little or no obligation to provide basic benefits like medical or unemployment insurance.

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These Seniors Are Twice As Likely To Be In Poverty In Retirement

Posted 02.22.2012

Read More: 401(K) Plans, Social Security, Employer-Sponsored Retirement Plans, Pensions, Poverty Among Seniors, Elder Poverty Rates, Black Seniors, Elderly Poor, Poverty in Retirement, Reliance on Social Security, Latino Prosperity, Latino Seniors, Fifty News

Black and Latino seniors in the U.S. are facing a tougher time in retirement: Elder poverty rates are twice as high among these groups compared to the...

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The Golden Years: One Step Forward or Several Steps Back?

Gerry Hudson | Posted 04.18.2012

Read More: African-American Voters, Wealth Inequality, Retirement, Economic Crisis, Seiu, Black Unemployment, Wealth Disparity, Pensions, African American Unemployment, Labor Unions, African American Women, Wealth Gap, Working Poor, Labor, Senior Citizens, Senior Living, Economic Recession, Saving for Retirement, Working Families, African-Americans, African Americans, Bv-Life, Black Voices News
Gerry Hudson

While the recent drop in unemployment numbers is great news, I wonder about how it will impact older African-American baby boomers. Our looming retirement security crisis, disproportionally affects African Americans, many of whom are retiring in poverty after a lifetime of work.

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