Executive's Pensions See Huge Growth
Pensions for top executives rose an average of 19% in 2008, with more than 200 executives seeing pensions increase more than 50%, according to a Wall ...
Pensions
Rest Easy: Retirement (and Money) Can Improve Sleep
LiveScience | Posted 11.02.2009 | Living
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Depression,
Money,
Retirement,
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Financial Stability,
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Sleep Deprivation,
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Sleep,
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It's no secret the stress of work can keep you up at nights. Now research shows that retirement can spur less fitful sleep, at least for people who ar...
Recession Creating A Lost Generation; Young People Can't Find Jobs
BusinesWeek | Peter Coy | Posted 10.11.2009 | Business
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Bright, eager -- and unwanted. While unemployment is ravaging just about every part of the global workforce, the most enduring harm is being done to y...
Bennet gets seat on Senate health, education committee
Denver Business Journal | Denver Business Journal | Posted 11.29.2009 | Home
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Colorado's U.S. Sen. Michael Bennet said Tuesday he has been chosen to serve on the Senate Committee on Health, Education, Labor and Pensions, a panel...
Labor Day Investing
Amy B. Dean | Posted 10.23.2009 | Politics
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Stimulus Bill,
Barack Obama,
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Labor Day is a reminder of what workers can achieve when they organize: improved working conditions, fairness in the work place, holiday and vacation pay, health care and pensions.
NYT About Your 401(k): Missing the Point on Retirement Reform
Jill Schlesinger | Posted 09.24.2009 | Business
As pensions disappeared, nobody said, "Hey, instead of your boss paying into a guaranteed retirement plan, the risk of making contributions and managing your retirement money is entirely on you."
Time to Replace the 401(k)
Eric Schurenberg | Posted 08.29.2009 | Business
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Charlie Farrell,
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Felix Salmon,
Business News
we had taken a perfectly decent supplementary savings plan and, without any real discussion, allowed it to become the sole source of most workers' non-Social Security retirement income. The 401(k) was not designed for that role, and it has come up way short.
Pension Costs For New York's Cities And Towns May Triple
New York Times | DANNY HAKIM | Posted 08.08.2009 | New York
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Local governments in New York State face an unprecedented increase in pension costs that will force them to triple their contributions to the state pe...
GM Pension Fund: Is It Under Funded
nytimes.com | MARY WILLIAMS WALSH | Posted 07.31.2009 | Business
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General Motors is using its huge pension fund in a way it never intended. It had planned -- and put money aside -- for a steady march of retirees o...
Getting Rich and the Marshmallow
Don McNay | Posted 07.25.2009 | Business
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Thomas Stanley,
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Clu,
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College Student Credit Cards,
Adult ADD,
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Sat,
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We have a financial system that has played to people's weaknesses. We have allowed people who are prone to instant gratification to have as much credit as they could get their hands on.
Retired Auto Workers Have Their Say (Video)
The Real News | Posted 07.23.2009 | Politics
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Auto Industry,
Detroit,
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This video is the first in a series of discussions with a group of retired autoworkers in Detroit.
A Kinder, Gentler Recession for Seniors?
Mark Miller | Posted 07.04.2009 | Business
Is the Great Recession bypassing seniors? That's the conclusion drawn by a new study looking at the downturn's impact on different age groups. Dig into Pew's data and a more complex picture emerges.
Card Check Is Not the Solution for Pension Mismanagement
Gary Shapiro | Posted 06.13.2009 | Business
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Collective Bargaining,
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Unite Here,
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The union promise of jobs and better wages is deeply alluring, but their mechanism to securing them, so-called "card check," is fundamentally flawed.
After the Torture Memos: Can We Stop Paying George W.'s Pension?
Matt Littman | Posted 05.18.2009 | Politics
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Aig,
Fema,
Iraq,
George W. Bush,
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Torture,
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Why in the world should we be on the hook to continue paying a staff and a travel budget for the man who caused such harm to this country? Talk about adding insult to injury.
Paralytic Debt Poisoning
Max Keiser | Posted 05.02.2009 | Business
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Banking Crisis,
Financial Crisis,
Debt,
Global Financial Crisis,
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Max Keiser,
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A red tide of toxic debt has poisoned the nation's financial system. And the American taxpayers are paralyzed as the financial oligarchs brazenly plunder their Fed and Treasury pockets.
Feds Take Control Of Hull House Pension Fund
Chi-Town Daily News | FERNANDO DIAZ | Posted 04.19.2009 | Chicago
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Pensions,
Jane Addams Hull House Association,
Hull House,
Economy,
Pension Benefit Guarantee Corporation,
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The federal government has taken over the pension fund at the Jane Addams Hull House Association, one of Chicago's oldest social-service non-profit or...
Pensions 2.0: A Better Plan for a Financially Secure Retirement?
Beth Shulman | Posted 04.18.2009 | Business
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Baby Boomers,
Senior Citizens,
Social Security,
Saving for Retirement,
Retirement,
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Unless we bolster Social Security and fix the private system for helping Americans save for retirement, workers of today face a very dark financial future in what used to be called the golden years.
Are Reappropriated Pensions in Our Future?
Jim Selman | Posted 04.11.2009 | Business
There is no excuse for a company or a government taking an employee's money and promising a pension in return and then spending, squandering or stealing that money for short-term expenditures.
Ford's Woes Deepen As Pension Plan Falls $4 Billion Short
Bloomberg | Keith Naughton | Posted 03.09.2009 | Business
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Automakers,
Pension Plan,
Economic Crisis,
Economy,
Pension Benefits,
Pensions,
Ford,
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Ford Motor Co.,
Business News
Feb. 6 (Bloomberg) -- Ford Motor Co. may have to contribute $4 billion to its pension plan after a 2008 shortfall, a cash drain that risks dragging th...
The CEO Pay Caps Are A Mirage
Jonathan Tasini | Posted 03.08.2009 | Business
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Pensions,
Financial Crisis,
Treasury Department,
CEO Pay,
Unions,
Working Life,
Barack Obama,
Business News
If the point is to stop the legal looting of corporate treasuries and leave some money in the till for regular workers, when you get right down to it, the CEO pay caps aren't meaningful.
Shining a Bright Light on a Dark 401(k) Secret
Dan Solin | Posted 03.06.2009 | Business
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Pensions,
401(K),
Investments,
Saving for Retirement,
Scams,
Retirement,
401k Fees,
Hidden Fees Retirement,
Business News
The existing 401(k) system is a scam far greater than anything Bernie Madoff could have conceived. But a new website may change everything.
CEOs Boosting Their Pensions While Workers Pensions go Poof
Jonathan Tasini | Posted 02.27.2009 | Business
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Class Warfare,
Working Life,
Pensions,
CEO Greed,
Greed,
American Greed,
Money,
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Ceos,
Recession Fears,
Jobs,
Financial Crisis,
Corporate Greed,
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Business News
CEOs are getting major boosts in their pensions, while the pensions of most Americans have either disappeared or take a major hit.
New York's Department of Veterans' Affairs: Where's the Outrage?
Luis Montalvan and Aaron Glantz | Posted 02.22.2009 | Politics
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Veterans Affairs,
War in Afghanistan,
Afghanistan,
James Peake,
Pensions,
Va,
New York State,
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Michael Bloomberg Mayor,
New York City,
New York,
Social Security Disability Claims,
Afghanistan War,
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Iraq War,
Albany,
Dwight Eisenhower,
Times Union,
Disabilities,
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Senator Hillary Clinton,
President Eisenhower,
Disability,
Hillary Clinton,
Senator Clinton,
Iraq,
Politics News
Internal audits at the VA regional headquarters has revealed over half of all disability claims processed through the New York office had been illegally tampered with.
Reflections on Reconciliation: Paradox of Excess & Deprivation
Terry Leach | Posted 02.20.2009 | Business
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Human Family,
Safety Net,
Barack Obama,
Reconciliation,
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Healthcare Workers,
Hudson River Plane Crash,
Great Depression,
Sully Pilot Hero,
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Money,
Investment Bankers,
US Airways Crash,
US Airways Pilot,
Pensions,
Airline Industry,
US Economy,
Captain Chesley "Sully" Sullenberger III,
Sully Plane Crash,
Schools,
Healthcare,
Business News
I wonder if Captain "Sully" Sullenberger's colleagues' pensions are secure. Somehow, I doubt it. Although airlines were the companies we used to loved to hate, airline employees are part of the family, too.
Retirement and Aging: Predictions for 2009
Mark Miller | Posted 02.13.2009 | Business
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Health Care Reform,
Pensions,
Careers,
Education,
Retirement,
Financial Crisis,
Economy,
Business News
Comprehensive health care reform legislation will be introduced, and a bill signed into law no later than early 2010 -- with enormous implications for retired people.
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wsj.com | ELLEN E. SCHULTZ and TOM MCGINTY | Posted 11.03.2009 | Business