Pension

Nigeria: Labour Leader Kicks At Plans to Reform Contributory Pension Scheme

By Oladeinde Olawoyin A labour leader has advised all stakeholders on pension matters to reject the proposed bill seeking to exclude selected members of Nigeria security, para-military and other related institutions from the Contributory Pension Scheme. In a statement issued in Kaduna, Issa Aremu, the Chairman of the Interim Management Committee of the First Guarantee Pension Fund Administrator, said Pension ...

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When Warren Buffett Runs Your Pension Plan

For Warren Buffett, taking the road less traveled has often led to better investment returns. One often overlooked example: how he’s approached the $15 billion in pension plan assets at his conglomerate, Berkshire Hathaway Inc. Over the next several weeks, subsidiaries such as the Buffalo News and Geico will likely file detailed reports to the U.S. Department of Labor about ...

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Pension deficits have to be kept under control – EXPRESS COMMENT | Express Comment | Comment

Despite employers pouring in £120billion in special contributions over the past 10 years, scheme deficits are still over £400billion says the Pensions and Lifetime Savings Association. This news will be desperately worrying for anybody on a defined benefit scheme. When people enter into such an arrangement they deserve to be given what they were promised when they reach retirement age. ...

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Debt race: Sacramento police get pay raises as state’s retirement fund is projected to reach an unprecedented deficit – Sacramento News & Review

Debt race: Sacramento police get pay raises as state’s retirement fund is projected to reach an unprecedented deficitSacramento News & ReviewA week after Sacramento leaders tried to fix morale issues in their police department by boosting pay and compensation, economists gathered at Stanford University to discuss a darkening cloud over California’s long term pensions. Specifically, the …

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‘Orphans’ of St. Joseph pension plan fear worst

9/27/2017 John Flynn, of Lincoln, looks at a bill as he wonders what the future of his pension will be. (Breeze photos by Charles Lawrence) NORTH PROVIDENCE – The 2,724 “orphans” of the St. Joseph Health Services of Rhode Island retirement plan say they feel abandoned, sad and angry. “We were promised a pension, and a lot of people have ...

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Lawmakers hosting town hall on pensions today | News

State Sen. Whitney Westerfield will join State Reps. Myron Dossett and Walker Thomas at the Christian County Middle School Auditorium today from 5:30 to 7 p.m. for a town hall meeting to discuss the state’s pension crisis. The doors to the auditorium will not open until 4:00. The meeting comes amid great concern by pensioners in Hopkinsville and Christian County ...

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MPs to probe growth in final salary pension cash-ins

MPs are to investigate a boom in the number of savers cashing in their so-called “gold-plated” final salary pensions as part of a wider inquiry into pension freedoms. The Work and Pensions committee confirmed this week that it would examine transfer activity in final salary or defined benefit pensions, which has mushroomed in recent years. The Financial Conduct Authority has ...

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Aadhaar link for BMC’s pension beneficiaries- The New Indian Express

Aadhaar Card (File | PTI) BHUBANESWAR: Various steps for efficient management of pension distribution system were discussed at a meeting conducted by Bhubaneswar Municipal Corporation (BMC) here on Monday. The civic agency’s officials informed that all the beneficiaries will be linked with their Aadhaar cards for checking fake recipients. BMC will conduct a special drive for linking the beneficiaries with ...

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Court dismisses pension lawsuit by Hanford IT workers

The Department of Energy had no obligation to continue full pension benefits for Hanford nuclear reservation workers who were required to switch from one employer to another in a 1996 contracting change, according to a federal court ruling. The U.S. Court of Federal Claims dismissed a class action lawsuit this week brought against the federal government on behalf of as ...

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