Pension

British Airways proposes moving all employees onto new pension scheme in £3.7bn deficit containment plan

British Airways has proposed moving all of its employees onto a new pension plan, after it closed its gold-plated scheme in an effort to stop a massive black hole growing further. Under the proposals all staff will have the same pension, with the airline saying it will offer more “flexibility”. Consultations with trade unions and employees are underway, British Airways ...

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State seeks to snag back pension from ex-Hartford mayor

Former Hartford Mayor Eddie Perez. (WFSB file) HARTFORD, CT (WFSB) - The State of Connecticut is looking stop a disgraced mayor who pleaded guilty to bribery and extortion charges from getting his pension. Former Hartford Mayor Eddie Perez is getting about $2,330 a month from his city pension. State Attorney General George Jepsen is seeking to either take away or ...

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Democratic Lawmakers Bet On Gaming To Fund Pensions

Two Democratic state lawmakers are looking to casinos to help pay down Kentucky’s massive pension liabilities, but the plan is unlikely to gain a foothold in the General Assembly. Reps. Dennis Keene and Rick Rand have prefiled Bill Request 149, calling on the state to expand gambling with an eye toward raising up to $500 million in new revenue over ...

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Pension Crisis: Repeat after me: Yes. We. Cannabis.

Ben Carter, Contributing Columnist Published 12:10 p.m. ET Sept. 19, 2017 We can let neighboring states innovate while we follow along years later—reluctant and poor—like a bunch of dopes. For once, the grass can be greener in Kentucky. Marijuana and money(Photo: Getty Images/iStockphoto) Let me be blunt: I used to smoke weed. I have notebooks filled with very profound and ...

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Illegal pension deduction at SSNIT ‘killing’ our members – Health Workers

The Health Service Workers Union (HSWU) says its members have been compelled to endure harsh conditions because of an illegal pension deduction done by the Social Security and National Insurance Trust (SSNIT). The Union said the deduction at the Trust has reduced the pension entitlement of its members by over 40 percent, a development it described as unfair. General Secretary ...

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State pension weighs cuts to investment fees, other costs

(Photo / Thinkstock) Board members of the Pennsylvania State Employees’ Retirement System hope to consider a plan to reduce investment fees before year’s end. The board directed its staff to work alongside investment consulting firm RVK to study how best to cut costs over a three-year period and come up with ideas for the board’s consideration later this year. Board ...

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NKY lawmaker launches longshot bid to pay pension debt with casinos

CLOSE Kentucky’s governor says he’s not privy to any news regarding Trump-McConnell but doesn’t think their friction will affect Kentucky. Matt Stone/Courier-Journal/USA TODAY Network Dennis Keene(Photo: Provided) Casinos in Kentucky might seem less likely than ever with Republicans in complete control of state government.  But that hasn’t discouraged Northern Kentucky Rep. Dennis Keene, D-Wilder, from floating the idea of using ...

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Mobile App to Track Pension: Government to launch mobile app for retiring employees

The retired officials will also be able to register their grievances, if any, and get updates on orders issued by the Pension Department. The government is all set to launch a Mobile App for the Central government employees on Wednesday to avail the services of Pensioners’ Portal. The Mobile App will help the superannuating Central Government officials to monitor the ...

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Ghana news: Informal workers embrace pensions – 81,000 registered

THE Union of Informal Workers Association (UNIWA) of the Trade Union Congress (TUC) is expected to register about 150,000 of its members onto a private pension scheme by the end of 2017. Already, the association, which represents the interest of workers in the informal sector, has registered 81,000 of its members on to the People’s Pension Trust, a corporate trustee ...

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