Pension

A wind of change blows through your pension fund | Money

With traditional investments offering dwindling returns, fund managers are looking to unconventional alternatives Renewable infrastructure is popular for investorsADRIAN DENNIS/GETTY IMAGES In an era of low interest and rising inflation, fund managers are being more imaginative with our pension savings as they look to create the returns necessary to retire in style. This means that trillions of pounds of our ...

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Colorado State Pension Board Calls For Cuts And Higher Employee Contributions

The board that oversees Colorado state pensions on Friday recommended higher contributions from employees and taxpayers along with cuts to retirees’ benefits, arguing that the changes are necessary to shore up the underfunded pension system. The Denver Post first reported the board’s recommendations, which came at the end of a three-day retreat at a resort in Colorado Springs. Lawmakers must ...

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Colorado pension board calls for higher contributions, cuts

Updated 4:50 pm, Friday, September 22, 2017 DENVER (AP) — The board that oversees Colorado state pensions on Friday recommended higher contributions from employees and taxpayers along with cuts to retirees’ benefits, arguing that the changes are necessary to shore up the underfunded pension system. The Denver Post first reported the board’s recommendations, which came at the end of a three-day ...

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Exclusive: U.S. agency claims huge hole in Westinghouse’s pension plan

WILMINGTON, Del. (Reuters) – Employees of U.S. nuclear power firm Westinghouse Electric Co LLC, which is bankrupt and reeling from a failed reactor project, got a nasty surprise recently: in the eyes of the U.S. government’s pension insurer, its retirement plan has a massive shortfall. While bankrupt companies often have big pension deficits, the vast majority flag the underfunding years ...

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The Day – Compromise on long-term state pension reforms

Gov. Dannel P. Malloy has made it clear he has big disagreements with the Republican budget the legislature approved a week ago, after several Democrats crossed the party line to back the minority spending proposal. But Malloy should agree with additional steps that Republicans propose to trim future pension costs, while Republicans should consider his concern that the legislature not ...

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New petition calls for fairer state pension arrangements

An online petition started this week, which calls for fairer transitional state pension arrangements (SPA) for women born in the 1950s, has already attracted a whopping 54,313 signatures. Of those, 173 signatures come from the Isle of Wight. However, according to a campaign group, there are 10,000 women on the Isle of Wight who will be affected by the changes ...

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Lower PERA benefits, higher taxpayer and worker contributions proposed to close Colorado pension system’s $32 billion gap – The Denver Post

COLORADO SPRINGS — The governing board that manages the public pensions of 566,000 Coloradans on Friday endorsed a sweeping package of financial reforms that would cut retirement benefits and require public employees and taxpayers to contribute significantly more in the coming decades to bring the plan’s finances back from the brink. The effort represents the second major reform attempt for ...

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Ghana news: Private pensions, sure way to happy retirement

Retirement from formal employment is a moment every worker looks forward to, partly due to benefits for the lonely days after active work. After toiling for their more active lives, employees cannot wait for retirement benefits that come with reaching pensionable age. It is a crowning moment for every worker, a huge achievement which they take with much pride. Retirement ...

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