Not exact matches
TORONTO — The 2013 - 14 financial year was an unusually strong one for the Canada Pension Plan Investment
Board, which earned a 16.5 per cent annual return on the billions of dollars in assets it manages for the national
retirement system, but its CEO cautions that level of growth likely won't soon be repeated.
At 3 p.m., Sen. Diane Savino and Assemblyman Nick Perry will be pushing a bill that would enact automatic enrollment for all eligible members into the
Board of Education
retirement System, City Hall Steps, New York City.
First, the current fiscal problems of school
systems, with excessive
retirement and health packages, were the result of prior agreements by legislatures, administrators, and school
boards.
Employees of the
system often push for higher salaries, expanded benefits,
retirement sweeteners, and other advantages that districts simply can't afford, but that union - friendly
boards agree to anyway.
District school
boards may purchase annuities for all school personnel with 25 or more years of creditable service who have reached age 50 and have applied for
retirement under the Florida
Retirement System or who have reached age 55 and have applied for
retirement under plan E of the Teachers»
Retirement System.
Each Florida College
System institution
board of trustees may invest funds, purchase annuities, or provide local supplemental
retirement programs for purposes of providing
retirement annuities for Florida College
System institution personnel.
The
retirement system was a large part of many a veteran teacher's decision to return to the schools — only the remaining few school
board run schools, not the charters, allowed teachers to participate, and if you were already invested in the
system, it was hard to retire or to continue to contribute, which was a problem for teachers who had already invested many years in the
retirement system.
Although the
board is officially neutral,
retirement system director Donna Stockton - Early said it is operating under the assumption the program will expire in 2009.
A recent study conducted by the Federal Reserve showed that many individuals are not adequately prepared for
retirement («Report on the Economic Well - Being of U.S. Households in 2014»,
Board of Governors of the Federal Reserve
System, May 2015; http://www.federalreserve.gov/econresdata/2014-report-economic-well-being-us-households-201505.pdf).