Q: I retired early and put
my pension money into a «locked in» plan.
Archie, who has snuck out by telling his son (Michael Ealy) he's with a church group, manages to turn $ 15,000 of
his pension money into $ 102,000 at the blackjack table, improbably funding the excursion and landing the guys a penthouse villa and their own personal VIP attendant (Romany Malco).
New York City Comptroller Scott Stringer added roughly $ 270 million of police and firefighter
pension money into high - priced hedge funds in May after complaining about the fees — and pulling...
Not exact matches
First, consider what many of the readers who flipped ahead are thinking: «The smart
money — the
pension funds — are
into real estate, infrastructure, and private equity.
Essentially, If you are enrolled in a
pension plan, you now can roll over
money from your employer's 401 (k) plan
into the
pension plan, increasing the amount of
money in your monthly check during retirement.
«The largest
pension plan in the world is Japanese, and they're increasing their allocations to equities, and that's going to represent quite a large amount of
money going
into the markets.
But a growing portion of the
money flowing
into hedge funds is coming from
pension funds, run by investors who are more interested in consistent returns than outsized ones.
As the private deals get too big for VCs to underwrite on their own, some public
money is making its way
into them, through direct investments from mutual funds like Fidelity, Janus, and T. Rowe Price, and indirectly via
pension - backed hedge funds and private equity.
Among other things, it needs to create — and enforce — mechanisms for businesses that rely on gig workers to put
money into a central pot, which can then be used to fund portable health insurance,
pensions, and other benefits that people can take with them from job to job.
Spotting the steady rise in clientele,
money managers — from risk - seeking venture capitalists to boring old
pension funds — have been getting
into the death business.
In other words, people have to pay either so much debt or they have to have forced saving, like
pension fund saving, that the economy is shrunk for financial reasons, for putting more and more of its
money out of the real economy of goods and services
into the financial sector.
And, over time, the employer's role in funding the plans would shrink: in 1989, employers contributed roughly 70 percent of the
money that went
into retirement plans; by 2002, employees» cash contributions outstripped company payments
into retirement plans of all kinds — including traditional
pensions.
The people who choose to pay
into their
pension and forgo SS should have the same risk as anyone who gives their
money into an investment vehicle.
In the quest to compensate for low fixed income returns,
pension funds have plowed
money into stocks, private equity funds and illiquid and very risky investments, like subprime auto loan securities and commercial real estate.
Most managers running retail and
pension money have no idea what a triple - hook rating means for any company with massive cash flow deficits operating in a financial environment in which the Fed is not printing trillions of dollars that can be recycled
into bad ideas.
Pension obligations were expected to absorb only 5 or 10 percent of production costs, but now they are absorbing nearly all the reported profits, and threaten to eat
into the
money available to repay the banks and bondholders.
The (workers
pension)
money is put
into company stock, as in Enron or Bear Stearns.
Other measures include tougher action to halt the transfer of
money from occupational
pension schemes
into fraudulent ones
While 80 percent of plan participants are interested in putting some
money into annuities, those who have a
pension rather than a 401 (k) or other DC plan aren't quite so ready to jump in.
He said the latest fad in
pension management land is to shift
money out hedge funds — which are woefully underperforming the market — and to put even more
money into private equity funds.
Every
pension fund under the sun in this country — because rates are so low — has monthly negative outflows of cash: beneficiaries are being paid more
money than is flowing
into the fund.
If a
pension manager deposits $ 2 billion
into the fund, it puts pressure on the Wellington management team to deploy that
money effectively.
Why not just keep the
money I would have otherwise put
into a
pension and enjoy it now?
Trump can put a little more
money into the pockets of coal executives, the ones trying to escape
pension and health care obligations to retirees even as they hoover up bonuses.
The distinctions between needs and wants will be different for everyone, but once you have your list, it makes sense to match essential expenses with guaranteed income —
money that you can't outlive — like Social Security,
pensions, and lifetime annuities (which let you convert savings
into guaranteed income).
«As I researched the idea of promoting savings in our sector, the idea of credit union came
into mind and I said that's it because it dawned on me that majority of the people don't have savings accounts, insurance cover or even
pension schemes and since I became the Chairman of GHAMRO I really felt the pinch because every now and then I get calls from members asking for advance payment of their royalty to either pay school fees, settle medical bills or to even solve other financial problems then I've realized that this vacuum has to be filled because GHAMRO doesn't have a policy to pay this type of
monies».
Anxious to earn their assumed returns of 7 to 8 percent a year,
pension funds across the country have been pushing more
money into alternatives instead of traditional stocks and bonds.
The politicians locked our government
into big
pension offerings when the
money was rolling in, and now need a sneaky way to pay them.
Escalating the tension on Tuesday, DiNapoli issued a report that was critical of the
pension proposal that was baked
into the budget and questioned Cuomo's desire for more control over how
money is moved between agencies, warning it could lead to an erosion of oversight.
The statement read in part, «The commission, which preferred 24 charges against the ex-banker before Justice Babatunde Quadri of the Federal High Court, Maitama, Abuja, accused him of transferring N78, 521, 431.61 from the Federal Government
Pension funds
into private accounts held by nonpensioners in contravention of Section 15 (2)(b) of the
Money Laundering Act 2011.
A select committee report several months later backed Ann Abrahams» call, saying the government was guilty of «maladministration» in advising people to take
money that would have gone
into their second state
pension and place it in the private sector.
«More
money is likely to pour
into pension schemes, especially in years coming up to retirement.
They also admit that
money cut from
pensions will go to the Treasury to help pay off the deficit, not
into pension schemes, which the union says amounts to a tax on working in the public sector.
I don't want people who are paying
into the system to come up 20, 30 years from now be told: Sorry we don't have the
money to give you the
pension you are entitled to.»
So presumably, the less wealthy, after being told what to spend their
money on by «society» for all their working years, reach pensionable age fully moulded by a paternalistic government
into financially responsible citizens who will commit a significant amount of their time to research where they want to invest their
pensions, and subsequently enjoy «regular updates on how their
pension fund was growing» — because of course, like house prices,
pension funds can only rise in value.
They said the intent of the General Assembly is to ensure that the
money is directed only
into the teachers»
pension fund, not
into the general fund for other spending purposes.
Cuomo raised eyebrows and embarrassed DiNapoli as he announced a series of multimillion - dollar settlements in the state
pension - fund scandal and then disclosed that his office was looking
into the comptroller's role in meeting with politically connected companies seeking control over the investment of
pension - fund
money.
So businesses could dupe their employees
into taking 401ks by playing
into peoples inherent greed by telling them what they COULD make in one under optimal conditions, all the while allowing the greedy employer to raid the fat
pension trust funds, bankrupting them and then handing the bankrupt plans over to the PBGC and robbing the employees who expected that
money to be there.
In addition, the government intends to publicise a little - used scheme that allows people who decided to take their second state
pension to a private provider, but who subsequently face losing out, to get back
into the state system for less
money.
As WCBS 880's Rich Lamb reported, the city is pouring nearly half a billion dollars of
pension fund
money into backing 30 - year mortgages for affordable housing.
In a way, the public might thank the public wowrker for its
pension funds which invest a lot of
money every day
into the stock market.
He said his office «will seek appropriate fines that take
into account the
money a corrupt official might derive from a publicly funded
pension so that the punishment fits the crime and so that we can take the profit out of that crime.»
«That you Mohammed Ahmed Katun while serving as an Assistant Director,
Pension Department of the Office of Head of Service of the Federation on or about the 14th day of August, 2009 within the jurisdiction of this Honourable Court, obtained by false pretences and with intent to defraud various sums of
money amounting in the aggregate to N24, 660,675.00 (Twenty Four Million, Six Hundred and Sixty Thousand, Six Hundred and Seventy Five Naira only) from the Federal Government of Nigeria through the
Pension Account held by the Office of the Head of Service of the Federation of Nigeria through fraudulent payments described as collective allowances
into your bank account maintained with Ecobank Nigeria Limited (former Oceanic International Bank Plc) and thereby committed an offence contrary to Section 1 (1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.»
In return, Mr. Seabrook would direct
money intended to cover correction officers»
pensions into a high - risk fund.
«Over the years they have not put in enough
money to meet the cost of new
pension promises — they have put
money into equities rather than bonds and that risk has not paid off.
Hon. Ifeanyi Ugwuanyi, for making the N9.972 billion received by Enugu State open and channeling it
into payment of arrears of salaries and
pensions as well as
monies owed to contractors as President Buhari directed.
If state and local governments are required to pour
money into pension debts, that's
money they won't have available to support other government services, including higher education.
Instead, that so - called «found
money» will also go back
into the
pension system.
Looking at his raised eyebrows, I dug deeper: «Besides, one third of state and local expenditure is for education, and all the
money going
into pensions and medical care for retired superintendents is coming at the cost of today's students.»
Walker's reforms have been credited for saving
money, and they have been criticized for allowing districts to make teachers pay more
into their
pensions, taking away from out - of - pocket spending
money.