What does
this say about pensions and the politics of pension reform?
If they do merge, I would be interested in hearing what
they say about the pension.
Not exact matches
«There's a recognition by a lot of the provinces that a lot of people are going to retire with inadequate
pensions and they're going to have to do something
about it,»
said president Ken Georgetti, adding that workers his group spoke to supported a provincial
pension plan.
Foucault
says French socialists are waiting for Strauss - Kahn to talk
about issues like unemployment, multiculturalism and
pensions with a socialist tone.
Five years ago, she was poached from Goldman Sachs — where she made her name convincing a number of large
pension funds to hedge in the run up to the financial crisis — by Bank of America to run a first of its kind on Wall Street cross-asset, cross-industry structured - strategies group («It's
about solutions, not products,» she
says).
Trotsky
said the
pension has
about 10 percent of its money in PE — around the national average for large public retirement funds — and has no plans to change that.
Kodak
said in a filing that it contributed
about $ 245 million to its United States
pension obligations last year, and that it has been unable to shrink those liabilities to a more manageable level.
«
Pension funds are dreaming
about a bubble that isn't going to return,» he
said.
So if you're already 52 years old, and you're expecting a nice government
pension that's inflation adjusted, and you expect Social Security, and you have to worry less
about,
say, Social Security cuts for example.
 (You can't
say that
about far too many defined benefit
pension plans, and there is no inflation indexing of other
pensions.)
Studies have shown a fairly large percentage of employees are stressed
about their financial situation, and worried
about not having enough money to retire,
said Todd Saulnier, vice-chair of the national policy committee at the Association of Canadian
Pension Management (ACPM) in Halifax.
The Dallas - based firm, which manages $ 23 billion,
said the investor - led plan was approved by
about 86 % of Highland Crusader Fund clients, including the Houston Municipal Employees
Pension Scheme, which sued Highland in May, accusing it of looting the fund.
While GE adjusted by
about 17 cents per share last year in
pension - related costs, a more appropriate number moving forward is around 24 cents per share in
pension adjustments, the JPMorgan analyst
said.
The Work and
Pensions Secretary Iain Duncan Smith
said: «Earnings are now rising at 3 percent and inflation is running at
about zero.
There is a story
about Davy Crockett the frontiersman opposing the house of represenattives setting up a
pension fund for the widow of a distinguished navy officer,
saying «this is not the job of government.
PCS
says the government's announcement this morning
about public sector
pension contributions makes a mockery of the ongoing negotiations and proves that the government is determined to make people pay more and work longer in return for smaller
pensions.
General secretary Jonathan Baume
said his First Division union, which represents the top seven civil service pay grades, was striking for the first time in its history because members are «angry
about what is being proposed» on
pensions.
DiNapoli
said this «introduction» was not
about «a specific investment» the
pension fund might make, and none ensued, an unsurprising result considering that Stone Mill barely existed.
«Everyone is worried
about everything, the [worsening] budget, [legislative and congressional] redistricting, the economy,
pension reform, hydrofracking [for natural gas], casino gambling, and who knows that it's going to be like this time between Cuomo and Silver,»
said another.
«We have an ongoing discussion in a broad rubric
about ethics, but
pension forfeiture has come up,» Flanagan
said.
Liberal Democrat work and
pensions spokesman David Laws repeated his call for Ms Primarolo to resign,
saying the Treasury was «in a state of denial»
about the problems facing one of its pet projects.
«We realize that people want elected officials who they feel had issues to not get a
pension, but I think there's a difference of opinion with the Senate
about who should be included and who shouldn't,» Heastie
said late Tuesday.
Abbate, a Democrat elected in 1986 to represent Bensonhurst and Dyker Heights, has yet to formally announce his intentions on the seat but has advertised them openly to local politicos (sources
said he has not been shy
about mentioning the appeal of the almost $ 70,000 salary bump he would get serving in the local legislature, and the corresponding benefits to his
pension).
Shadow disability minister Kate Green
said: «This scathing criticism of the government's chaotic handling of PIP leaves serious questions
about competence at Department for Work and
Pensions.
Following the submission today of the NASUWT response to the Department for Education consultation on «Proposed Increases to Contributions for Members of the Teachers»
Pension Scheme», Chris Keates, General Secretary of the NASUWT, the largest teachers» union in the UK,
said: «The Coalition Government should tell the public the truth
about why it is seeking to raid the
pensions of millions of ordinary public service workers and why it is taxing public sector workers who are acting responsibly by trying to save for their retirement.
Gov. Andrew Cuomo on Long Island with reporters on Wednesday
said he wanted to back up the rhetoric
about renewable energy with a push toward divesting the state's
pension fund from fossil fuel companies.
He
says the
pension fund is also shifting away from investments like coal and he's not enthused
about nuclear because as a resident of Long Island, electric customers are still paying for a nuclear plant which never opened.
But he previously
said his status as a retiree would save the village
about $ 80,000 annually because it wouldn't have to contribute to his
pension or fund his health care.
That's enough to cover
about one - fourth of overall school spending in the two - county region, but experts
said it is not sufficient to fully meet rising costs of teacher
pensions and other high expenses.
Noel DiGerolamo, second vice president of Suffolk's Police Benevolent Association, which has
about 5,000 members,
said public - sector workers are being blamed for ballooning
pension costs when Wall Street investment houses are the true culprits.
«I was talking
about problems with the signal system and the need for upgrades and the need for the state to put more resources into the capital plan and for
pension reforms,» Faso
says now.
«Isn't this part of a much bigger issue which is there is growing anger in what she calls the court of public opinion not just
about the
pension and renumeration of what are now public sector employees but
about other public sector fat cats including senior civil servants and dare I
say it ministers
about their very lavish and generous
pension?»
Susan Lerner, Executive Director of Common Cause New York, talked to Steve Ference
about the recent corruption with the state
pension system,
saying it's a clear sign New York needs to move away from a sole trustee deciding how the 129 billion dollar fund is invested.
Firefighters could not be more serious
about protecting public safety and ensuring fair
pensions,» FBU general secretary Matt Wrack
said today.
Adding insult to injury, Larkin has the gall to talk
about pension reform at the same time he is exploiting a legal loophole to collect his own taxpayer - funded
pension on top of his Senate salary,» Broge
said in the statement.
But the NUEE
says they have heard nothing
about this programme and describes how many workers have not received
pensions or redundancy benefits that they are entitled to.
«As unpopular as it may be to talk
about working longer - the simple fact is that if we aren't prepared to increase the state
pension age, we will simply pass an ever greater and frankly unsustainable burden onto our children and grandchildren,» he
said.
When Arbetter explained what she was asking
about — mandated spending being items like
pension and health care costs — Serino
said greater Medicaid costs should be assumed by the state from the county level.
Revealing Iain Duncan Smith's enthusiasm for putting obese benefit claimants on a liquid diet
says a lot
about the motivation of the man running the Department for Work and
Pensions (DWP).
«Nice work if you can get it, Mr Speaker,» a Tory MP
says, along with some shrill comments
about a national
pension «outrage».
Comptroller Tom DiNapoli, as you'll recall,
said (in a statement to the New York Times) that he had «serious concerns»
about Cuomo's budget proposal to allow cash - strapped local governments to borrow against future projected Tier 6 savings to provide more predictability in short - term
pension payments.
«The average
pension for a CSEA - represented employee is
about $ 14,000 annually after decades of service, but this boondoggle means the politically favored will minimally receive $ 6,000 annually every year, after one year of service,» union President Danny Donohue
said.
Results of a pilot released by the Department for Work and
Pensions (DWP) today show 91 per cent of those who had access to an adviser «
said that it motivated them to think
about work and that they felt they had been listened to».
«One of the weaknesses that we've had recently is that people worry that Labour isn't serious
about security, that it's a lesser issue for Jeremy as it were,» the former Shadow Work and
Pensions Secretary
said.
Labour's shadow work and
pensions secretary Rachel Reeves
said millions of working families would lose money if the reports were true and urged Cameron to «come clean with the public
about their plans to cut child benefit and child tax credits».
Senate Republican leader John McKinney of Fairfield
said, «Paying off our
pension debt is a good thing, but doing so outside of the spending cap shows that Governor Malloy is still not serious
about reducing unnecessary state spending and, further, that he is not serious
about pension reform.
Former Assemblyman and senior fellow at the Demos foundation, Richard Brodsky,
says if there is another convention, it won't be motivated by concern
about legislative ethics, but by social issues that people care more
about, like schools, and
pension benefits.
How the state raises and handles its revenue is the key, he
said, to concerns
about ballooning state
pensions, providing fair and sufficient aid to municipalities, and retaining industries and residents.
A Blackstone spokesperson told IBTimes that Mulrow did not contact the Public Service Commission
about the electricity project and
said Mulrow had no interaction with the state
pension fund.
The scheme was boosted to # 2.3 billion in March when Gordon Brown committed an extra # 400 million in the Budget, and today
pensions minister James Purnell
said it would now help
about 40,000 people.