Pension News

Kota Kinabalu : High Court Judge Datuk Ian H C Chin, 61, who is retiring on Dec.

Citing the economic downturn, Intermountain Healthcare has told its 28,000 employees it will not contribute to their 401 retirement funds next year.

There's talk in Albany about a potential early retirement package for New York state employees, political insiders say.

On one hand, good government groups and business executives are backing the state treasurer's plan to narrow control of pension investments made on behalf of public employees.

Marketing materials aimed at future retirees often show smiling couples walking hand in hand on the beach or sitting together on the patio drinking coffee.

Canada's private retirement saving system is profoundly unfair. Public-sector workers have great pensions.

The recession is driving America's city governments into an epic fiscal storm. Unlike earlier downturns, all three big revenue sources - income, property and sales taxes - are falling together.

The Ontario president of the Canadian Union of Public Employees has attacked the hiring of Bay Street lawyer Jacques Demers as head of a new unit of the Ontario Municipal Employees Retirement System.

The Illinois state treasurer says he wants curb corruption in the state's five pension systems and that he will unveil a plan on Monday that would pool billion of dollars in investments.

MINISTER FOR Social and Family Affairs Mary Hanafin has moved to calm fears that a majority of Irish pension funds are on the verge of collapse, but employers' body Ibec warned last night that many will fail ...

As if worries about job security and paying bills aren't enough, your retirement savings are shrinking in the background.

West Virginia's five largest cities currently have a $450 million shortfall in their Municipal Police and Fire Pension systems - and the current Wall Street slide could add millions more to that total.

Nov. 27--The value of employer-sponsored pension plans has fallen sharply along with the stock market this year -- a plunge producing ripple effects that could hit not just corporate profits but also everyday ...

Premier Jean Charest says the chaos brewing in Ottawa over Finance Minister Jim Flaherty's fiscal relief scheme is as good an argument as any for Quebecers to elect a strong majority government Dec.

While Canadian companies with federally regulated pension plans could get a bit of relief from a move by the Conservative government to extend payment plan deadlines, the issue is far from settled.

Nov 28, 2008 5:40 pm US/Central NEW YORK Walter Kueffner was an auditing manager at Long Island Rail Road in New York until he took early retirement at age 50.

One of Canada's largest pension funds, the Ontario Municipal Employees Retirement System, has hired veteran Bay Street lawyer Jacques Demers to head up a new unit that will invest in private companies ...

Ottawa's relief for troubled pension plans has come up well short of what industry lobby efforts had been seeking and leaves pension sponsors warning they will still be unable to resolve their funding problems.

Gov. Jon S. Corzine has released a video message explaining his proposal to allow local governments to defer half their current pension contributions as a way to help avoid steep local property tax increases.

Alistair Darling came under more pressure last night to confirm that he considered raising VAT as high as 20 per cent as the row over the Pre-Budget Report grew.