pensions – News Stories About pensions - Page 4

Many Retirees
Will Have
Less Than
They Think

analysis

Jun 16, 2008 5:21 PM CDT

Many Retirees Will Have Less Than They Think

Economist compares direct-benefit to direct-contribution plans

(Newser) - Many employees will enter retirement with a much smaller income than they expect, the Economist reports. By 2014, the amount of money saved in direct-contribution retirement plans—ie 401Ks—will outpace than the amount saved in old-fashioned direct-benefit plans. But workers set contributions to their DC schemes at lower levels...

French Go on Strike for a Day

May 22, 2008 9:01 AM CDT

French Go on Strike for a Day

Work action halts transport, mail, radio; Sarkozy stands firm

(Newser) - France's five largest unions have launched a coordinated strike that has crippled bus, train, and airport links across the country. The BBC reports that postal services have been reduced and public radio stations are playing music instead of regular programming. The unions are protesting an effort by Nicolas Sarkozy's administration...

Upshaw Unfazed by
NFL's Pension Tension

Feb 1, 2008 4:45 PM CST

Upshaw Unfazed by NFL's Pension Tension

Players Association won't help ex-players with current funds

(Newser) - Robbing Peter to pay Paul is not the answer to the NFL's pension woes, at least not in Gene Upshaw's eyes. The NFL Players Association will not take from the pensions of current players to help former players, says the group's leader, who's at the center of a storm of...

Sarkozy Braces for Union Battle

Sep 18, 2007 4:02 AM CDT

Sarkozy Braces for Union Battle

Pension cuts could trigger crippling strikes in president's first test of leadership

(Newser) - French President Nicolas Sarkozy could face the first major obstacle of his four-month reign this week when he tries to slash the pensions of 500,000 workers who enjoy more generous retirement packages than other civil servants. Polls show Sarkozy's plan is supported by 65% of the public, but striking...

Funds Can't Find Friends in Anti-Tax Fight

Jul 11, 2007 9:01 AM CDT

Funds Can't Find Friends in Anti-Tax Fight

As Senate starts tax hearings, masters of the universe find they're short on pals

(Newser) - Wall Street's hedge-fund and private-equity titans are looking for allies in their fight to prevent a tax hike on profits—but they're having trouble recruiting, today's Journal reports. As the first Senate hearings on the proposed hikes get under way, representatives from venture capital, public pension funds, and investment firms...

Dutch Do Pensions Right

Jun 15, 2007 2:00 PM CDT

Dutch Do Pensions Right

The US should read up on Social Security in the Netherlands, reports Time

(Newser) - Governments around the world are stuck between tightfisted Anglo-American pension plans that pay only a fraction of one's past salary, and extravagant European-style social security that ends up welshing on the payments. But the Dutch have struck a balance that's working, reports Time, as sufficient amounts of money are saved...

Pension Flub Could Doom Japanese PM

Jun 14, 2007 1:31 PM CDT

Pension Flub Could Doom Japanese PM

Government loses track of 64M checks, enraging voters

(Newser) - A pension scandal rocking Japan threatens to bring down the ruling party, and it could take PM Shinzo Abe with it. Sixty-four million pension payments—in a country of 130 million—have gone missing, and that's riling Japan's growing gray-haired population. The pensioners may pay Abe back with a vote...

Senate Eyes Hedge Fund Tax Breaks

Apr 17, 2007 1:27 PM CDT

Senate Eyes Hedge Fund Tax Breaks

Bill limits pretax earnings managers can invest in their offshore funds

(Newser) - The Senate has an eye on extraordinary tax breaks that have allowed hedge fund managers to sock away hundreds of millions of dollars tax free, using their funds like giant pension schemes, the Times reports. Managers who run offshore funds can re-invest earnings in their own funds, deferring taxes for...