Government urged to guarantee Pension Protection Fund
Telegraph.co.uk - United Kingdom
The Government is facing pressure to guarantee the Pension Protection Fund (PPF) as fears mount that the sharp increase in company insolvencies could …
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Pension plans and insolvency
Financial Post - Toronto,Ontario,Canada
So, what happens to pension plans, already reeling from the perfect storm of low interest rates and plunging stock markets, when a company goes bankrupt? …
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Pension fights shifts from surplus to deficits
Financial Post - Toronto,Ontario,Canada
When National Trust sold its business to Bank of Nova Scotia in August of 1997, the trust company had a $140-million surplus in its defined-benefit pension …
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GM bankruptcy could hurt local retirees, employees
Janesville Gazette - Janesville,WI,USA
Fortunately for retirees such as Thom, pensions would be safe in the case of a GM bankruptcy, Gerhart said. The federal Pension Benefit Guaranty Corporation …
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Scheme of PF and pension to expatriates premature
Business Standard - Mumbai,Maharashtra,India
The government of India has vide two separate notifications dated October 1, 2008 extended the Employee Provident Fund and Pension Scheme to all …
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Irish gvt monitors pensions after collapse report
guardian.co.uk - UK
By Laurence Fletcher DUBLIN, Nov 30 (Reuters) - The Irish government said on Sunday it is closely monitoring the state of pension funds and is preparing …
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BCE Seeks C$1.2 Billion Buyout Termination Fee, Globe Reports
Bloomberg - USA
29 (Bloomberg) — BCE Inc. is seeking a C$1.2 billion ($968 million) termination fee from Ontario Teachers’ Pension Fund after the sale of Canada’s biggest …
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No time for state pension bonuses
Modesto Bee - Modesto,CA,USA
By 2004, when the enhanced benefits went into effect, the state was struggling to pay its pension bill, which had spiked to $2.5 billion, …
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Pension follies
Dailyrecord.com - Parsippany,NJ,USA
Jon S. Corzine has released a video of him announcing his plan to allow towns to forego 50 percent of their pension contributions in next year’s budget. …
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Report reveals pension schemes will collapse
Belfast Telegraph - United Kingdom
A confidential memo to Government from the Social and Family Affairs Minister Mary Hanafin reveals a total pension deficit of between €20 and €30 billion is …
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EXCLUSIVE - Pensions set to collapse, warns confidential Hanafin memo
A number of high-profile pension schemes are expected to collapse as the total pension deficit reaches €20bn to €30bn, says the alarming memorandum sent by the minister for social and family affairs, Mary Hanafin, and seen by the Sunday …
Sunday tribune articles for ‘News’ - http://www.tribune.ie/section/news/

Gerard O’Neill tells it like it is on pension provisions collapse
By Stephen Kinsella
Word of advice to the Taoiseach: climb way, way up on the fence on this one - you really don’t want to get caught in the tsunami of anger that will explode over the coming months and years as people realise their dreams of a comfortable …
Stephen Kinsella, Ph.D - http://www.stephenkinsella.net/

Former Clico employees await court ruling on pension payout
The hearing into the alleged non-payment of pension to former employees of the Colonial Life Insurance Company (CLICO) is slated to continue on Tuesday, even as efforts are made to highlight circumstances that led to the situation. …
Kaieteur News - http://www.kaieteurnews.com/

FYE 9/30/2008 Pension Investment Return
By macheide
For S&P 500 companies with fiscal years ending 9/30/2008, the pension investment as of the end of the 2008 fiscal year was -7.90%.
aftermath - http://macheide.wordpress.com/

Job in White Plains, NY as Retirement Counselor-Pension
for 1199SEIU Benefit and Pension Funds.
EmployeeBenefitsJobs.com - http://employeebenefitsjobs.com/

29 November

How to escape punitive pension tax
Times Online - UK
Chancellor Alistair Darling froze the lifetime allowance for pensions at £1.8m for five years from April 2011, and the annual limit at £255000 in his …
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Govt commits to pension reform
The Age - Melbourne,Victoria,Australia
Pensioners have been again reassured that the government will act on pension reform next year. Federal Treasurer Wayne Swan said the government will act on …
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Halkia looks to salvage image, and pension
Hellenicathletes.com - Norwalk,CT,USA
… as well as the highly coveted induction into the country’s armed forces, which profers full employment rights and privileges including an early pension. …
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BCE seeks huge fee from Teachers if no deal -report
Reuters - USA
TO: Quote, Profile, Research, Stock Buzz) is demanding that the Ontario Teachers’ Pension Fund pay a C$1.2 billion termination fee if the leveraged buyout …
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CTV.ca

Dumont criticizes Charest for pension fund management
CTV.ca - Canada
MONTREAL — Action democratique du Quebec Leader Mario Dumont continued to hammer Premier Jean Charest today over undisclosed losses at Quebec’s pension …
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BCE pressing Teachers for fee payment
Globe and Mail - Canada
BCE Inc. and its retreating suitor Ontario Teachers’ Pension Fund are feuding again, this time over a $1.2-billion termination fee. …
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ADQ brandishes pension issue in hopes it will derail Liberal win
Globe and Mail - Canada
QUEBEC — The political uncertainty in Ottawa combined with troubling allegations involving Quebec’s major pension fund are playing havoc with the …
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Pension Funds Green Agendas Continue — You Prepared?
By Lisa Galley
Seems that an increasing number of pension funds worldwide are pushing for a more explicit environmental agenda within their investment holdings, according to the New York Times earlier this week. Nothing new there, for the deep green …
Galley Eco Capital - http://www.galleyecocapital.com/

UAE Pension Fund… Getting Closer to Payout Stage
By Heather Wolf(Heather Wolf)
UAE takes Liberty Reserve - Their account number is U3246878 (UAE PENSION FUND) You have to transfer funds directly to them from your LR account as they have not changed out the defunct E-Bullion payment platform in their payment …
Heather Wolf Network - Reverse… - http://heatherwolfnetwork.blogspot.com/

Conservatives are Split on Public Sector Pension Reform
By Les Bonner
The Conservatives are split over the issue of public sector pension reform, following the release of information highlighted by the Liberal Democrats that shows that the cost of public sector pensions is due to treble between 2006-07 …
Les Bonner - http://lesbonner.mycouncillor.org.uk/

Dumont criticizes Charest for pension fund management
Action democratique du Quebec Leader Mario Dumont continued to hammer Premier Jean Charest today over undisclosed losses at Quebec’s pension fund manager.
CTV OttawaHome - http://www.ctv.ca/

Behold the “Pension” - Destroyer of Civilization
By Bruno Behrend
All assets should be turned over the the Pension Benefit Guaranty Corp. to cover the costs of taking over GM’s responsibilities. Pension Agency Sounds Alarm on Big Three “We take our obligations very seriously, managing our plans with …
Extreme Wisdom - http://www.extremewisdom.com/

Google Web Alert for: pension

New Jersey pension funds lost $23B so far this year - Breaking …
Breaking news from around New Jersey from The Star-Ledger newsroom. Continuous coverage of NJ news, including crime, politics and government on NJ.com.

28 November

Pension System A Runaway Train?
CBS News - New York,NY,USA
CBS News investigative correspondent Sharyl Attkisson reports that 97 percent of Long Island Rail Road employees, who get retirement benefits, …
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Federal Pension Agency Asks Automakers for Details on Buyouts
Bloomberg - USA
28 (Bloomberg) — Federal pension regulators expressed concern the big three US automakers’ cost-cutting efforts may harm their retirement programs and come …
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OECD wants employers’ help in pension investment
Reuters - USA
In a review of its pension fund governance guidelines expected next month, it will recommend employers and financial supervisors fill a “governance vacuum” …
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Public sector pensions: Just how generous are they?
Telegraph.co.uk - United Kingdom
The row over public sector pensions grows daily – along with the size of the bill. By Teresa Hunter Such a teacher retiring today might receive a pension of …
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Corzine video explains pension payment proposal
Newsday - Long Island,NY,USA
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 …
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Bell Canada deal at risk of collapse
Chicago Tribune - United States
… the prestige of the Ontario Teachers’ Pension Plan, the lead purchaser, as well as the other retirement funds that dominate Canada’s financial system. …
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Israel’s bizarre economic-stimulus saga
MarketWatch - USA
According to the reported plan, the government would guarantee a pension fund’s annual yield at as much as 4% for people at least 60 years old, …
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UK’s USS pension fund expands private equity team
Reuters - USA
LONDON, Nov 28 (Reuters) - The Universities Superannuation Scheme (USS), Britain’s second-largest pension fund, has added two analysts to its private equity …
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US pension agency sounds alarm on Detroit carmakers
Financial News (subscription) - London,England,UK
The agency that protects US pension plans raised new concerns about Detroit’s three auto makers, saying their use of pension funds to pay for restructuring …
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Relief falls short, pension plans warn
Globe and Mail - Canada
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 …
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I’VE BEEN WARNING ABOUT THE UNDERFUNDED / OVERGENEROUS PUBLIC …
By Glenn Reynolds
I’VE BEEN WARNING ABOUT THE UNDERFUNDED / OVERGENEROUS PUBLIC PENSION PROBLEM for a while, but PensionTsunami.com is a site devoted to just that, as well as corporate pensions and Social Security.
Instapundit - http://pajamasmedia.com/instapundit/

Global News Item: Large pension plans could pay more in levies
The Pension Protection Fund (PPF) intends to increase the proportion of its annual levies to be paid by the UK’s 100 largest defined benefit pension plans. The amount of the increase will be based on the PPF’s assessment of the …
News - http://www.watsonwyatt.com/

Pension Agency Sounds Alarm on Big Three - WSJ.com
By Tom Vanderwell
The agency that protects pension plans raised new concerns about Detroit’s three auto makers, saying their use of pension funds to pay for restructuring threatens to drain the funds and leave the agency footing the bill. …
Straight Talk About Mortgages… - http://straighttalkaboutmortgages.com/

National › Local officials systematically fabricated pension …
An investigative committee directly reporting to the labor and welfare minister acknowledged in a report presented to the minister Friday that officials of local social…
Japan Today: Japan News and Discussion - http://www.japantoday.com/

BC AND ALBERTA RELEASE REPORT ON PENSION STANDARDS
VICTORIA – The British Columbia and Alberta governments have released the report of the Joint Expert Panel on Pension Standards, which provides recommendations to harmonize and modernize the pension standards legislation of the two …
BC Government NEWS - http://www.news.gov.bc.ca/

27 November

Pak Lah:Civil servants can go back to pension scheme
Malaysia Star - Malaysia
By SIM LEOI LEOI PUTRAJAYA: Some 40000 civil servants, who had opted for the Employees Provident Fund, can now revert to the pension scheme. …
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Tribals deprived of pension
The Statesman - Kolkata,India
27: Many tribals, above 60 years of age falling below the poverty line and who are entitled to receive pension amount of Rs 500 per month, have not been …
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Canada eases pension requirements due to crisis
Reuters - USA
OTTAWA, Nov 27 (Reuters) - The Canadian government said on Thursday it would temporarily ease requirements for corporate and personal pension funds because …
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The pension divide
Financial Times - London,England,UK
Many company pension schemes based on an employee’s final salary have been closed or restricted, leaving the individual to bear the risks of what those …
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Utility asks for rate hike amid pension problems
Chicago Tribune - United States
Callisto says rising pension costs as a result of the market’s downturn also are likely to play into rate increase requests from Wisconsin Power & Light Co. …
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BCE Bonds Rise on Expectations C$52 Billion Buyout Will Fail
Bloomberg - USA
27 (Bloomberg) — BCE Inc. bonds rose and credit risk declined on expectations a C$52 billion ($42 billion) takeover by a Canadian pension fund will fail, …
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David Cameron angers TUC with threat to public sector pensions
guardian.co.uk - UK
politics/davidcameron”>David Cameron has angered public-sector workers by promising to end the “apartheid in pensions” that often guarantees them more …
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Civil servants who opted for EPF can revert to pension
Malaysia Star - Malaysia
By SIM LEOI LEOI PUTRAJAYA: Some 40000 civil servants, who opted for the Employees’ Provident Fund previously, can now revert back to the pension scheme. …
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Pension top-up costs rise by 50%
guardian.co.uk - UK
Workers wanting to top up their state pension will see the cost of buying a full entitlement increase by almost 50% next April, it has emerged. …
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Hedge funder target of state pension probe
New York Daily News - New York,NY,USA
BY KENNETH LOVETT ALBANY - The co-owner of a Texas-based hedge fund is a subject of a grand jury probe into the state pension fund, the Daily News has …
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Pension Losses Could Boost Energy Costs One Company Denied Rate …
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 expenses such as household …
: iStockAnalyst.com Symbols Feed - http://www.istockanalyst.com/

Cameron and the death of the gold-plated public sector pension
By Jim Pickard
Either way the Tory leader indicated this week - at a meeting of the Greater Manchester chamber of commerce - that he was minded to move away from public sector final salary schemes: “We’ve got to end the apartheid in pensions,” he said …
Westminster Blog - http://blogs.ft.com/westminster/

Expert: Woolworths pension deficit bigger than thought
By Simon Bowers
Thousands of Woolworths pension scheme members will lose a big chunk of their retirement savings following the collapse of most of the business into administration yesterday, according one leading pensions expert. …
Nside Los Angeles - http://nsidela.com/

News analysis: Shining a light into Woolies’ £150m pension hole
The entry of UK retail chain Woolworths Group into administration, which has made it the subject of potential private equity bids, has put the position of its £315m (€377m) pension fund in the spotlight. Financial News looks at the …
Latest news from Wealth Bulletin - http://www.wealth-bulletin.com/

Your pension annuity wake up pack and the OMO
By trevor
When you approach retirement you will receive from your pension provider a ”wake-up pack”. They have to send you one by law in advance of the maturity of your pension plan, and it contains information on all the retirement and annuity …
Rightannuity News - http://www.rightannuity.co.uk/news/

26 November

Jersey’s Pension Problem
New York Times - United States
New Jersey is $60 billion in the hole on pension funding and the Governor is planning on skipping payments in a “pension payment holiday” until 2012 so as …
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UPDATE 1-NY pension fund axes fund managers due to losses
Reuters - USA
NEW YORK, Nov 26 (Reuters) - New York state’s pension fund terminated several equity funds with investments totaling $2.3 billion in October, …
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CalPERS ‘Green’ Initiative Producing Results
GlobeSt. com - New York,NY,USA
While it’s too early to know if the company’s ‘green’ initiative will positively affect investment returns, the nation’s largest public pension fund said …
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Eaton Co. sheriff to resign until Jan., then draw pension, salary
Lansing State Journal - Lansing,MI,USA
Raines said he is leaving office for a month to begin collecting the pension he earned during his 33 years as a county employee. He plans to resume his job …
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Regulator says GM can carry pension plan
United Press International - USA
(NYSE:GM) wouldn’t necessarily relieve the company of its pension fund obligations, a federal regulator said. GM, which said it may run out of cash within …
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BCE Acquisition Inc. Issues Statement on BCE Announcement
MarketWatch - USA
It is the private investment arm of the Ontario Teachers’ Pension Plan, the largest single-profession pension plan in Canada, with a value as of December 31 …
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PhillyDeals: PhillyDeals: Market slump pounds Pa. pension funds
Philadelphia Inquirer - Philadelphia,PA,USA
By Joseph N. DiStefano Pension funds for Pennsylvania state workers and schoolteachers lost more than $12 billion in the three months ended Sept. 30. …
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Stroger says he’ll curtail taxing and spending
Chicago Tribune - United States
Commissioners in 2007 approved a budget calling for a $104 million pension-fund bond issue and later approved construction projects to be paid for with …
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Counties seek pension payments
Wilkes Barre Times-Leader - Wilkes Barre,PA,USA
The airport’s 45 employees contribute 2.5 percent of their pay into the county’s pension fund. They also pay 4 percent into Lackawanna County’s fund. …
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UPDATE 1-Caisse selloff spurred by hedging losses-paper
Reuters - USA
The arm’s-length government agency manages investments for various public and private pension plans. Since the fund manages the retirement savings of …
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Latin Americas Private Pension Funds in Doubt
By Rainbow Warrior
Pension funds in Latin America have suffered sometimes drastic losses as a result of the global financial crisis. Argentina decided to nationalise its private pension funds, and in Chile, Colombia and Mexico there are voices urgently …
Did You Know - http://rainbowwarrior2005.wordpress.com/

Jersey’s Pension Problem
By By Tobin Harshaw
New Jersey’s pension funding is in dire straits, and a proposed solution is getting mixed reviews.
The Opinionator - http://opinionator.blogs.nytimes.com/

Press Releases: Earning around £45k? Pension contributions could …
For people with earnings a little above the higher rate income tax threshold, making pension contributions now rather than waiting until April will increase the value of the tax relief available, according to Watson Wyatt. …
News - http://www.watsonwyatt.com/

Pension Finance: State of New Jersey Is Insolvent
By climateer(climateer)
New Jersey is $60 billion in the hole on pension funding and the Governor is planning on skipping payments in a “pension payment holiday” until 2012 so as to not increase property taxes. To top it off, the ongoing plan assumptions are …
Climateer Investing - http://climateerinvest.blogspot.com/

Global Pension Plan…so near yet…
By John(John)
From Day 1 the business model for Gobal Pension Plan has been to sign up 100000 members in a Reverse Pension Plan scheme. The start of this quest was a long time ago and in the heady days of beginning sign-ups were fast and furious …
Online Investing to Earn Money - http://investjournal.blogspot.com/

25 November

Argentine president unveils economic aid plan
The Associated Press
Many business leaders had been jolted by the government’s move to take over private pension funds ,a measure Fernandez is expected to sign into law this …
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Pa. teacher, government pension funds post losses
Forbes - NY,USA
By MARK SCOLFORO , 11.25.08, 05:00 PM EST Pennsylvania’s massive state government and teacher pension funds reported double-digit declines Tuesday, …
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AFP

Israel unveils 2.8 billion dollar rescue for banks, pensions
AFP
JERUSALEM (AFP) — The Israeli finance ministry unveiled a 2.8-billion-dollar plan to restore faith in banks and pension funds on Tuesday after widespread …
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El Paso County pension plan needs more cash
Examiner.com - USA
(Map, News) - Retirement plan officials say a pension fund for El Paso County employees needs $4.7 million to stay operational. …
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Change in pension system needed
News-Leader.com - Springfield,MO,USA
Council will be asking for an additional 1 percent sales tax for the purpose of reducing the unfunded liability of the police and fire pension plan that is …
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Tiger Brands Full-Year Profit Rose 1.4% on Pension Fund Surplus
Bloomberg - USA
… South Africa’s largest food and branded consumer-goods company, said full-year profit rose 1.4 percent, partly boosted by pension fund surpluses. …
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Ozarks First

Council Approves Outdoor Entertainment Permit, Pension Fund Vote
Ozarks First - Springfield,MO,USA
Another key issue on the council’s agenda was funding a shortfall in the police and fire pension plan. Council members voiced concerns that some citizens …
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GM’s Pension Fund Stays Afloat, Against the Odds
New York Times - United States
By MARY WILLIAMS WALSH When General Motors left Washington empty-handed last week, among the lingering questions was whether its huge pension fund could …
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No Discounts on Pension Costs at AnnTaylor Stores
By David Phillips
As a result of losses experienced in global equity markets, our pension funds are likely to have a negative return for 2008, which in turn would create increased pension costs in 2009. Our pension plan is invested in readily liquid …
10-Q Detective - http://blogs.bnet.com/secdocuments/

The LCO and Family (Pension) Law Reform
By Patricia Hughes
Yesterday (November 24, 2008), the Attorney General introduced in the Legislature reforms to family law, including on division of pensions on marital breakdown. Now, this was a project the LCO undertook a year ago. …
Slaw - http://www.slaw.ca/

Congress Should Pass Pension Provisions Now
By ChamberPost
Last week, Congress failed to enact pension legislation that would help employers who maintain defined benefit plans weather the current economic situation. However, the importance of these provisions cannot be underestimated. …
The ChamberPost - http://www.chamberpost.com/

GM and the Viability of Pension Plans
By Stephen D. Rosenberg
Well, I am not quite sure what to say, or perhaps more accurately where to start, with regard to this article in the New York Times today on the surprising financial health - at least for now - of the GM pension plan. …
Boston ERISA Law Blog - http://www.bostonerisalaw.com/

GM’s Pension Fund Stays Afloat, Against the Odds
By DealBook
When General Motors left Washington empty-handed last week, among the lingering questions was whether its huge pension fund could topple and crush the government’s pension insurance program, The New York Times’s Mary Williams Walsh …
DealBook - http://dealbook.blogs.nytimes.com/

24 November

Vitech’s V3 Pension Administration Software Improves IPERS’ Business
MarketWatch - USA
IPERS, one of the largest public pension funds in the US, contracted with Vitech in 2006 to implement and maintain a complete pension administration …
See all stories on this topic

LI attorney loses state pension as probe continues
Newsday - Long Island,NY,USA
BY SANDRA PEDDIE | sandra.peddie@newsday.com The New York State Comptroller’s office has revoked the pension of another Long Island attorney and ordered him …
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NJ aide: No conflict in state’s Lehman investment
Reuters - USA
“The pension deficit will have an impact on tax bills and state programs for decades to come,” Republican Sen. Kevin O’Toole said, calling Kramer’s absence …
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Lawmakers get answers after NJ pension fund sinks
Newsday - Long Island,NY,USA
By ANGELA DELLI SANTI | AP Writer TRENTON, NJ - With New Jersey’s pension fund sinking to $57.8 billion _ half of what it will one day owe to retirees _ …
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Australian Pension Savings Slump in October, Australian Says
Bloomberg - USA
25 (Bloomberg) — Australian pension savings fell 6.6 percent in October, the worst on record, amid global turmoil in financial markets, the Australian …
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Tom Kean: Senate Republicans United Against Corzine Pension Gimmick
PolitickerNJ - NJ,USA
The Governor needs to listen to bipartisan proposals to reform the pension system. If we he choose to ignore bipartisan alternatives, he should at least …
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Cincinnati pension losses climb
Bizjournals.com - Charlotte,NC,USA
The Cincinnati Retirement System will face a nearly $1.8 billion shortfall in its pension obligations by 2013 if it makes no changes to retiree health care …
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Pension And Medical Insurance Included In Budget
Minivan News - Scottsdale,AZ,USA
President Mohamed Nasheed on Monday unveiled new policy initiatives in next year’s budget including a Rf 2000 (US$156) pension for the elderly and medical …
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Ahead of the Bell: Owens-Illinois estimates cut
Forbes - NY,USA
He also said pension income is expected to decline and pension contributions could well rise over 2008’s roughly $63 million level. …
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Lawmakers examine NJ pension fund management
Newsday - Long Island,NY,USA
TRENTON, NJ - New Jersey lawmakers are demanding to know how the state chooses state pension fund investments after the fund lost $23 billion so far this …
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Unlike Citi, Pension Funds Fell Asleep!
By Leo Kolivakis(Leo Kolivakis)
I am sticking with my vested interests theory which states that pension funds, mutual funds and hedge funds will keep bidding this market up going into year-end. But when it comes to short-term moves in stock markets, who knows what …
Pension Pulse - http://pensionpulse.blogspot.com/

Peres calls for pension safety net
President declares that the Israeli public should not become the sacrificial lamb of the global economic crisis.
JPost Israel - http://www.jpost.com/

Pension Madara 2 (**) on various dates for €40
In the exceptional private company hotel pension Madara 2 prevails a nice atmosphere. Most of the rooms are in the inner court. Only 10 min away from the city centre (by streetcar no. 43). We also offer family rooms. …
Booking.com Best value for money… - http://www.booking.com/city/at/vienna.en.html

US Public Pension Plans Able to Recover from Market Slump
By Angus Robertson
A new analysis of US public pension investment data indicates that public plans exhibit prudent investment behavior -even during volatile market conditions. The results are contained in a new report by the National Institute on …
Research Recap » Economic Research - http://www.researchrecap.com/

Rickford Burke Slams Adam Harris On Joyce Hoyte Pension Issue
By MediaCritic(MediaCritic)
Hoyte is only receiving a tiny fraction of her husband’s pensions and entitlements to which she is lawfully entitled as his beneficiary, which he would have been entitled were he still alive. Moreover, the security situation at her home …
Living Guyana - http://livinguyana.blogspot.com/

23 November

R86m pension row: Union men suspended
The Times - Johannesburg,Gauteng,South Africa
THE two men at the centre of allegations of the mismanagement of millions of rands in workers’ pension money have been suspended from their duties. …
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National pension fund could be used to recapitalise banks, says …
Irish Times - Dublin,Ireland
He also said “liquid assets” in the Pension Reserve Fund could be used if appropriate. Speaking on RTE radio today, Mr Lenihan said the Government’s …
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Bryant verdict clouds pensions
Philadelphia Inquirer - Philadelphia,PA,USA
During the trial, prosecutors said Bryant had applied for state pension benefits for work he hadn’t performed. As an attorney for the Gloucester County …
See all stories on this topic

Treasury to present Mazuz with pension safety net plan
Ynetnews - Israel
The Treasury announced Sunday that it will be presenting an official government plan meant to protect saving placed in pension and retirement funds for …
See all stories on this topic

Voice of the Day Voters getting facts on pension plan fix
News-Leader.com - Springfield,MO,USA
If approved by the Council Monday, this proposal would ask voters for a 1-cent sales tax increase solely to fund the police/fire pension system for a …
See all stories on this topic

The pension crunch, and what to do
Rocky Mountain News - Denver,CO,USA
The financial meltdown has roiled public pension plans, as we noted last week, including the Colorado Public Employees’ Retirement Association - which is …
See all stories on this topic

Police Arrest Suspect in Japan Pension Stabbings, Kyodo Reports
Bloomberg - USA
Both Yamaguchi and Yoshihara were involved in administering pension plans. The ministry has said records of retirement contributions for 50 million Japanese …
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Is Ontario Teachers Heading for a Fall?
By Leo Kolivakis(Leo Kolivakis)
You would think this is simple to understand but so many pension funds fell victim to the illusion that risk was being managed properly by sophisticated models measuring value at risk (VaR), that nobody stopped to think about if all …
Pension Pulse - http://pensionpulse.blogspot.com/

State govt employees to join reformed pension system!
As state-owned public sector pension fund managers are nearing the completion of one year, the 21 State governments which have opted for the New Pension Scheme (NPS) are expected to join the system.
Zee News : States - http://www.zeenews.com/

Is Ontario Teachers Heading for a Fall?
By Leo Kolivakis(Leo Kolivakis)
You would think this is simple to understand but so many pension funds fell victim to the illusion that risk was being managed properly by sophisticated models measuring value at risk (VaR), that nobody stopped to think about if all …
Pension Pulse - http://pensionpulse.blogspot.com/

The 2008 Pension Answer Book: Stephen J. Krass
By admin
A standard in its field, The 2008 Pension Answer Book discusses in detail the full spectrum of pension topics - from qualification requirements to taxation of distributions, from minimum distribution requirements to 401(k) plans. …
Make Money Myself - http://makemoneymyself.com/

Bryant verdict clouds pensions
By SAdams
During the trial, prosecutors said Bryant had applied for state pension benefits for work he hadn’t performed. As an attorney for the Gloucester County Board of Social Services, he sent young associates from his law firm to cover his …
PennJersey.info Forums - http://www.pennjersey.info/forums/

22 November

Underfunded pensions may bite US energy sector
Reuters - USA
N: Quote, Profile, Research, Stock Buzz) and other energy companies top the list of US companies with severely underfunded pensions — a situation that may …
See all stories on this topic

Man tells Japanese police he stabbed bureaucrat
The Associated Press
Police have suspected the attacks were connected to the ministry’s mishandling of millions of pension records — a debacle that has drawn intense ire from …
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New pact cuts police pension benefits
Allentown Morning Call - Allentown,PA,USA
In recent months, Pawlowski vowed to aggressively fight the union, specifically on the pension issue, paying more than $100000 combined to a Philadelphia …
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Maine pension assets lose $3B
SunJournal.com - Lewiston,ME,USA
The state pension system is also being affected by the world and national financial tailspin. The Maine Public Employees Retirement System’s board chairman, …
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Argentines react to pension nationalization
The Associated Press
BUENOS AIRES, Argentina (AP) — Argentine officials on Friday praised the nationalization of $23 billion in private pensions as good news for workers, …
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Tokyo Killings May Be Tied to Scandal on Pensions
New York Times - United States
The police said the attacks may have been motivated by the lost pension records, which stirred national outrage when they came to light last year. …
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Universal Health and Universal Pension
Equally, what about a single pension taken through the tax system with a tiered benefit based on your average lifetime contributions - you pay more, you get more, but there is a minimum and maximum. Anything else you want to save for …
The Property Pin - http://www.thepropertypin.com/

Free Information - 412 (i) Pension Plans
By financial_strategy
The 412 (i) pension plans are included by the defined benefit retirement plan. The plans are accumulated from assets and have the tax-qualifier options so the employee has comprehensive coverage. This retirement plan is often used by …
Global Finance - http://www.globalfinanceworld.com/

Hotel Pension Bella (***) on Sun Nov 23, 2008 for €57.57
The Hotel Pension Bella is an ideal place to relax after an exciting sightseeing trip in Germany’s capital city. Guests will enjoy the beautiful architecture of the building, the tastefully furnished rooms, a delicious breakfast buffet, …
Booking.com Best value for money… - http://www.booking.com/city/de/berlin.en.html

Housesitting in the Frankfurt area
By Maria
My daughter and I will be gone this weekend, but the rest of the family stays behind, so there is no need for a house sitter. But when we all leave for a holiday, we generally can ask some friendly neighbors to take care of our …
Pension Sprachschule Maria Shipley - http://www.pension-sprachschule.de/

State’s Pension Funds Take $5 Billion Hit
By Advance Indiana(Advance Indiana)
Schnitzler’s report indicates that almost every pension system in the country has shed at least 10% of its value over the past year. “Every report we’re getting is down, down, down,” Elizabeth Karier of Pensions and Investments tells …
Advance Indiana - http://advanceindiana.blogspot.com/

21 November

Argentine Stocks Fall as Biggest Shareholders Seized (Update5)
Bloomberg - USA
The Merval index fell 4.1 percent to close at 828.99, extending a weekly decline to 19 percent, the steepest since the pension seizure plan emerged a month …
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Local GM Retirees Worried About Pension Benefits
WHIOtv.com - Dayton,OH,USA
They are hoping that their pension benefits won’t be cut. However, experts say that could happen if GM goes bankrupt. There are an estimated 50000 retirees …
See all stories on this topic

Argentines react to pension nationalization
Washington Post - United States
By JEANNETTE NEUMANN AP BUENOS AIRES, Argentina — Argentine officials on Friday praised the nationalization of $23 billion in private pensions as good news …
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State: Pension fund took $23B hit
The Star-Ledger - NJ.com - Newark,NJ,USA
BY DUNSTAN McNICHOL AND CLAIRE HEININGER New Jersey’s pension fund has lost more than $23 billion this year, dropping to its lowest level since 2003 as a …
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Guernsey Demands State Pension Changes
Global Money Management - New York,NY,USA
The States of Guernsey have issued a consultation paper on possible reforms to the state pension, IPE reports. The changes include increasing the retirement …
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Study: Mo. public pension system faces ‘financial challenges’
Bizjournals.com - Charlotte,NC,USA
Missouri’s public pension system faces serious long-term financial challenges, a new study says. Taxpayers face compound problems regarding the state’s …
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NJ Gov Proposes Delayed Pension Payments for Towns
WNYC - New York,NY,USA
NEW YORK, NY November 21, 2008 —Governor Corzine says he will seek a delay of some municipal pension contributions as a way to help local communities cope …
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French pension industry’s assets to stay flat in H2
Reuters - USA
By Cecilia Valente LONDON, Nov 21 (Reuters) - Volatile market conditions will virtually wipe out the growing inflows to the French occupational pension …
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Corzine to let towns delay part of their pension payments
Dailyrecord.com - Parsippany,NJ,USA
The relief would be directly proportional to what a local government’s pension obligation is, Corzine said. Assembly Speaker Joseph J. Roberts Jr., …
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Japan suspects stabbings linked to pension scandal
The Associated Press
The Health Ministry has asked police to beef up security at local pension offices, where people go to claim their pensions and file complaints, …
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A grateful nation needs to do more
By IAVA Staff
Some 75 years later, a traditional ballad, “Paddy’s Lamentation,” recounted the sad fate of new Irish immigrants lured into New York’s famous “Fighting 69th” during the Civil War, then left disabled and without their promised pensions: …
IAVA Blog - http://www.iava.org/blog/

The Right Way to Bail Out Ford, GM, and Chrysler
By Zen(Zen)
Instead of the $25 billion bandaid, which is really only meant to bail out the union’s bloated pension and benefits fund, they should help the big three get what they need most, customers for their product. Once the parties involved …
Political Rants - http://zenspoliticalrants.blogspot.com/

Brian Ross: The Neo-Cons Are Not Gone, Nor Forgotten
By Brian Ross(webmaster@huffingtonpost.com)
It breaks union power, and destroys what neo-cons have always believed was an excessive corporate welfare system in the generous pension plans of the United Auto Workers. To end these practices, you have to make them fail, and fail big. …
The Full Feed from HuffingtonPost.com - http://www.huffingtonpost.com/raw_feed_index.rdf

Him pension chair hard return
Somebody http://leftdos.info/ wiki term! Treatbase. Untilfinally! Agovisit. Meanstwice Scheme wiki channel wiki feel Famousremind. Otherwiseprotect? Platewhatever Cup rest ring tones deal! Kinggeneral! Movehave. Throughobserve. …
Kill Publish - http://candidate782.mylivepage.com/blog/index

Comparing Bear Markets, What’s Behind the Sell-Off, The 13 Stocks …
By admin
Most institutional investors and pension funds are barred from owning stocks below $5 a pop. Money managers who have been clinging to Citi will likely have to pull the trigger before the end of this quarter. …
The 5 Min. Forecast - http://www.agorafinancial.com/5min/

20 November

Argentine pension plan receives mixed reviews
The Associated Press
BUENOS AIRES, Argentina (AP) — Argentina’s plan to nationalize $23 billion in private pension funds might protect retirees from the international financial …
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Pensions frozen at Random House Inc.
The Associated Press
NEW YORK (AP) — The country’s largest trade publisher, Random House Inc., has frozen the pensions of its current employees and eliminated them for future …
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UPDATE 1-Argentina appeals to US court on pension freeze
Reuters - USA
On Thursday, Argentine senators were expected to approve a state takeover of $24 billion in private pension fund assets. The government plan has raised …
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NJ gov proposes delayed pension payments for towns
Forbes - NY,USA
Jon S. Corzine on Thursday proposed deferring some municipal pension contributions to help local communities cope with the faltering economy without cutting …
See all stories on this topic

Argentine Senate Begins Debate on Pension Funds (Update1)
Bloomberg - USA
The proposal was modified by the lower house to add restrictions on how the pension money can be used. The bill requires the social security agency to …
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Corzine: Let towns defer half of ‘09 pension payment
Asbury Park Press - Asbury Park,NJ,USA
… today that he will let counties and municipalities temporarily defer 50 percent of the payment due next April into the public employee pension system. …
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Feds: Local company’s pension plan short $120K
Bizjournals.com - Charlotte,NC,USA
The Labor Department’s suit names Vance-Warren Comprehensive Health Plan Inc. as well as current and former fiduciaries of the company’s pension plan, …
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Japan stabbings seen linked to pension scandal
The Associated Press
Both of the targeted officials were retired vice health ministers who were key figures in revamping Japan’s pension system 20 years ago. …
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Mass. pension fund falls 13 percent in October
Forbes - NY,USA
AP , 11.20.08, 12:17 PM EST Officials say the Massachusetts public pension fund lost about 13 percent of its value or about $5 billion last month, …
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Nigeria: Goje Tackles RMAFC in Court Over Pension
AllAfrica.com - Washington,USA
The request by RMAFC that they should refund the money on grounds that it was received as pension, Goje and his deputy are asking the court to declare, …
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Rush Limbaugh thinks you should work till you die
By Art L aka Wolfdancer(Art L aka Wolfdancer)
We can debate that later, but to gasbags like Limbaugh, if you work for a company for 30 years, you shouldn’t get a pension and should work till you die. Does he hate policemen and firemen as well? Should they not be able to retire with …
MadPoet - http://madpoet.blogspot.com/

Japan officials in fear of attacks
By admin
JAPAN’S top health ministry and public pension officials were being warned about their personal safety after the suspected murder of a former vice minister and a stabbing at the home of another yesterday, the ministry said. …
Business - http://www.qifenglou.info/

Underfunded Pension Liability: Lenders and Buyers Beware
By Arthur Fleischer Jr., Fried Frank, Harris,…
My firm has recently issued a memorandum entitled “Underfunded Pension Liability: Lenders and Buyers Beware,” which considers the risks posed by underfunded defined benefit pension plans to sponsors and acquirers of and lenders to …
The Harvard Law School Corporate… - http://blogs.law.harvard.edu/corpgov/

A Monthly Pension Income Can Protect Your Portfolio
By admin
Q: In your column you frequently recommend taking a lifetime pension and not a lump sum. I could understand not putting the pension lump sum at risk, but it seems to me that taking a fixed pension over, say, a 25-year retirement has …
AssetBuilder Inc. - Registered… - http://assetbuilder.com/blogs/

UK Pension Fund USS Considers Sharp Alt Asset Increase
By admin
LONDON (Reuters) - Britain’s second-largest pension scheme is mulling a sharp boost in alternative assets such as private equity and commodities and plans to more than double the size of its investment team covering the sector. …
PE Hub News: Human Resources - http://www.pehub.com/

19 November

McHenry County school district wants pension law changed
Chicago Daily Herald - Chicago,IL,USA
Stricker acknowledged the pension system was abused before the legislation was passed but said the law needs revision to make it more flexible. …
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Morningstar to Create Pension, Endowment, and Foundation Database
MarketWatch - USA
a leading provider of independent investment research, today announced it is creating a comprehensive database for US pensions, endowments, and foundations. …
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Ga. board rejects proposed teacher pensions change
Forbes - NY,USA
Holcombe and dozens of other retired educators crowded the pension office, spilling over into the hallway outside. The mob chanted “keep your promise” and …
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Redding considers asking employees to pay pension
San Jose Mercury News - CA, USA
AP REDDING, Calif.—Redding city officials may ask the city’s eight employee unions to accept concessions as a way to avoid layoffs and program cuts. …
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Japan Pension-Official Stabbings Revive Scandal of Lost Records
Bloomberg - USA
20 (Bloomberg) — This week’s fatal stabbings of former Japanese pension officials and their families threaten to reignite public outrage at missing data on …
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UK pension fund USS eyes alternative assets boost
Reuters - USA
By Cecilia Valente LONDON, Nov 18 (Reuters) - Britain’s second-largest pension scheme is mulling a sharp boost in alternative assets such as private equity …
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Knife Attacks in Japan May Be Tied to Pension Scandal
Washington Post - United States
19 — Bureaucrats here have infuriated the Japanese public by losing millions of government pension records. This week someone with a knife and a …
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General Motors Had Canada Pension Shortfall, Globe Says
Bloomberg - USA
s Canadian unit had a C$4.5 billion ($3.7 billion) shortfall in its pension fund as of November 2007, putting pressure on governments to provide financial …
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Pension watchdogs should ease funding demands-EU
Reuters - USA
FRANKFURT, Nov 19 (Reuters) - National pension regulators should allow schemes longer to build up assets which meet future benefit commitments in the wake …
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Austrian pension fund APK puts off hedge fund bet
Reuters - USA
By Cecilia Valente FRANKFURT (Reuters) - The Austrian multi-sector pension scheme, APK Pensionskasse, has put on hold plans to more than double its exposure …
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RIP Good Times?
By Leo Kolivakis(Leo Kolivakis)
Moreover, as I have repeatedly argued, pension funds, mutual funds and hedge funds need some sort of rally to materialize to make up for those severe losses they suffered in September and October. So don’t be surprised if we do rally …
Pension Pulse - http://pensionpulse.blogspot.com/

GM Canada beset by pension crisis
By noreply@blogger.com (Daryl Lorette)
TORONTO — The General Motors of Canada Ltd. pension funds had a shortfall of $4.5-billion as of last November – before the stock market collapse – creating a massive financial headache for the… [[ This is a content summary only. ...
The Internet Money Quest - http://theinternetmoneyquest.blogspot.com/

Pension final daughter apply separate
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tBlog: Recent Blog Posts - http://www.tblog.com/

Hotel Pension Waizenegger am Kurfürstendamm (**) on Wed Nov 26 ...
Hotel Pension Waizenegger is situated within a quiet location in the "Mommsenschloesschen", in the immediate neighbourhood of the Kurfuerstendamm, the pulsating centre of the western part of the city. Wihtin our district you find ...
Booking.com Cheapest deals, 1... - http://www.booking.com/city/de/berlin.en.html

27872. Florida pension fund plummets
Adrian Nenu | LH2004 | 3 rep. | http://tampabay.com/news/business/article905919.ece#~~~~[quote:1560feb8f8]Attorney General Bill McCollum said Florida is “doing pretty well compared to the market overall.” ~~~~”It’s going to have down …
bogleheads.org: Bogleheads - http://www.bogleheads.org/

18 November

Fernandez May Elude Curbs on Argentine Debt in Pension Funds
Bloomberg - USA
19 (Bloomberg) — When Argentina’s Senate votes this week on nationalizing $24 billion in pension funds, it will try to bar the government from using the …
See all stories on this topic

Ex-Lawmaker Convicted of Fraud
New York Times - United States
He was also accused of using that job and two others where he did little or no work to fraudulently increase his state pension. Mr. Bryant stood quietly as …
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NM pension plan proposes longer work requirement
Forbes - NY,USA
The longer service requirement would not apply to current employees of public schools, colleges and universities covered by the pension plan, …
See all stories on this topic

PBGC, GM Leaders Negotiate Over Auto Maker’s Pension Data
CNNMoney.com - USA
(GM) and the US Pension Benefit Guaranty Corp. are now negotiating over an exchange of financial information regarding the health of the auto maker’s two …
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Police Officers Group Backs Tax for Pension Rescue
Ozarks First - Springfield,MO,USA
The City Council is considering asking voters for a one-percent hike, to help fund the police and fire pension plan. The Springfield Police Officers …
See all stories on this topic

Public Pensions Take 35% Hit
Markets Media (press release) - New York,NY,USA
By Ed Zwirn, Regulation Correspondent Tanking equity markets have already had a pronounced effect on state and local pension funding, with the stock …
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Fairchild misses $1M pension payment
Bizjournals.com - Charlotte,NC,USA
The Fairchild Corp. has skipped a pension funding payment of nearly $1 million, citing financial hardship. The Mclean-based aerospace parts distributor said …
See all stories on this topic

Florida pension fund loses a quarter its value
Forbes - NY,USA
By BILL KACZOR , 11.18.08, 07:57 AM EST Florida’s public employee pension plan has lost more than a quarter of its peak value, but Gov. …
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Pension access ‘may help savings’
BBC News - UK
Early access to pensions in times of need would increase the number of people in the UK saving for their retirement, a report says. …
See all stories on this topic

Pension Corp seeks 400 mln stg in new fund-raising
Reuters - USA
LONDON, Nov 18 (Reuters) - Pension Corporation, a specialist British pension manager, said on Tuesday it is seeking to raise about 400 million pounds ($602 …
See all stories on this topic

Early Access To Cash “Could Boost Pension Savings”
By admin
Allowing limited access to money saved in pension schemes under specific circumstances, such as financial hardship or buying a first home, could increase both the number of people saving into a pension and the amount they saved, …
Investor.co.uk - http://investor.co.uk/

Record Profit Yields Underfunded Pension
By Rebecca Davis
ExxonMobil has the most underfunded defined benefit pension plan of all the S&P 500 companies. Yes, you read that correctly. A company yielding record profits has neglected to adequately fund its pension plan. According to the article, …
PRC Perspectives Blog - http://www.pensionrights.org/news/perspectives/

Insider: The Magnitude of Pension Deficits Compared With Firm …
Plan sponsors and others are concerned about the business risks posed by pension plans, particularly in today’s unpredictable market conditions. In this case, “risk” refers to a company’s exposure arising from pension deficits. …
Retirement Articles and News - http://www.watsonwyatt.com/

Four Years of Pension Reforms
By Abayomi(Abayomi)
The law led to the establishment of the National Pension Commission (PENCOM) at a time when protesting retirees streamed along major highways especially in Abuja and when some other people, tired of tracking contributions they had made …
Ojeeeee - http://ojesweet.blogspot.com/

Milwaukee County Pension Payouts: Union Members Aren’t the …
By Dan Cody
As a non-union employee of Milwaukee County, he could have signed a waiver any time in the past 6 years to give up his right to take part of his pension in a lump sum. (I’m not trying to pass judgment on Mr. …
Dan Cody - “Left on the Lake” - http://dancody.org/

17 November

Early access could boost pensions
The Press Association
The amount of money Britons save into pensions could be boosted by nearly a third if people were allowed access to the cash early, a report has claimed. …
See all stories on this topic

State invests pension funds in two firms
Lansing State Journal - Lansing,MI,USA
Officials said today that State pension funds have been invested in two Michigan companies, including a Lansing-based firm, as part of a program announced …
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PBGC Request To GM For Pension Information Goes Unanswered
CNNMoney.com - USA
WASHINGTON -(Dow Jones)- The US Pension Benefit Guaranty Corp. on Monday said General Motors Corp. (GM) hasn’t been responsive to the agency’s request for …
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Pension tension: Carlsbad may scale back future pension costs
Sacramento Bee - CA, USA
The North County Times reports that Carlsbad Mayor Bud Lewis wants to overhaul the city’s pension system by cutting retirement benefits for future city …
See all stories on this topic

Early access could increase pensions savings
Easier (press release) - Chester,UK
Research from Legal & General shows that the inclusion of some features of The USA & New Zealand pension systems could increase pensions savings in The UK. …
See all stories on this topic

New rule could change pension payouts for some new retirees (at …
Financial News USA (press release) - La Puente,CA,USA
City of Industry, CA –(www.FinancialNewsUSA.com)– 11/17/2008 - Retirement industry news provided by Financial News USA (OTC: FNWU). …
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Pension fund deficits could double, economists warn
Telegraph.co.uk - United Kingdom
Workers may not receive the pension they hoped for as experts warn that pension fund deficits could double to £200 billion over the next year. …
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Nikkei edges up despite GDP as pension funds buy
Reuters - USA
… data showing the world’s second-largest economy has slipped into recession, with buying by public pension funds boosting shares across the board. …
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University of California employees seek greater voice in their …
Bizjournals.com - Charlotte,NC,USA
“It’s time that UC started running its pension plan like the other public institutions in California, with a governing board of employees, retirees and UC …
See all stories on this topic

Pensions Experience Record Asset Loss in October
MarketWatch - USA
Milliman, Inc., one of the premier global consulting and actuarial firms, today released the latest update to the Milliman 100 Pension Funding Index, …
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Milwaukee County Pension Shenanigans; How About Privatizing …
By Dan Cody
They’re hardly the “rank and file” workers who are routinely lambasted for being “lazy” or “overpaid” or who commonly get the blame when we talk about the pension problem. In fact County Exec. Walker makes a common point that this needs …
Dan Cody - “Left on the Lake” - http://dancody.org/

18% of Brits cut pension contributions to survive credit crunch
Meanwhile, Axa has revealed that around 1.5 million pension holders are considering stopping their contributions entirely in a bid to save money before the country officially plunges into recession. The company warned that the effects …
BeatThatQuote News - http://www.beatthatquote.com/

The Case of the Missing Pension
By salinas93901
She has a pension plan with her corporate employer. Her employment began after date of marriage. Wife and Husband enter into a marital settlement agreement which is incorporated into the judgment. The marital settlement agreement …
Legal Research for the Litigator - http://writtenadvocacy.net/blog/

GM Pension Plans
The Pension Benefit Guaranty Corp. asks for more information o the status of GM’s pension plan, reports CNBC’s Scott Cohn.
CNBC Plus - http://www.cnbc.com/

Tax Tip: IRS Pension Plan Limitations Announced
By Dan
Many of the pension plan limitations will change for 2009 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, for others, the limitation will remain unchanged. …
Receipt Scanning and Business… - http://blog.shoeboxed.com/

16 November

Four Years of Pension Reforms
THISDAY - Apapa,Lagos,Nigeria
Some four years ago, exactly on June 24, 2004 the National Assembly enacted a law for the establishment of a contributory pension scheme for employees in …
See all stories on this topic

Expedite pension sector reforms
New Vision - Kampala,Uganda
THE Government has released sh50b pension arrears to 4735 beneficiaries. The money will cover teachers, UPDF soldiers and widows, local government workers …
See all stories on this topic

Just 150 shun pension benefits
The Daily Yomiuri - Osaka,Japan
The number of people who voluntarily declined to receive pension benefits under a system introduced in 2007 came to a mere 150 as of August, according to …
See all stories on this topic

Traditional pensions: Are they at risk?
Christian Science Monitor - Boston,MA,USA
Experiencing their worst historic performance in 2008, both public and corporate pension funds have faced staggering losses, placing enormous financial …
See all stories on this topic

NSSF to come under tighter supervision in pensions shake up
Business Daily Africa - Nairobi,Kenya
According to a new draft pensions policy, whose contents will be incorporated into the next budget, reforms at the National Social Security Fund (NSSF) …
See all stories on this topic

Alexander Forbes launches medical, pension schemes
Business Daily Africa - Nairobi,Kenya
November 17, 2008: Alexander Forbes has lined up a medical insurance scheme and an individual pension plan to tap into a market whose services are still …
See all stories on this topic

RBI faces staff ire over cut in pension payouts
Livemint - Delhi,Delhi,India
1 central bank in terms of staff, is facing staff wrath over management’s decision to reduce monthly pension payouts for around 8000 employees by between …
See all stories on this topic

Companies ask Congress for leeway on pension funding
Fort Worth Star Telegram - Fort Worth,TX,USA
AP WASHINGTON — With pension funds facing billions of dollars in shortfalls as markets plunge, a range of companies from Ford to Verizon are pushing …
See all stories on this topic

Pension loss fair penalty, court says
Boston Globe - United States
Maher, convicted of breaking into a City Hall office in 2001 to steal part of his own personnel file, was stripped of his annual $37000 pension by the …
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CARLSBAD: Mayor proposes overhauling city’s pension system
North County Times - Californian - Escondido,CA,USA
Carlsbad is one of a number of cities contemplating reducing its pension benefits. Some communities are doing so because pensions are costing more than …
See all stories on this topic

Accountant (Pension)
Bayt.com | Jobs in UAE - - Receive lists of subscription from departments, review and match with the amounts transferred and deposit in the division’s accoun - Calculate subscriptions to be submitted & changes that have taken place …
Bayt.com | Jobs in UAE - http://www.bayt.com/

Some Gurus Got it Right!
By Leo Kolivakis(Leo Kolivakis)
Indeed, there is a disconnect between the tyranny of short-term performance and what is best for pension beneficiaries over the long run. It isn’t simply about long-term incentives but also about sticking your neck out to go against the …
Pension Pulse - http://pensionpulse.blogspot.com/

Elderly Day protest urges pension plan
More than 100 protesters took to the streets yesterday on the 30th anniversary of Elderly Day, demanding policies to help improve their lives, while community groups and transport operators offered free haircuts, meals and rides to mark …
Home/News/Hong Kong - http://www.scmp.com/portal/site/SCMP/menuitem.8a7ec618f9edbb71d6249cc553a0a0a0/

US Companies Ask Congress to Suspend Rule on Pension Payments
By Signs of the Times(Signs of the Times)
Almost 300 companies are asking Congress, as part of any economic stimulus legislation, to suspend a requirement that they pay more into their pension funds, saying it may force them to cut jobs.
Signs of the Times - http://www.sott.net/

Teacher Pension Fund Value Drops $25 Billion
The state’s teacher pension fund has experienced a market value drop of about $25 million since Sept. 1.
KBTX - HomePage - Headlines - http://www.kbtx.com/home/headlines

Companies want pension reform rules eased - Cracked Nest Egg …
Nov 12, 2008 … With pension funds facing billions of dollars in shortfalls as markets plunge, a range of companies from Ford to Verizon are pushing …

15 November

Pension scheme risk from bankruptcies
Scotland on Sunday - Edinburgh,Scotland,UK
By Rosemary Gallagher MEMBERS of final salary pension schemes risk losing out in retirement as companies face bankruptcy during the credit crunch and …
See all stories on this topic

High corporate bond yields flatter pension fund liabilities
Financial Times - London,England,UK
By Norma Cohen BT Group reported a £600m after-tax surplus in its pension scheme as at September 30, down from £2bn at the end of March, with a drop in the …
See all stories on this topic

Times Online

Expert ways to shield pensions
Times Online - UK
Millions of workers have been left fearing for their pensions as the stock-market crash has wiped billions off their funds. The slide has opened up a £97 …
See all stories on this topic

The Associated Press

SUMMIT NOTEBOOK: Return to roots for host building
The Associated Press
Now known as the National Building Museum, it originally was the Pension Building, constructed the late 19th century to distribute government pensions after …
See all stories on this topic

GM Canada’s pension plan in trouble even before market collapse
Toronto Star - Ontario, Canada
G eneral Motors pensioners in Canada are seeking advice from a leading pension lawyer as the embattled automaker holds out its hand for help from the …
See all stories on this topic

Ask the Expert: Which pension option is best?
Newsday - Long Island,NY,USA
He was given a sheet from the human resources department advising us of our pension choices, but we’re not sure what they are or which ones we should take. …
See all stories on this topic

Police retired through injury on duty to face pension benefits cuts
WalesOnline - United Kingdom
POLICE officers who retired early because of poor health are devastated after being told they face cuts in their pensions amounting to hundreds of pounds a …
See all stories on this topic

US Judge Extends Freeze on Argentina Pension-Fund Transfers
Bloomberg - USA
15 (Bloomberg) — A freeze on Argentina’s transfer of its pension fund investments out of the US was extended by a federal judge in New York. …
See all stories on this topic

Google Blogs Alert for: pension

Raising pension age might not cut Estonia’s spending on pensions
By Shaan
The proposal of the State Auditor of Estonia Mihkel Oviir to raise the pension age might not significantly decrease spending on pensions, stated Andres Võrk, an analyst of the think tank Praxis, writes the National Broadcasting/LETA. …
BONJOUR L’ESTONIE - http://shaan.typepad.com/shaanou/

Should Portland join in begging for a pension bailout?
The cities of Philadelphia, Atlanta, and Phoenix are pounding on Congress’ door this weekend, crying out for billions of federal dollars to help alleviate budget problems being caused by their large unfunded pension liabilities — the …
Jack Bog’s Blog - http://bojack.org/

Cutting pension contributions. A good way to save money? [Martin …
The Telegraph reports today that an estimated 1.5m people will take a pension contribution holiday during the next two years, collectively reducing the final value of their retirement funds by nearly £35 billion. …
Ecademy: user blogs - http://www.ecademy.com/

Pension Pulse: Will the G-20 Come Up With a New Game Plan?
By Unknown user
We must also ensure that workers have rights to organize and bargain throughout the global economy, and that basic systems of social protection like minimum wages, unemployment insurance and decent public pensions are in place. …
Member Posts - http://women.barackobama.com/page/community/members

New pension rule may affect payouts for some retirees
By Elder Law
A growing number of defined-benefit pension plans, especially small- to-mid-sized plans, could be in trouble this year because of the struggling stock market combined with a little-known provision in the Pension Protection Act of 2006. …
Elder Law Prof Blog - http://lawprofessors.typepad.com/elder_law/

Last week Dallas Federal Reserve Board President, Richard Fisher, priced the present payoff for Social Security, Medicaid and Medicare at $99.2 trillion. This staggering total slipped through the big media outlets almost without comment. One has the sense that no one in America-or the world-believes that we will be able to meet our obligations, but that’s not Mr. Fisher’s main concern. He’s worried that our government will succumb to the temptation that apparently every government before us has, which is to ‘monetize’ the obligation, or reduce the actual burden by printing more money. Fisher notes that:

‘We know from centuries of evidence in countless economies, from ancient Rome to today’s Zimbabwe, that running the printing press to pay off today’s bills leads to much worse problems later on. The inflation that results from the flood of money into the economy turns out to be far worse than the fiscal pain those countries hoped to avoid … Inflation is a sinister beast that, if uncaged, devours savings, erodes consumers’ purchasing power, decimates returns on capital, undermines the reliability of financial accounting, distracts the attention of corporate management, undercuts employment growth and real wages, and debases the currency.’

Richard Fisher, Dallas Fed Reserve President and CEO http://www.dallasfed.org/news/speeches/fisher/2008/fs080528.cfm

When asked the naive question, “Will will Social Security and Medicare have enough money to give me my benefits when I retire?”, the answer is a resounding, “Yes!-provided that we can come up with another $100 trillion over the next few years.” Which is to say “No-it is beyond the realm of the possible.”

Added to the unscalable mountain It is unlikely that the US taxpayer will ever be able to , while addressing ongoing budget shortfalls (currently $10 trillion) as well as unfunded liabilities at every other level of government.

NORWALK, Conn. — As cities and states struggle with ballooning retirement costs, accounting rule makers started an ambitious project Thursday to force state and local overnments to issue better numbers and reveal the true cost of their pension promises.

At one time it would have been argued that pensions must guarantee a defined standard of living that is independent of equity markets. This social contract made sense to the generation that suffered the Great Depression a World War and two decades of recovery–less so to the current generation of politicians and fund managers.

Shares gloom leaves pension funds with £30bn deficit

"The current environment underscores some latent employer risks with 401(k) plans," says Glickstein. "For example, they make it harder for companies to predict who will retire and when. Employees who mostly rely on 401(k)s are also more likely to worry about their financial security, creating an additional drain on morale and productivity during turbulent times."

‘1.5m planning pension break’
The Press Association
One in 12 people are planning to stop paying into their pension during the coming two years in a bid to save money, research has shown. …
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US Judge holds freeze on Argentine pension funds
guardian.co.uk - UK
By Grant McCool and Daniel Bases NEW YORK, Nov 14 (Reuters) - A US judge on Friday maintained a freeze on Argentine pension fund investments in the United …
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Money matters: Counting cost of pension ‘holiday’
Scotsman - United Kingdom
URGENT action is needed to prevent pension investors from reducing or stopping their contributions, Axa has claimed. The insurer has estimated that up to …
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TARP City
Wall Street Journal Blogs - New York,NY,USA
Three of America’s largest cities have asked the US Treasury for billions of dollars to shore up pension systems, cover short-term borrowing needs and boost …
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Three big city mayors seek share of bailout
The Associated Press
They sought help with the pension costs, infrastructure investment and cash-flow problems stemming from the global financial crisis. …
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Canada Pension Bought Royal, Toronto-Dominion, Sold Manulife
Bloomberg - USA
14 (Bloomberg) — Canada Pension Plan Investment Board took advantage of a global decline in financial stocks in the third quarter to increase its bet on …
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3 Things That Could Go Wrong With Your Pension
U.S. News & World Report - Washington,DC,USA
But when companies face hard times, the future benefits workers expect to accrue in their pension plans are at risk. Private-sector pensions have lost …
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Judge rules Dr. Robert Stokes must forfeit portion of pension …
MLive.com - MI,USA
AP NEWSFLASH by Nate Reens | The Grand Rapids Press GRAND RAPIDS — Imprisoned dermatologist Robert Stokes must forfeit a portion of his pension accounts to …
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Mayors of Philadelphia, Phoenix seek bailout share
The Associated Press
The mayors sought help with their pension costs, infrastructure investment and cash-flow problems stemming from the global financial crisis. …
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Big-city mayors seek share of federal bailout plan
Forbes - NY,USA
The three mayors propose providing loans to help cities pay pension costs. They also want $50 billion in loans for investment in infrastructure, …
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‘…Start a national pension scheme for UK workers’ — Isa McDermott
Many of us, do not have a pension because of fear of mismanagement by the…
Number 10 E-Petitions - New Petitions - http://petitions.number10.gov.uk/list

Press Releases: Financial Turbulence Hits Canadian Pension Funds …
The current financial crisis is creating extreme uncertainty and potentially huge increases in 2009 contribution requirements for Canadian sponsors of defined benefit plans, according to a recent analysis conducted by Watson Wyatt …
News - http://www.watsonwyatt.com/

$4 trillion “lost” by pension funds
By pjwalker911
Losses were highest in Ireland, the US and the Netherlands, where exposures to equities were the highest at the end of 2007; pension funds in those countries lost 20% or more of assets on average, according to OECD’s website. …
Aftermath News - http://aftermathnews.wordpress.com/

FCStone freezes pension increases, sees profit drop
Kansas City-based FCStone Group Inc. reported a 38 percent drop in its fiscal fourth-quarter earnings and a freeze on future increases in its employees’ pension benefits.
Kansas City, MO News RSS Feed… - http://www.yourstreet.com/news/kansas-city-mo

Minister bows to industry pressure on pension protection
The requirement for companies to cover pension liabilities when winding up a scheme is to be reviewed by the Government.
Latest News from ICSA Chartered… - http://www.charteredsecretary.net/

13 November

New rule could change pension payouts for some new retirees
MarketWatch - USA
By Robert Powell, MarketWatch BOSTON (MarketWatch) — First, the good news, because it won’t take as long: Many of the nation’s largest traditional pension …
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Fitch Downgrades Mendocino County, California Pension Bonds to ‘A …
MarketWatch - USA
Outstanding debt consists of pension obligation bonds and certificates of obligation. Debt service payments on the pension obligation bonds are an absolute …
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Market Turmoil Causes Pension Pain for Employers and Workers
MarketWatch - USA
As Congress searches for solutions to the economic crisis, it should not overlook the impact on pension plans - and the millions of American workers covered …
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Which companies want pension relief?
Baltimore Sun - United States
Verizon sent me the full letter, including signatories, of pension sponsors requesting relief from Capitol Hill. With pension funds facing billions of …
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Pension option: Actuaries’ report lifts staff hopes
Hindu Business Line - Chennai,India
The report said that it would cost the public sector banks around Rs 6000 crore, if they were to allow the second pension option. Chennai, Nov. …
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BRIEF-PGI trading in-line but warns on pension deficit
Forbes - NY,USA
The company says the recent heavy falls in global stock markets may increase the deficit in its defined benefit pension scheme.
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Companies Ask Congress for Pension Relief
U.S. News & World Report - Washington,DC,USA
Roughly 300 companies are lobbying congress to temporarily loosen pension-funding rules. The companies, which span multiple industries and include DuPont, …
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FAQ: Post Office benefits contract
guardian.co.uk - UK
The group is facing a £4bn pension fund deficit, and the position is worsening because of stockmarket falls. At last some, in the form of the award of the …
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Retired priests can now pick up pension
By Sotto Voce(Sotto Voce)
Before 1988, clergy were not included in state pensions, but from that year, when it became obligatory for the self-employed to pay PRSI, priests were registered as self-employed and became responsible for their own tax returns. …
Clerical Whispers - http://clericalwhispers.blogspot.com/

Press Releases: Market Turmoil Causes Pension Pain for Employers …
Watson Wyatt urges Congressional action. [UNITED STATES]
Retirement Articles and News - http://www.watsonwyatt.com/

Portland debt clock ratchets up for bad pension news
As reported here yesterday, the City of Portland has announced to the world that it had been underestimating the magnitude of its unfunded liability for pension and disability obligations to its police and firefighters. …
Jack Bog’s Blog - http://bojack.org/

What You Need To Know About Corporate Pension Plans
By Lynn Carpenter
The problem with Lockheed Martin and several other companies is that the potential for big pension shortfalls is craftily understated in the discount rates they use in their projections. Lockheed has been using a discount rate of 7.5% …
Contrarian Stock Market Investing… - http://www.contrarianprofits.com/

Court rejects claim of expat frozen pension campaigners
The European Court of Human Rights (ECHR) has rejected, by six-to-one, the claim of a consortium of expat pensioner groups, that the UK’s frozen pensions policy is discriminatory and in breach of the Human Rights Act. …
Expat Focus - http://www.expatfocus.com/

12 November

General Motors Pensions Plans Are Currently Solvent
CNNMoney.com - USA
(GM) on Wednesday said regardless of what happens to it financially in coming months, the auto maker doesn’t expect its pension programs to become …
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Shortfall in pension fund at $2.7 million
San Diego Union Tribune - United States
By Matthew T. Hall The gap between promised pension benefits for San Diego city employees and available money to pay them has ballooned to $2.7 billion, …
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The Principal to Congress: Save US Pension Plans
MarketWatch - USA
DES MOINES, Iowa, Nov 12, 2008 (BUSINESS WIRE) — Companies with defined benefit pension plans may soon find themselves between a rock and a hard place: …
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City Hall blog: Dallas employees’ pension fund has lost $1 billion …
Dallas Morning News - Dallas,TX,USA
By RUDOLPH BUSH / The Dallas Morning News Thanks to the plunging markets, the Dallas Employee Retirement Fund is down $1 billion in value over the last 12 …
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Grand Rapids city pension funds take a hit as market falls
MLive.com - MI,USA
by Jim Harger | The Grand Rapids Press GRAND RAPIDS — The City of Grand Rapids’ pension funds have lost more than $225 million since late May, …
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Company pension protection rules to be reviewed
Reuters UK - UK
By Tim Castle LONDON (Reuters) - The government is to review legal safeguards preventing unscrupulous employers from walking away from their pension schemes …
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Seattle’s budget, pension, port taxes plus reader comments on …
Seattle Post Intelligencer - USA
Also the story about companies asking for pension relief. The Port of Seattle’s tax increase. Did voters give a blank check to all tax increases? …
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Canadian Pension Plan Funding Levels at Record Low, Globe Says
Bloomberg - USA
12 (Bloomberg) — Canadian pension plans’ funding levels may have fallen to a record low of about 72 percent of their obligations, the Globe and Mail …
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Priests face €11600 pension cut as diocese deducts State equivalent
Irish Times - Dublin,Ireland
From now on, the archdiocese intends contributing just the difference between that contributory State pension and the current total salary for retired …
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Companies push Congress for pension relief
The Associated Press
WASHINGTON (AP) — With pension funds facing billions of dollars in shortfalls as markets plunge, a range of companies from Ford to Verizon are pushing …
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11 November

UC employees to resume contributing to pension plan after 18-year …
Bizjournals.com - Charlotte,NC,USA
It’sa move occurring across the country as pension plans and endowments feel the pain of the financial turmoil after chalking up robust gains for several …
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Unions work to restore pension package
Livemint - Delhi,Delhi,India
New Delhi: Trade union representatives on Tuesday started working towards restoring pension benefits to tens of millions of workers who risk having these …
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Reader: What Will Happen to My Pension if My Company Tanks?
U.S. News & World Report - Washington,DC,USA
Can you tell me in general terms how the U.S. Pension Benefit Guaranty Corp. (PBGC) would take over if Ford dumps their pension liabilities on PBGC? …
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THI boss in court for failure to remit pension contributions
DailyNewsOnline - Dar es Salaam,United Republic of Tanzania
… of the Tanzania Heart Institute (THI), Dr Ferdinand Masau, for allegedly failing to pay over 79m/- statutory pension contributions for his employees. …
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African bourses move to attract pension funds
Global Pensions - London,UK
ASEA, which represents 20 stock exchanges from 27 countries, wants more institutional investors, pension funds, mutual funds and hedge funds to consider …
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£1m fine for pensions mis-selling
BBC News - UK
A financial advice firm has been fined more than £1m by the City watchdog for mis-selling pension products. AWD Chase De Vere Wealth Management, …
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Reuters Summit-UPDATE 1-Fidelity woos Asia pension, gov’t funds
guardian.co.uk - UK
"Sovereign wealth funds, large pensions, some of those funds, not all of them, are looking at the current markets as an opportunity to adjust their asset …
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Clearing obstacles for funds paying pensions
The Australian - Sydney,Australia
THE prohibition on redeeming some unlisted managed funds is creating a large dilemma for many superannuation funds, particularly those paying a pension. …
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BT cuts final salary pension link
BBC News - UK
It wants to cut the traditional link with final salaries, to raise the retirement age to 65, and to build up pension entitlement at a slower rate. …
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Financial crisis hits Britons’ retirement hopes
The Associated Press
Barings’ survey found that 35 percent of non-retired British adults have made no pension provision at all — and yet still expect on average to be able to …
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10 November

Business Lobbies New Administration for a Pension Break
Workforce Management - Irvine,Ca,USA
Getting Obama and lawmakers to pay attention to pension funding could prove to be a major challenge. So lobbyists are preparing to make a broader case for a …
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RH Donnelley to freeze pension plans
Bizjournals.com - Charlotte,NC,USA
RH Donnelley will freeze its pension plans for workers on Jan. 1, the company says, replacing the retirement coverage with an enhanced 401(k). …
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Ways to deal with pensions and divorce
Belfast Telegraph - United Kingdom
Question: I am currently going through a divorce and understand that my pension has to be taken into account. Can you outline what options are open to me …
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Credit crunch ‘hits pension hopes’
The Press Association
People now expect to retire a year later than they did last year, after the recent financial turbulence hit their confidence in pensions, research has shown …
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Premiers urge quick action on pensions, infrastructure
The Canadian Press - OTTAWA
OTTAWA — The premiers are urging Ottawa to act quickly on protecting the viability of pension plans, speed up infrastructure spending and rescue Ontario’s …
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Insurer makes pension error payback
The Press Association
Those who have yet to draw their pension will have it increased to the level it would have been at if the error had not occurred.
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Private pension funds now £100bn in red after ‘extinction event …
Daily Mail - UK
Latest figures, published yesterday, show Britain’s 7800 final salary pension schemes have a black hole of nearly £100billion. …
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Alarming Number of Employees Unable to Receive Pension Checks
Mass Media Distribution LLC (press release) - Naples,FL,USA
PLAINVIEW, NY (MMD Newswire) November 10, 2008 - - Americans who thought their money was safely put away in traditional pension plans are now faced with …
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Pension scheme deficits worsen
BBC News - UK
UK final salary pension schemes have fallen even deeper into the red because of falling share prices, says the Pension Protection Fund (PPF). …
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9 November

Pension funds set to flee equities
Financial Times - London,England,UK
By Steve Johnson Pension funds and other institutional investors look set to turn their back on active equity managers as they reassess their strategies in …
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Icelandic pension funds to delay bond payments
Financial Times - London,England,UK
By Spencer Anderson Icelandic pension funds have decided to restructure and postpone domestic corporate bond payments, in an effort to prevent further …
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Workers to migrate to 3-tier pension scheme
Joy Online - Accra,Ghana
Workers aged below 55 and currently on the Social Security and National Insurance Trust (SSNIT) will automatically move to the new three-tier pension scheme …
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Vets’ ex-partners face pension war
Melbourne Herald Sun - Australia
THE partners of hundreds of disabled war veterans face a pension cut if the Senate passes proposed changes today. The move to stop the separated partners of …
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In brief: Pension shortfall
Kansas City Star - MO,USA
The defined-benefit plans of companies in the Standard & Poor’s 500 are now underfunded by a total in excess of $200 billion, according to an estimate by …
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8 November

Scots pension ‘crisis’ looms unless employer contributions soar
Sunday Herald - Glasgow,Scotland,UK
"For many years, employers with final salary schemes had pension contribution holidays because the stock market was doing well and regulations prevented …
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Sreelatha Menon: Pension comfort
Business Standard - Mumbai,Maharashtra,India
A slew of private sector schemes tap the small savings of the informal sector to provide pension cover to the old who are not covered by any government …
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Pension-case allegations by SEC panned by judge
San Diego Union Tribune - United States
It said they did not disclose to bond buyers that the city faced huge costs for funding its pension and retiree health obligations that could only be met by …
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Former TrentonWorks employees still waiting for pension cheques
TheChronicleHerald.ca - Halifax,Nova Scotia,Canada
By MARY ELLEN MacINTYRE Truro Bureau Vern Cooke continues to wait for his pension from a Pictou County railcar manufacturer that closed down last year. …
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Argentine Stocks Decline After Pension Vote; Tenaris Drops
Bloomberg - USA
Legislators voted 162 to 75 to back President Cristina Fernandez de Kirchner’s plan to seize about $26 billion in private pension funds after a session that …
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Argentina passes pension privatisation bill
ABC Online - Australia
The controversial proposal has sparked demonstrations throughout the country but after a rigorous 14-hour debate, the Lower House passed the bill. …
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7 November

Property dips as top pension plan
Scotsman - United Kingdom
PLUNGING house prices have diminished faith in property as a pension investment, new research has revealed. Just 33 per cent of people polled by Alliance …
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British workers unaware of how a company pension can help
Scotsman - United Kingdom
OPTING against joining their company pension scheme costs UK workers a total £5.07 billion a year, Prudential has claimed. It said that two thirds of …
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Argentine stocks fall on pension takeover news
The Associated Press
SAO PAULO, Brazil (AP) — Argentine stocks fell Wednesday after lawmakers approved a plan to nationalize pension funds. But other Latin American markets made …
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Argentine pension nationalization near
Pensions & Investments - Chicago,IL,USA
By Drew Carter Argentina’s nationalization of private pension funds was approved early this morning by the country’s lower house, the Chamber of Deputies, …
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Argentine stocks fall on pension takeover news
Economic Times - Gurgaon,Haryana,India
SAO PAULO, BRAZIL: Argentine stocks fell steeply on Wednesday after lawmakers approved a plan to nationalize pension funds. But other Latin American markets …
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Argentine house backs pension nationalization
International Herald Tribune - France
AP BUENOS AIRES, Argentina: A bill to nationalize $23 billion in private pension funds easily won approval in Argentina’s lower house of Congress on Friday. …
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Analyst: Steel firms could face new pension woes
Forbes - NY,USA
AP 11.07.08, 11:55 AM ET Steel companies’ pension assets are expected to fall sharply because of deteriorating financial market conditions, according to a …
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IMF Agrees $15.7 Billion Loan to Bolster Hungary’s Finances
International Monetary Fund - Washington,DC,USA
Under the authorities’ program, expenditure restraint will be achieved in part through reductions in the overall government wage and pension bill. …
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Despite Huge Profits Big Oil Has Big Hole in Pension Funding
Workforce Management - Irvine,Ca,USA
That included Exxon Mobil, ConocoPhillips and Chevron, which have been reporting huge profits but still had three of the 10 most underfunded pension plans …
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Pension Law Advances to Argentina Senate
Wall Street Journal - USA
By MATT MOFFETT BUENOS AIRES — Argentina’s lower house of congress overwhelmingly approved the leftist government’s proposal to nationalize private pension …
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6 November

Cut link between pension savings, employment, think-tank urges
Canada.com - Don Mills,Ontario,Canada
The institute says pension-plan participation in the private sector is at an all-time low of 23 per cent. Currently, Canadians cannot take part in …
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Fitch: Argentine Corporate Outlook Dismal with Pension …
MarketWatch - USA
‘The recent proposal by President Cristina Fernandez de Kirchner to nationalize the private pension funds threatens to eliminate the local bond market as a …
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Spanish Pension Funds Underperform
Global Money Management - New York,NY,USA
Spanish pension funds underperformed last month, returning only -3.4%. According to data issued by investment consultant Mercer, the negative returns in …
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Ontario Pension Commission report seminar
National Post - Toronto,Ontario,Canada
Calgary partner Chris Brown, who is co-chair of The Joint Expert Panel on Pension Standards reviewing pension reform in Alberta and BC, will be a panelist. …
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Canadian Pension Giant OMERS Closes Deal to Acquire Oncor Stake
MarketWatch - USA
"By leveraging the financial resources of the $52 billion(i) (Cdn) OMERS pension plan, with the active asset management expertise and discipline of the …
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US Pension Plan Funding Status Plunges in October, According to …
MarketWatch - USA
Funding ratios at the typical US corporate pension plan fell 3.7 percentage points in October as stocks had their worst month since 1987, according to BNY …
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City to raid healthcare fund to support pension
Global Pensions - London,UK
by Andrew Sheen 6 November 2008 US – New York City will raid up to US$1.1bn from its retiree healthcare fund to cover a pension plan funding gap over the …
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US pension funds put brakes on hedge fund bets
Reuters - USA
By Svea Herbst-Bayliss After helping the hedge fund industry double their assets to $1.7 trillion (1 trillion pounds) over the last three years, pensions …
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BRISTOL: Council Member Removed From Pension Panel
Hartford Courant - United States
… council member Ken Cockayne escalated on Wednesday when the mayor abruptly removed Cockayne from a committee studying a controversial pension proposal. …
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Turkish pension funds market seen growing 2008-09
Reuters - USA
ISTANBUL, Nov 6 (Reuters) - Turkish pension fund assets are set to grow to 6 billion lira ($3.9 billion) in total this year and to 9 billion lira next year, …
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5 November

US pension funds put brakes on hedge fund bets
guardian.co.uk - UK
By Svea Herbst-Bayliss BOSTON, Nov 5 (Reuters) - The love affair between US pension funds and hedge funds is cooling. After helping the hedge fund industry …
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Argentine Pension Protesters Gather at Congress on Eve of Vote
Bloomberg - USA
5 (Bloomberg) — Supporters and opponents of Argentine President Cristina Fernandez de Kirchner’s plan to nationalize about $26 billion in private pensions …
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Report split on pension financing options
The Daily Yomiuri - Osaka,Japan
The final report on the future of the basic pension system remained vague about how it should be financed, incorporating two seemingly conflicting proposals …
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Invesco Hires Former Pension Fund Manager
Markets Media (press release) - New York,NY,USA
He previously served as director of Institutional Asset Allocation at Banc of America Capital Management and assistant treasurer and director at Pension …
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Nigeria: Pencom Urges States to Embrace Contributory Pension Scheme
AllAfrica.com - Washington,USA
National Pension Commission (PenCom) has pleaded with states in the federation that are yet to adopt the contributory pension scheme to do so for the …
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Pension Reform Committee embarks on outreach programme
Joy Online - Accra,Ghana
The Pension Reform and Implementation Committee is embarking on a nation-wide outreach programme to educate the public on the new pension scheme, …
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HSBC risks trustee clash over pension changes
Times Online - UK
HSBC will decide within the next six weeks whether to press ahead with controversial changes to its pension arrangements in what could trigger a damaging …
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OC Voters Vote in Force for Pension-Changing Measure J
NBC Los Angeles - Los Angeles,CA,USA
Orange County residents overwhelmingly approved a measure Tuesday that gives voters final say on future county employee pension increases. …
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Japan pension funds eye more alternatives-JP Morgan
Reuters - USA
TOKYO, Nov 5 (Reuters) - Japanese pension funds plan to increase their investments in alternative assets while reducing domestic equities in their …
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Property Less Appealing Pension Investment
istockAnalyst.com (press release) - Salem,OR,USA
Only 33 per cent of people now think property will make up a substantial proportion of their pension income, down from 43 per cent last year, according to …
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4 November

Argentina’s pension plan seen clearing lower house
Reuters - USA
By Kevin Gray BUENOS AIRES, Nov 4 (Reuters) - President Cristina Fernandez is expected to win backing for a bill to nationalize Argentina’s private pension …
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Pension commutation withdrawn
Hindu - Chennai,India
NEW DELHI: The Union Labour Ministry has amended the pension scheme rules under the Employees Provident Fund (EPF) and Miscellaneous Provisions Act, …
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SIA letters turn up few pension data leads
The Daily Yomiuri - Osaka,Japan
Government efforts to identify the holders of unidentified pension records have not proved very successful despite the notification of 108 million …
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Personal pensions look to be falling behind
The Australian - Sydney,Australia
Collectively, Simpler Super, tax-free pensions for the over 60s, simple account-based pensions and tax-effective transition to retirement strategies have …
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Pension funds pile into UBS infrastructure fund
Global Pensions - London,UK
by Giovanni Legorano 4 November 2008 GLOBAL – Nearly half of the investors in the recently closed US$1.5bn UBS International Infrastructure Fund are pension …
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Property and stocks fall out of pension fashion
Reuters UK - UK
LONDON (Reuters) - The proportion of people naming property and shares as major components of their pension savings has slumped, according to a survey …
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US financial institutions owe executives over $40 billion
Economic Times - Gurgaon,Haryana,India
An analysis by The Wall Street Journal showed that financial giants getting cash injections owe over 40 billion dollars for the past year’s pay and pension. …
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Pension insurers switch strategies as assets fall
Sofia Echo - Bulgaria
Bulgarian pension funds have stepped up investments in bank deposits and corporate bonds and cut down on collective schemes in the first nine months of 2008 …
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Business Groups Urge Lawmakers To Ease Pension Accounting Rules
Alibaba News Channel - New York,NEW YORK,USA
WASHINGTON — A coalition of business groups have told Congress numerous companies may have to freeze or suspend their employee pension programs unless …
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3 November

Traditional pension and bonds (and stocks)
Marketplace - Los Angeles,CA,USA
I’ve got a three-part retirement plan: a government pension, social security and a 457k. Rather than following John Bogle’s advice to invest in bonds at a …
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Mean Street: Pursuing the American Dream. What’s Left of It
Wall Street Journal Blogs - New York,NY,USA
Retire at age 50 on a pension. Social Security kicks in at 62. Live comfortably until you die at 85. In effect, you receive 35 years of a government-secured …
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Fitch: Next McClatchy Cash Crunch Could Be Pension Funding
Editor & Publisher - USA
By Mark Fitzgerald CHICAGO The McClatchy Co. could face a new cash-flow pinch in the next few years as it accelerates funding of its pension obligations, …
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‘My property is my pension’ falls out of fashion
Telegraph.co.uk - United Kingdom
People saving for their pensions are turning their backs on property and shares in favour of company pensions, new research shows. …
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Fewer rely on property for pension
The Press Association
Only 33% of people now think property will make up a substantial proportion of their pension income, down from 43% last year, according to pension provider …
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Shock-proof your pension in minutes
Telegraph.co.uk - United Kingdom
If you have five or more years to go before you retire you could protect yourself from future misery by switching your existing pension to a fund that …
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Fitch: media may keep modest pension liabilities
CNNMoney.com - USA
NEW YORK (Associated Press) - Fitch Ratings said Monday that domestic media and entertainment companies will likely maintain modest pension liabilities in …
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Decrease in state pension checks expected
Chicago Tribune - United States
Retired state government workers are expected to see a decrease in their monthly pension checks. Wisconsin’s multibillion dollar public employee pension …
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Fitch: Pension Funding Requirements Still Achievable for US Media …
MarketWatch - USA
NEW YORK, Nov 03, 2008 (BUSINESS WIRE) — While pension plans of US media & entertainment companies should face weaker under-funded status heading into next …
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Nicholas Watts: Beware the dangers of pension recycling
Belfast Telegraph - United Kingdom
I refer specifically to the tax-free lump sum that you can take whenever you cash in your pension scheme. The practice of recycling this involves taking …
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2 November

New South Wales May Sell Government Pension Fund, Review Says
Bloomberg - USA
3 (Bloomberg) — The New South Wales government will sell its pension administration business for as much as A$70 million ($46.8 million) to help cover a …
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BT pension deficit soars by £5bn
Telegraph.co.uk - United Kingdom
The deficit in BT’s pension scheme guaranteed by taxpayers is estimated to have soared by £5bn this year to about £16bn due to the falling stock markets, …
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Pension system a disaster in the making
Globe and Mail - Canada
30 is the date, every year, on which the company measures the health of its pension schemes. When this year’s tallies are done, it’s going to be ugly. …
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Underfunded pensions may drain corporate cash
Economic Times - Gurgaon,Haryana,India
NEW YORK: Corporate pension plans, which were largely overfunded last year, are on their way to their greatest underfunded status in years, and could drain …
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Argentina pension funds try to avoid nationalization
Reuters - USA
BUENOS AIRES, Nov 2 (Reuters) - Argentina’s private pension funds will propose a series of reforms as an alternative to the government’s bid to nationalize …
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BT set for pension fund shake-up-newspaper
Reuters - USA
L: Quote, Profile, Research, Stock Buzz) plans to make large-scale reforms to its 35 billion pounds ($56.95 billion) pension scheme following last week’s …
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BT set to overhaul pension scheme
The Press Association
Telecoms giant BT is planning to overhaul its 69000-strong pension scheme to slash costs after last week’s shock profits warning, it has been reported. …
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Women have chance to fill gaps in pension payments
Scotsman - United Kingdom
Most women will have to work longer before handing back the office keys, but at least when they do retire they should receive a bigger state pension. …
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Memory stick loss shuts UK govt system
The Age - Melbourne,Victoria,Australia
The Department for Work and Pensions said the system’s security had not been breached, but a computer expert told the newspaper the data could enable …
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Tax website closed by security breach
Telegraph.co.uk - United Kingdom
Access to driving licence applications, VAT returns, pension entitlements and child benefit websites were shut down for two days this weekend as an …
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1 November

Argentine Debt Rating Cut by S&P Amid Default Concern (Update7)
Bloomberg - USA
Bond declines deepened last week after President Cristina Fernandez de Kirchner announced plans to nationalize pension funds, a move many investors said is …
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State pension fund down $1.9 billion
The News Journal - Wilmington,DE,USA
By JEFF MONTGOMERY • The News Journal • October 31, 2008 The global economic meltdown has reduced the value of Delaware’s public employee pension fund by …
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World markets up on pension fund buying spree
The Associated Press
LONDON (AP) — World markets rose Friday amid stock buying from pension funds balancing their portfolios at the month’s end and a general sense that share …
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Argentine Plan May Wipe Out Managers: Consultatio (Correct)
Bloomberg - USA
Consultatio and other portfolio managers in Argentina will complete the forced sale of pension funds’ Brazilian stocks today and probably will have to …
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Pension fund assets shrink
Aftenposten - Oslo,Norway
Norway’s 117 private and local government pension fund organisations have been hit by the economic crisis and many of them need more capital. …
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Denmark Eases Pension Rules to Stem Mortgage Declines (Update3)
Bloomberg - USA
The government, the Financial Supervisory Authority and the Danish Insurance Association agreed to let pension funds, which hold 25 percent of outstanding …
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Pension Funds Weakened By Stock Market Decline
TIME - USA
A new report from Goldman Sachs’ Global Markets Institute illustrates that massive equity losses have resulted in S&P 500 companies’ pension funds fading so …
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Pension funds still gambling on stocks
National Post - Toronto,Ontario,Canada
We’ve been wondering when operators of the great pension equity investment shell game would come calling on governments to bail them out, and here they are! …
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“The financial health of Canadian pension plans was markedly worse as the market tumbled through the end of September,” consulting firm Mercer said, noting that its pension health index was down six per cent at the end of September from the end of the second quarter, and about 10 per cent for the year.”

It is projected to have fallen to 70% by 9 October. The article goes on the say that,

“According to one estimate, company pension funds have lost about $50 billion over the past six months in the stock market, while individuals have lost an estimated $30 billion.”

Underfunded defined benefit plans could pay pensioners according to the level of funding, which would have current retirees walking away with a pension valued at 70% of the promised value.

Defined contribution plans are typically following the markets, which would put many retirees’ portfolios  40% short in Mid October.