Search Results For pension plans retirement public

Obama's minimum wage proposal may split Democrats

Peter Westerman | January 28, 2014

Democrats can speak hopefully of a new populist moment centered on proposals such as a higher minimum wage, but this is the third or fourth time that the president has attempted to launch a new populist, progressive moment.

Illinois unions sue to stop $100 billion pension funding fix

Peter Westerman | January 28, 2014

The unions, which include the biggest organizations representing state workers, called legislation signed into law last month by Democratic Governor Pat Quinn to reduce the shortfall theft, according to a statement.

Actuaries urge Obama to take action on Social Security

Peter Westerman | January 27, 2014

The American Academy of Actuaries group called on the president, as well as Congress, to vow to ensure the long-term viability of Social Security and Medicare, something that has long been talked about with little to show for all the rhetoric.

Hybrid DB/DC plan getting play

Peter Westerman | January 24, 2014

The big upside is that the employer and the employees split the investment risk between them so neither side shoulders all of it.

A belated introduction

Peter Westerman | January 22, 2014

While Im a veteran writer and editor whos covered tech and some financial topics, Im not on top of all the issues and players moving this market. Not yet, anyway.

Professor puts ideas into practice as reverse-mortgage firm CEO

Peter Westerman | January 21, 2014

Columbia Business School Professor Christopher Mayer says hes so convinced that reverse mortgages can be a cornerstone of responsible retirement planning that hes gone into the business.

Puerto Rico’s Supreme Court halts teacher pension system reform

Peter Westerman | January 17, 2014

The reforms, which led to a strike this week and street protests outside the capitol, increased employee contributions to the retirement system to 10 percent of salary from 9 percent.

Pennsylvania pension-fix impasse punishes investors

Peter Westerman | January 16, 2014

The state may see its relative borrowing costs double within two years and its credit grade weaken without a fix, said Adam Mackey, head of munis at PNC Capital Advisors.

California town may cut $100,000 lifeguards as pensions pile up

Peter Westerman | January 15, 2014

The Orange County city with a median home value of $1.5 million according to Zillow.com, is weighing bids from other governments and private companies for lifeguard services at Corona del Mar State Beach, which the municipality patrols,

Washington bill offers $10K to workers who swap pension for 401(k)

Peter Westerman | January 14, 2014

The proposal comes shortly after machinists for Boeing agreed to move from a defined benefits plan to a defined contributions retirement system in exchange for a cash bonus of $10,000.

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