You Searched For "Pension Payment System" and got 20 results
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6 mins read
Detroit Fight Shows Why Public Pensions Are Bound For Problems
Let’s say a pension fund anticipates an annual return on assets of 8%. But there’s a bad year, and …
Josh Barro
3 mins read
A Multi-Billion Dollar Pension Crisis Threatens Chicago's Future
The shortfall amounts to about $7,100 per Chicago resident. That's nearly eight times the per perso…
Sarah Burnett, Associated Pre…
5 mins read
'Abused', 'a-typical' and a Pensions Lifeboat: Here's what we learned from the first day of the BHS inquiry
Green and his companies put up another entity as a guarantor for the pension scheme that couldn't m…
Oscar Williams-Grut
4 mins read
What Congress Must Do To Prevent Future Detroits
Liberals won't like it because it will discourage the provision of defined benefit pensions. That's…
Josh Barro
3 mins read
America's third-biggest school system is in financial trouble
Emanuel also proposes increasing property taxes in Chicago to generate an additional $175 million t…
Abby Jackson
7 mins read
If Liberals Hate Job Lock, Why Do They Like Defined Benefit Pensions So Much?
In effect, by investing pension funds in risky equities and then guaranteeing fixed payouts, govern…
Josh Barro
3 mins read
Illinois Governor Cuts Off Pay For Lawmakers Until They Can Solve State's Pension Crisis
Quinn set numerous hard deadlines, including two special sessions, for lawmakers to resolve the cri…
Sarah Burnett, AP
4 mins read
Illinois Settles With SEC For Misleading Muni Investors - State Had Failed To Properly Disclose Underfunded Pension
The SEC’s order finds that Illinois misled investors about the effect of changes to its funding pla…
Rob Wile
3 mins read
Here's The Uncomfortable Answer To Whether Treasury Can 'Prioritize' Payments In The Event Of A Debt Ceiling Breach
Given reasonable assumptions for receipts and planned expenditures, the remaining cash could last u…
6 mins read
The Social Security curveballs making retirement even more confusing
Patrice Earnest, 66, is getting a $0 Social Security check. She's not alone.
Noah Sheidlower,Juliana Kaplan
2 mins read
The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, a…
Lakshmi Varanasi
3 mins read
A veteran baby boomer retired in Germany before relocating to South Korea. He says the healthcare is affordable and he can travel easily.
Danny Keay, 60, initially retired in Germany but later moved to South Korea. He prefers the healthc…
John Towfighi
4 mins read
Retiring at 50 has long been a guarantee for parts of China's working class — until now
Women in China's working class get to retire at 50 and collect pension checks, but the country is r…
Matthew Loh
7 mins read
Social Security won't save you
Baby boomers who struggled to save for retirement say that relying on Social Security doesn't cut i…
Juliana Kaplan,Noah Sheidlowe…
4 mins read
A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).
Maureen lives on $1,601 monthly Social Security payments but doesn't want to use her 401(k) because…
Allie Kelly
6 mins read
A boomer who has had cancer and gets $2,200 a month in Social Security can't retire comfortably: 'It's a catch-22'
Wendy Jones, 71, and her husband with disabilities face financial struggles even though she receive…
Noah Sheidlower
8 mins read
Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work.
Some baby boomers who hoped to retire are instead draining their savings and cutting costs on food,…
Juliana Kaplan,Noah Sheidlower
4 mins read
A boomer gets just $1,056 a month in Social Security and works as a bus driver: 'I don't see myself being able to retire, but I'm grateful and healthy'
Emma Echols, 68, gets $1,056 a month in Social Security and works as a bus driver, worrying she can…
Noah Sheidlower
4 mins read
A 63-year-old working 2 jobs is worried about retirement. She says she's been overeducated and underpaid her entire career.
Cathy, a 63-year-old clerical worker in Minnesota, fears she may never be able to fully retire, eve…
Noah Sheidlower
8 mins read
Meet the Americans who can't retire
Retirees used to count on ample pensions and a chance to unwind after a long career. Not anymore.