America, about 26 million people across America are relying on state and local pension plans to take care of them in their retirement years. That figure includes 15 million retired Read more
Tag: pensions
This U.S. pension plan faces a bigger crisis than the U.K.’s
Could the U.S. pensions behemoth be hit by the kind of crisis that just swept across the U. K.? Don’t bet on it, says ratings agency Fitch. This kind of Read more
U.K. pensions regulator pushed funds into derivatives strategy that prompted Bank of England rescue
The derivatives-based investment strategy that tipped the U.K.’s pension sector into crisis started with good intentions: Help companies fulfill promises they made to employees to pay a steady income through Read more
The incredible story of how a scrappy group of truckers rescued their pensions
After a long, loud battle, the victory has come quietly. Over the past few months, deposits have started appearing in the accounts of former truckers, iron workers and other retirees Read more
Retirees, here’s how returning to work may affect Social Security, Medicare, pensions and taxes
Amid rising inflation and a volatile stock market, many retirees are heading back to work. In April, Hiring Lab, the economic research arm of the job board Indeed.com, reported that as of Read more