Pension News for 15 November 2008

November 16, 2008

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 …
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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 …
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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 …
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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 …
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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 …
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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. …
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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. …
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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/

Written by Bear · Filed Under News

Pension Fund Meltdown