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October 11, 2008 12:08:03 AM CDT

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Stories related to: pensions

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14 Stories

  • October 2008

    • Pal: Convicted OJ 'in Shock'

      New York Daily News  |  Oct 6, 08 10:40 AM CDT

      Pal: Convicted OJ 'in Shock'

      (Newser) - OJ Simpson is “in shock” over his conviction and the prospect of spending the rest of his life behind bars. “I can't believe I'm in here for this nothing incident,” he said. “He's strong. He's just in shock,” a friend told the New York Daily News . “His first concern is his kids,” who will receive Simpson’s $25,000-a-month NFL pension. More »

      Tags

      NFL  • Las Vegas  • OJ Simpson  • celebrity trials  • conviction  • pensions

  • September 2008
  • August 2008

    • United Should Be Liquidated

      BusinessWeek  |  Aug 13, 08 5:49 PM CDT

      United Should Be Liquidated

      (Newser) - What with the oil price spike, times are rough all around for airlines, writes Roben Farzad for BusinessWeek . But United presents a uniquely bungled case, and it is irresponsible to pity it along with other struggling players in the industry. "Even if the airline devised a way to run its 767s on oil from all the peanuts it has wrested from passengers, the institution seems almost culturally incapable of banking a profit," writes Farzad. More »

      Tags

      credit crisis  • airline industry  • strike  • United Airlines  • fuel costs  • pensions  • cost cutting

    • Firms Gamble Pensions to Fund Exec Perks

      Wall Street Journal  |  Aug 4, 08 9:18 AM CDT

      Firms Gamble Pensions to Fund Exec Perks

      (Newser) - Companies from CenturyTel to Intel are funneling pension benefits to retired executives at the expense of workers, using a practice that potentially violates tax rules and puts pension plans at risk, reports the Wall Street Journal . Hundreds of millions of dollars in long-term benefits pegged for executives are draining plans at the expense of the rank and file. More »

      Tags

      Intel  • IRS  • executive compensation  • pensions  • Internal Revenue Service  • retirement benefits

  • July 2008

    • Pensions, Benefits Have GM Stalled

      New York Times  |  Jul 10, 08 9:28 AM CDT

      Pensions, Benefits Have GM Stalled

      (Newser) - General Motors is suffering as oil prices surge and consumer spending wanes, Roger Lowenstein writes in the New York Times . But the biggest, and perhaps fatal, culprit of its recent troubles—with stock prices near a 50-year low—are the generous health care and pension benefits it agreed to lavish upon its workers more than 50 years ago. More »

      Tags

      auto industry  • General Motors  • United Auto Workers  • auto sales  • pensions

    • Where's Oil Money Going? Maybe to Your Pension

      Washington Post  |  Jul 7, 08 2:12 PM CDT

      Where's Oil Money Going? Maybe to Your Pension

      (Newser) - Wall Street brokers and energy speculators aren’t the only ones lining their pockets thanks to skyrocketing oil prices, the Washington Post reports. Many pension funds have pushed heavily into commodities, bringing big returns in a time of economic strife. “Our commodity investment has really helped,” said the executive director of the Fairfax County, Va., pension fund, which has seen a 61% return. More »

      Tags

      oil price  • commodities  • pensions  • pension funds  • speculators

  • June 2008

    • Many Retirees Will Have Less Than They Think

      Economist  |  Jun 16, 08 5:21 PM CDT

      Many Retirees Will Have Less Than They Think

      (Newser) - Many employees will enter retirement with a much smaller income than they expect, the Economist reports. By 2014, the amount of money saved in direct-contribution retirement plans—ie 401Ks—will outpace than the amount saved in old-fashioned direct-benefit plans. But workers set contributions to their DC schemes at lower levels than might have been set aside in DC schemes.  Add poor investment decisions, and many pensioners could end up with half the retirement income they would’ve drawn under DB. More »

      Tags

      hedge fund  • retirement  • investment  • income  • pensions  • employers  • pension funds

  • May 2008

    • French Go on Strike for a Day

      BBC  |  May 22, 08 9:01 AM CDT

      French Go on Strike for a Day

      (Newser) - France's five largest unions have launched a coordinated strike that has crippled bus, train, and airport links across the country. The BBC reports that postal services have been reduced and public radio stations are playing music instead of regular programming. The unions are protesting an effort by Nicolas Sarkozy's administration to make them work one extra year—41 instead of 40—before receiving a full pension. More »

      Tags

      France  • Nicolas Sarkozy  • strike  • pensions  • labor strike

  • February 2008

    • Upshaw Unfazed by NFL's Pension Tension

      ESPN  |  Feb 1, 08 4:45 PM CST

      Upshaw Unfazed by NFL's Pension Tension

      (Newser) - Robbing Peter to pay Paul is not the answer to the NFL's pension woes, at least not in Gene Upshaw's eyes. The NFL Players Association will not take from the pensions of current players to help former players, says the group's leader, who's at the center of a storm of controversy over the issue. "We have to solve it a different way and we will." More »

      Tags

      NFL  • pensions  • NFLPA  • Gene Upshaw  • Mike Ditka

  • September 2007

    • Sarkozy Braces for Union Battle

      Times (UK)  |  Sep 18, 07 4:02 AM CDT

      Sarkozy Braces for Union Battle

      (Newser) - French President Nicolas Sarkozy could face the first major obstacle of his four-month reign this week when he tries to slash the pensions of 500,000 workers who enjoy more generous retirement packages than other civil servants. Polls show Sarkozy's plan is supported by 65% of the public, but striking unions brought down Jacques Chirac's government in 1995 and could threaten do so again. More »

      Tags

      France  • Nicolas Sarkozy  • retirement  • unions  • Jacques Chirac  • pensions

  • July 2007
  • June 2007

    • Dutch Do Pensions Right

      Time  |  Jun 15, 07 2:00 PM CDT

      Dutch Do Pensions Right

      (Newser) - Governments around the world are stuck between tightfisted Anglo-American pension plans that pay only a fraction of one's past salary, and extravagant European-style social security that ends up welshing on the payments. But the Dutch have struck a balance that's working, reports Time , as sufficient amounts of money are saved up and invested skillfully. More »

      Tags

      US economy  • Europe  • money  • retirement  • Social Security  • Netherlands  • world economy  • pensions  • retirees  • profits

    • Pension Flub Could Doom Japanese PM

      Economist  |  Jun 14, 07 1:31 PM CDT

      Pension Flub Could Doom Japanese PM

      (Newser) - A pension scandal rocking Japan threatens to bring down the ruling party, and it could take PM Shinzo Abe with it. Sixty-four million pension payments—in a country of 130 million—have gone missing, and that's riling Japan's growing gray-haired population. The pensioners may pay Abe back with a vote for the opposition in next month's elections, reports the Economist . More »

      Tags

      Japan  • scandals  • Social Security  • Shinzo Abe  • pensions  • Liberal Democratic Party

  • April 2007

    • Senate Eyes Hedge Fund Tax Breaks

      New York Times  |  Apr 17, 07 1:27 PM CDT

      Senate Eyes Hedge Fund Tax Breaks

      (Newser) - The Senate has an eye on extraordinary tax breaks that have allowed hedge fund managers to sock away hundreds of millions of dollars tax free, using their funds like giant pension schemes, the Times reports. Managers who run offshore funds can re-invest earnings in their own funds, deferring taxes for 10 years or more. More »

      Tags

      Senate  • business  • money  • hedge fund  • taxes  • pensions

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