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Pension Benefit
Pension A lifetime monthly income paid to a person who has retired. Pension Benefit Guaranty Corporation (PBGC) In the United States, the organization that insures benefits in defined benefit pension plans. Its purpose is to make sure that all participants in qualified defined benefit pension plans receive the vested benefits to which they are entitled, even if their pension fund goes bankrupt. Per Capita Beneficiary Designation
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- US: U.S. Moves to Seize Pension Fund in Dispute With Renco
- .. The federal government filed a lawsuit Friday to seize the pension plan of the bankrupt WCI Steel, saying that the plan was more than $100 million short of the amount it needed and that the ...
- Pension Fund Equity Act passes Congress
- .. by Dave Porter Senior Staff Reporter The Senate on April 8 cleared for the President the Pension Fund Equity Act of 2004, which will allow employers to lower the amount of their required ...
- US: G.M. to Freeze Pension Plan for Salaried Workers
- .. General Motors announced significant changes today to its retirement benefits covering 42,000 salaried workers in the United States. G.M., the nation's biggest auto company, said it ...
- US Airways CEO says airline making progress
- .. by Alan Fein Chief Executive Officer Bruce Lakefield said bankrupt US Airways is making progress in its transformation to a low-cost airline. If you would like to receive late breaking ...
- A Look at the Congressional Bill to Save Pensions
- .. By Paul Petillo (AXcess News) Portland, OR - Congress had a wonderful opportunity, once again, to do right by the voters who so naively put them in office and fix the pension ...
- Pensions and the Promises Broken
- .. By Paul Petillo (AXcess News) Portland, OR - Thirty years ago, an event occurred quietly in this nation. While few took notice, it changed the way this country's businesses ...
- US: AFL-CIO puts big CEO pensions under scope
- .. Amid growing concern over a wave of cutbacks in corporate pension plans for employees, the CEOs of top U.S. companies would receive "golden pensions" that range from $2 million to $6.5 ...
- Chao Touts President's Pension Reform Agenda
- .. By Staff (AXcess News) Washington - U.S. Secretary of Labor Elaine L. Chao told attendees at "DOL Speaks: The 2006 Employee Benefits Conference" in Washington, D.C. ...
- The Market for Executives
- .. Despite increased demand for high-caliber leadership in all segments of the technology community, it wasn't until fairly recently that we saw the migration of top information technology ...
- GM To Freeze Workers Pension Plan
- .. By Freddie Mooche (AXcess News) Washington - In its move to cuts costs, General Motors Corp. (NYSE: GM) said Tuesday it was freezing salaried workers pension plan while it changed ...
- Lanzarote Villas - What You Need to Know About Taxes and Pensions
- .. So you´ve purchased your Lanzarote villa in the sun and decided you want to live there. Is it just as simple as packing up your stuff, getting on a plane and moving in? The simple answer is yes! ...
- Being a British Pensioner in Spain
- .. Can I claim my pension in Spain? Yes. Whether you spend a few weeks there or live permanently in Spain, the Department for Work and pensions (DWP) will pay your pension. How do I go about it ...
- Pensions? What pensions? Legal battle with steel firm
- .. What pensions? Legal battle with steel firm Major legal battles have been taking place regarding private pension funds and the protections being offered to workers. A case brought ...
- SIPP Providers UK
- .. A SIPP is a type of Pension which provides you a tax efficient way in which you can invest funds to build a regular income and a tax free lump sum amount when you reach an age above 50. SIPP is ...
- Sierra Club Backs Steelworkers In Supporting Benefits For Retirees
- .. Washington, D.C. - The Sierra Club today joined the United Steelworkers of America (USWA) in calling on the Bush administration to guarantee pensions and health benefits for retired ...
- South Africa: Workers Launch $100bn Lawsuit
- .. A $100bn lawsuit seeking compensation for workers employed in South Africa during the apartheid era will be filed in London today against several pension fund managers, international banks, ...
- Hole at the Heart of the System
- .. Hole at the Heart of the System Letter by Hugh Lowe, September 2004 Following John P Johnston's excellent letter ...
- Savings Accounts - Retire In Style
- .. We all look forward to the day when we can give up work - but to ensure your retirement is comfortable you will need to prepare for it carefully. Putting a proportion of your earnings towards a ...
- Marconi pensions - Adrift in the markets
- .. pensions - Adrift in the markets In the first deal of its kind, a major pension scheme has been spun off from its parent company to make the business more attractive to ...
- Bush Defends Plans for Social Security
- .. by Voanews President Bush has defended his new proposal to cut some retirement benefits as part of his reform of the U.S. pension program, Social Security. If you would like to receive late ...
- Michigan Pension Fund Recovers $700,000 from Trustee
- .. By Staff (AXcess News) Lansing MI - A suit filed against the trustee of the Upper Peninsula Plumbers and Pipefitters Pension Fund in Lansing Michigan by the U.S. Department of ...
- Pensions measures' 1trillion shortfall
- .. measures' 1trillion shortfall Companies could be liable for a pension bill of 1trillion, leading to costs well over the government's original estimates of 300million a year in ...
- 1.5 Million may strike over pensions
- .. Million may strike over pensions Workers in nine different unions are to be balloted for strike action over Whitehall plans to alter the local government pensions scheme. Unison, AMICUS, ...
- Expatriates now more mobile
- .. Expatriates now more mobile As global competitiveness becomes more crucial to business success, the majority of multinational companies are maintaining or increasing their use of ...
- Pensions: The Life to Come
- .. Pensions: The Life to Come Feature Article by Robin Blackburn, January 2005 Our future welfare depends on creating a radically different pension system, argues Robin ...
- NHS Pensions Agency staff vote for strike action
- .. Pensions Agency staff vote for strike action Members of the Public and Commercial Services Union (PCS) working for the NHS Pensions Agency (NHSPA) in Fleetwood have voted overwhelmingly ...
- Pensions: One Hand in the Till
- .. Pensions: One Hand in the Till Feature Article by Solomon Hughes, September 2002 Pensions--once the bedrock of the welfare state--are under attack as never before. ...
- Pension Revolt: Opening the Second Front
- .. Pension Revolt: Opening the Second Front News Article, March 2005 The pension revolt gathers strength. Thousands of trade unionists took part in the TUC Day ...
- Move Over, Darling
- .. Move Over, Darling Column, April 2002 Is your pension at risk? Yes, minister. You would either need to have a very short memory or a tremendously blinkered ...
- PPP = Poxy Private Pension
- .. PPP = Poxy Private Pension Column by The Walrus, June 2004 How the World Bank and your boss are conspiring to wreck your retirement. Slumbering great hulk ...
- British Airways pilots prepare for strike
- .. Airways pilots prepare for strike Pilots at British Airways are preparing for a long strike over their pension scheme. The company will announce plans by the end of March to ...
- Unions back down, public sector workers split in pensions deal
- .. back down, public sector workers split in pensions deal The government has claimed a victory in the pensions crisis after they secured their target for total pensions savings up to ...
- In a Parallel Universe, Part 2
- .. By Paul Petillo (AXcess News) Portland, OR - In our first look at parallel universes, we examined the role of the Federal Reserve Board in fighting inflation and China's defense ...
- Retirement Tax Havens
- .. Financial planning is really life planning. Choosing a home, particularly a retirement home, involves many factors. With state and local taxes on the rise, retirees should look closely at tax ...
- SIPPS - Need to know more?
- .. Referred to as A-Day, April 6th 2006 will be an historical date for pensions in the UK and will mark the beginning of one of the most radical changes in pension legislation for decades. It is ...
- Civil Service: Strike Bowlers
- .. Civil Service: Strike Bowlers News Article by Dave Davies, November 2004 The battle for the future of the civil service has begun. Civil servants from the ...
- USA: What Do You Mean 'Us,' Boss?
- .. Not long ago, before the accounting scandals at Enron, WorldCom and other companies, workers often saw themselves as management's best buddies. Gone was the old, us-against-them mentality in ...
- ILWU Hails Landmark Agreement
- .. The ILWU announced today that it has reached a landmark agreement with the Pacific Maritime Association (PMA) that will benefit workers, the shipping industry, consumers ...
- Russia: Pensions Anger Marks Political Shift
- .. Russia: Pensions Anger Marks Political Shift News Article by Dave Crouch, February 2005 Mass protests by pensioners in Russia have forced major concessions from the ...
- Round One to Us
- .. Round One to Us Editorial, April 2005 The right wing media and the three main political parties constantly tell us that the trade union movement is an anachronism - ...
- GAO Chief Puts Agency In The Limelight
- .. While some here question the motives of congressional committees investigating the Enron Corp. collapse, it is harder to attack the man who has decided to sue the Bush administration to get ...
- BNP councillor on fraud charge
- .. councillor on fraud charge CALDERDALE'S leading BNP councillor is due to appear in court to face five charges of benefit fraud. Richard Mulhall, of Mozley Drive, Illingworth, ...
- Northwest pilots ratify agreement
- .. Northwest pilots ratify agreement Northwest Airlines has announced that its pilots, represented by the Air Line Pilots Association International, have agreed to a new contract with the ...
- US: Pensions from Leading Defense Contractors Impede Confirmation of Pentagon Official
- .. Senate Armed Services Chairman John Warner and Defense Secretary Donald Rumsfeld met behind closed doors this week to try to resolve financial conflict-of-interest concerns ...
- Savaged to the Bone
- .. Savaged to the Bone Letter by Hugh Lowe, May 2002 Regarding the Walrus article on pensions 'Move Over Darling' (April SR), I think the article is too detached from the ...
- The 401(k) dilemma. How managers can attract more employees to join.
- .. By Tony Kent and Cathy Howley. __________________________________________________ Does the future look bleak for American workers? A recent research statistic revealed that one quarter ...
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- .. www.RemoveDebt.org Priority debts Mortgage or rent arrears If you are in arrears with your mortgage or rent, you should contact your lender or your landlord immediately. Explain why you are ...
- US: Verizon Bias Suit Deal Sets Record
- .. Verizon Communications Inc. will pay almost $49 million to 12,326 current and former female employees as part of a landmark class-action lawsuit alleging pregnancy discrimination. The ...
- Unions to 'step up' pension fight
- .. to 'step up' pension fight Trades unions will need to "step up" their defence of pension schemes in the coming year, the TUC leader has said. Brendan Barber said in his ...
- Pensions relapse - companies close final salary schemes
- .. relapse - companies close final salary schemes Two FTSE 100 companies have followed the example of Rentokil in closing their final salary pension schemes, with another likely to ...
- New UK Pension Plans to be Unveiled
- .. After 3 years of research and discussions, Lord Turner is due to officially announce his proposals for reform to UK pension law. We've already ...
- Reform aimed at personal finance and UK savings
- .. The Pensions Policy Institute (PPI) has issued a report which supports the Pension Commission's recent demand for reform in the structure of the basic state pension. In fact the report goes ...
- A fraught old age - the Turner Report and pension worries
- .. fraught old age - the Turner Report and pension worries The preliminary findings of the Turner report - a commission on pensions expected to be highly influential on future government ...
- Occupational Hazard
- .. Occupational Hazard Letter by Hugh Lowe, February 2003 The article 'From final salary to final straw' (January SR) needs some additions, mainly because it does not ...
- Jobcentre staff begin 48 hour strike
- .. staff begin 48 hour strike Thousands of Jobcentre staff across the country began a 48 hour strike today, over job cuts by the Department of Work and Pensions. There have been approximately ...
- Signs Enron Bet On Price Increase Before California Power Shortage
- .. In the middle of 2000, on the eve of the California energy crisis, Enron was making increasingly large bets that electricity prices in the state would increase, according to Enron records cited ...
- Bosses' hypocrisy on public sector pensions
- .. hypocrisy on public sector pensions As 1.5 million workers gear up to strike over pensions, Iain MacKay reports on the hypocrisy of blaming public workers for company ...
- Pensions: From Final Salary to the Final Straw
- .. Pensions: From Final Salary to the Final Straw News Article by Andrew Stone, January 2003 When is a fraud not a fraud? This is a question that millions of people will ...
- CEOs Profit From Layoffs, Pension Shortfalls and Tax Dodges
- .. PRESS RELEASE FROM UNITED FOR A FAIR ECONOMY & INSTITUTE FOR POLICY STUDIES Embargoed until 12:01 am, Tues. August 26, 2003 Contact: Betsy ...
- Retirement Savings Calculator -- Why It\'s Important
- .. Why do I need to save for my retirement? After all, aren't the government and my company going to provide for my retirement income? And, not only that, but I'll be making so much more money in the ...
Living Adjustment (COLA) An increase in a pension benefit, disability income benefit or life income benefit to compensate for an increase in the cost of living.
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Handing over your underfunded pension plan to a financial institution may cripple the plan's tax benefit.
He goes on to say that "It is vital that consumers are given the tools to make informed decisions about financial services, particularly as we move towards the proposed new pensions system." The proposed pension system was highlighted in the pension bill that was released in November. The Dept. term pension reforms and intends to make the state pension a stable platform for private saving.
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