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13 posts tagged with Pension.
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"How important is eating?"

Detroit ruling on bankruptcy lifts pension protection. (NYT) U.S. Bankruptcy Judge Steven Rhodes ruled Tuesday morning that yes, Detroit is eligible for Chapter 9. The shocker for retirees — Rhodes also ruled that city pension benefits won’t receive heightened protection in bankruptcy and may be cut. (Detroit Free Press) Firefighters, along with police officers, don't qualify for Social Security, while other city workers do. (Detroit News) Previously. Previouslier. [more inside]
posted by sio42 on Dec 4, 2013 - 286 comments

The third act in the triple-fucking of ordinary people by Wall Street

Looting the Pension Funds: All across America, Wall Street is grabbing money meant for public workers. By Matt Taibbi. [more inside]
posted by homunculus on Sep 26, 2013 - 46 comments

Neither snow nor rain nor heat nor gloom of night stays these couriers..

The United States Postal Service will stop delivering mail on Saturdays starting in August. The move is expected to save $2 billion annually, which will no doubt help fix their imaginary pension problem. [more inside]
posted by entropicamericana on Feb 6, 2013 - 208 comments

Snakes on the [Great] Plains

The state of Illinois is facing a $95 billion (and rising) unfunded pension liability. Governor Pat Quinn, in a bold attempt to get Illinoisians excited about pension reform, has unveiled a new mascot: Squeezy the Pension Python [YouTube]
posted by obscurator on Nov 21, 2012 - 46 comments

Everybody Out!

The UK is experiencing some of its worst disruption to services in decades as more than 2 million public sector workers stage a nationwide strike, closing schools and bringing councils and hospitals to a virtual standstill. [more inside]
posted by Jakey on Nov 30, 2011 - 79 comments

Pension Fund Follies

Missouri's lack of conflict of interest rules for its teachers' pension funds creates predictable problems [more inside]
posted by reenum on Oct 2, 2009 - 25 comments

Juvenile pensioners

"I once proposed a solution somewhat tongue in cheek to the problem of pensions: turn retirement upside down ... people would be supported by society up to the age of 30. During that period they would study, travel, prepare for a profession, reproduce and give full-time care to their young ... After 30, they would work until they dropped dead or became incapacitated." Letter from physicist Cylon Gonçalves da Silva to The Economist in response to this original article on the problems of an ageing global population.
posted by rongorongo on Jul 28, 2009 - 32 comments

The man who knew too much

The man who knew too much. "He was the CIA's expert on Pakistan's nuclear secrets, but Rich Barlow was thrown out and disgraced when he blew the whistle on a US cover-up. Now he's to have his day in court."
posted by homunculus on Oct 13, 2007 - 21 comments

Where's my pension ?

UAL (United Airlines) dumps four pension plans[optional audio interview with Businessweek expert] ; bankruptcy court authorizes shifting of USD 5 billions (allegedly largest pension default in U.S. history) in pension obligations to the Pension Benefit Guaranty Corp. As a result the burden of private failure and incompetency will be shared by all taxpayers (whose taxes finance PBGC which is already operating on a 23 Billion deficit) and by beneficiaries of the pension plans who will see their pension severely cut : pilots from 100K to 30K pensions but also less privileged workers will be hit. For instance Mrs Tamuk, spokeswoman from Association of Flight Attendants said her pension will be reduced from $1,700 a month to $800 a month.
posted by elpapacito on May 11, 2005 - 94 comments

Your pension is not as safe as you think

How safe is your pension? (UK) 'Nine million people in this country, young and old, pay a slice of their wage into final salary occupational pension schemes. But Channel 4's economics correspondent Liam Halligan reveals that most people don't realise they have no legal right to that pension money whatsoever. And some people have lost the lot.'
Think Britain's social safety net is more secure than that of the US? Think again.
Related :- Pensions Theft, a campaigning website set up by pensions activists, some of whom lost their pensions when their company went bust.
posted by plep on Sep 15, 2004 - 6 comments

old age

yeah, I've done alot in my retirement. Habib a spritely young whip of a lad has been drawing his pension since 1938, remarkable.
posted by johnnyboy on May 22, 2003 - 12 comments

A 401(k) is not a Pension!

A 401(k) is not a Pension! In a pension plan, your employer invests some money and gives you some of it when you retire. In a 401(k), they, um, don't. Congress seems a little confused on this issue, however. It turns out that the 401k might be more boondoggle than boon to average people planning to retire before they die.
posted by ilsa on Apr 11, 2002 - 21 comments

One-man news org busts open local pension scam!

One-man news org busts open local pension scam! Bruce Murphy's Milwaukee World website uncovered a story about improprieties in the county pension fund on October 10th of last year while the traditional outlets dawdled until January of this year. Kind of neat to know that all the solo journalism isn't all Matt Drudge "advances" from old media. (via medianews)
posted by owillis on Jan 17, 2002 - 5 comments

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