New ‘final salary’ pensions proposed by Mexico’s president to be capped
By Ana Isabel Martinez MEXICO CITY (Reuters) – A reform proposed by Mexican President Andres Manuel Lopez Obrador for retirees to have a pension equal to their final salary will come with…
The UAW’s ‘record contract’ hinges on pensions, battery plants
By Joseph White DETROIT (Reuters) – After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that…
O’Scanlon to Reintroduce Bill Revoking Public Pensions for Corrupt Officials
Sen. Declan O'Scanlon announced that he is reintroducing legislation from 2008 that would revoke public pensions for government officials and employees who are convicted of any crime while in office. Sen. Edward…
Legislator Wants New Jersey’s Convicted Corrupt Officials to Lose Pensions
TRENTON, NJ – Senator Declan O’Scanlon announced today the reintroduction of a bill aimed at revoking the pensions of government officials convicted of crimes while in office. Senator Edward Durr will join…
Analysis-A year after budget crisis, UK debt faces fresh pensions headwind
By Yoruk Bahceli and Carolyn Cohn LONDON (Reuters) – Britain’s pensions industry, Europe’s biggest, is posing a new challenge to the country’s 2 trillion pound ($2.5 trillion) government bond market a year…
Philippines risks investment grade rating if it can’t reform military pensions – finance chief
MANILA (Reuters) – The Philippines risks losing its investment grade rating if it fails to reform an “unsustainable” military and uniformed personnel (MUP) pension system because it will constrain its ability to…
Britain’s 50-billion pound pensions gamble could put savers in fresh peril
By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Britain’s financial services industry has broadly cheered fresh government proposals to jumpstart the economy by channelling 50 billion pounds ($64.5 billion) of pension…
HSBC blocking of Hong Konger pensions matter of ‘deep concern’, say US, UK lawmakers
LONDON (Reuters) – Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access…
Exclusive-Glencore’s bid for Teck spurs call for Canada pensions to up domestic equity stake
By Divya Rajagopal TORONTO (Reuters) – Glencore’s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation’s biggest pension funds to…
Global pensions with $3 trln on books fear stagflation -survey
LONDON (Reuters) – Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a combination of economic slowdown and higher inflation in the next 12-24 months,…
Romanian govt to hike pensions by 12.5% from January -ruling coalition
BUCHAREST (Reuters) – Romania’s ruling coalition will hike state pensions by 12.5% from January and make cash payments to low-income pensioners throughout the year to help the country’s most vulnerable cope with…
Analysis-Italy’s Meloni needs urgent fix for ballooning pensions bill
By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and looks increasingly…
Iceland tops global pensions league, Britain slips -survey
LONDON (Reuters) – Iceland offers the best pension provisions, followed by the Netherlands and Denmark while Britain slipped a spot to 10th place in the world ranking, an annual survey showed on…
Greek PM says pensions to rise for first time in more than a decade
ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis said on Saturday the minimum wage would rise again next year and pensions would be increased for the first time since the financial crisis…
Departing Hong Kong residents took $269 million from pensions in Q2
HONG KONG (Reuters) – Residents leaving Hong Kong for good withdrew a total of HK$2.114 billion ($269.31 million) from their pension accounts in the second quarter of 2022, up 0.9% from a…
SHEFFIELD: Biden Paints Himself As Savior Of Pensions While 401ks Tank And Retirees Feel Heat From Inflation
SHEFFIELD: Biden Paints Himself As Savior Of Pensions While 401ks Tank And Retirees Feel Heat From Inflation Carrie Sheffield on July 6, 2022 President Joe Biden visited an ironworkers union in Ohio…
Putin signs law allowing government to quickly raise pensions – RIA
– Russian President Vladimir Putin has signed a law allowing his government to quickly raise pensions, part of a set of anti-crisis measures after Russia was hit by a wave of economic…
Swiss labour unions launch demand for SNB cash to bail out pensions
ZURICH -The Swiss Trade Union Federation (SGB) decided on Friday to launch a campaign for a referendum on tapping into the Swiss National Bank’s cash pile to help shore up the national…
New York To Divest Pensions From Fossil Fuel Companies
The State of New York announced that its retirement fund would divest $238 million from companies that are “not prepared for net zero transition.” The state will divest from 21 oil and…
Breaking News
