Hints and tips:
...O’Brien touted a $300mn strike and defence fund that would allow the union to replace striking members’ pay cheques and healthcare benefits....
...Companies are struggling with labour shortages and some local residents are fearful of what changes the investments will bring....
...In the UK, however, there are more than 5,000 defined benefit pension funds....
...outpatient insurance fund....
...In the March Budget, the Treasury flagged further reorganisation of local government pension assets....
...depends on market returns — than at the defined-benefit market....
...pension liabilities, where schemes commit to pay retirees a fixed amount based on their salary and length of service....
...The largest of the troubled multiemployer plans, the Teamsters union Central States Pension Fund, covers nearly 400,000 workers and retirees....
...“Structural reforms” to the economy have little local support, and Congress long ago lost interest in Puerto Rico....
...Retirees who came here to spend their golden years in the sun and salt breeze were wilting. They’d gone days without electricity and clean water....
...Striking a balance Pay rises and other benefits are on offer to attract and keep hospitality workers....
...Opec’s second-largest producer borrowed billions of dollars, mostly from local banks, to bridge the shortfall. But public anger boiled over....
...The taxes are used to fund local services, such as schools and public safety, which are frequently funded from central government revenues in other developed countries....
...The problem is compounded because many states have banned benefit cuts for existing retirees....
...Covid-19 has upended the global corporate sector, and these investors fear that the gaze of local politicians is slowly turning to vast pools of assets intended for the benefit of future retirees, or generations...
...The Brazilian bonds have “speculative grades but local brokerages and banks continue to sell these risky assets without properly assessing their risk levels”, said Bruce Lee, a former hedge fund manager....
...Across the US, pension funds are increasingly having to grapple with longer life expectancies, fewer active workers to retirees, and soaring benefit liabilities variously estimated into the trillions of...
...Angeles, Chicago and Ohio, the Teamsters union and United Auto Workers retirees....
...At least they may be contributing to their own generation’s pension prospects rather than those of current retirees....
...Buttressed by massive Chinese loans — some of which, it is alleged, helped settle the debts of the scandal-riddled 1MDB state fund — and fears that local labour is being excluded from building projects,...
...There will be a lot more takings of capital by what had seemed to be reliable and sympathetic governments for their own benefit or for the benefit of their friends and subjects....
...The amenities for both types of L&G retirement home will also be open to local communities, in a bid to avoid “ghetto-isation”....
...jobs and higher pension and other social benefit payments....
...In May, US fund manager Brent Borland, who was involved in projects in Placencia on the mainland, was arrested and charged with using $6m of investor funds to pay off his mortgage and buy luxury cars....
...At Bridport Community Hospital in Dorset, one of Britain’s most picturesque counties and a haven for retirees, Isabel Hunt is recuperating after a fall at home....
International Edition