Hints and tips:
Related Special Reports
...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...The union already represents workers at a nearby ZF Chassis Systems plant that supplies the factory. Those workers walked off the job in September in hopes of improving wages and healthcare benefits....
...One day after April Fools’, the $495bn California Public Employees’ Retirement System has announced that another sucker has decided to subject themselves to what might be the worst job in the entire global...
...of return are not the same as distributions)....
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...More than 70 per cent of the plant’s 4,300 employees signed union authorisation cards before the union filed an election petition last month, the UAW said....
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...Fears about the US retirement system have been swirling for years, as the working-age share of the US population falls and more retirees live into their 80s....
...at the University of Alabama....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...The Alabama workers say they need higher wages and better health care benefits similar to the employees of the Big Three, though their contract negotiations are separate....
...And while travelling in retirement remains popular, “there seems to be an increase in the number of young people who take a gap from work to travel or take advantage of working remotely.”...
...The BlackRock chief also warned that the rise of defined contribution pension plans had combined with the growing strain on the social security government retirement programme to leave the US particularly...
...The California Public Employees’ Retirement System has named a new chief investment officer to replace the former CIO, who in 2023 left the job after less than two years....
...Now the BoE plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, as concerns mount about the risk posed by offshore arrangements to UK retirement savers...
...The Texas Retirement System incorporated leverage within its individual asset allocations in 2019 to improve the “risk return profile” of the fund....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Steven Meier, chief investment officer of the $264bn New York City Employees Retirement Systems, said his fund was expanding into private credit when “everyone else has pulled back”....
...Ailman’s comments come as he prepares to “pass the baton” to a successor from June after announcing his retirement last month....
...On the plus side for employees, each participant gets a personal account and can opt for a lump sum at retirement instead of a regular payment....
...At the time, this was greater than the official estimate of the entire private sector pension system’s asset base. It was greater even than the stock of outstanding public debt....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...She said that “focusing the pension system on value rather than cost alone will be hugely beneficial for savers.”...
...Under this system, money built up in a previous pension would be automatically transferred to the pension arrangement at the new workplace unless the worker opted out....
International Edition