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December 21, 2014
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Tag: Pension

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Posted on Sep 8, 2014 READ MORE



romana klee (CC BY-SA 2.0)

Work Until You’re Dead?

A sizable chunk of the adult population is going to punch a clock until they keel over in the office parking lot and get hauled off in the company dumpster. And those are the lucky ones, the so called baby boomers. By the time we get to the millennials it’ll be even worse because the economy will have been ravaged by 25 or 30 years of austerity leaving the proles to scrape by on hardtack and gruel.

Posted on Jan 2, 2014 READ MORE


Eat Your Cat Food, Mrs. Robinson

The new cost-of-living index proposed in Obama’s latest budget is really a means to push lower living standards on people who need Social Security, University of Missouri economist Michael Hudson says.

Posted on Apr 12, 2013 READ MORE



Flickr

OECD: Governments Must Raise Retirement Age

A new report issued by the Organization for Economic Co-operation and Development has advised governments to increase the retirement age in their countries. In the face of longer life expectancies, a higher retirement age is the only way to keep pension programs solvent, it says.

Posted on Jun 12, 2012 READ MORE



AP / Lefteris Pitarakis

2 Million Brits Walk Out Over Pension Cuts

As many as 2 million British public sector workers went on strike Wednesday to oppose the government’s plans to increase revenue by digging into their hard-earned pensions. Just over one-quarter of the civil service walked out, including members of Prime Minister David Cameron’s staff.

Posted on Nov 30, 2011 READ MORE



Penguin Group

Corporate America’s New Golden Goose

Last month, award-winning Wall Street Journal reporter Ellen E. Schultz published a book-length expose on how corporate employers, consultants and financial firms retooled retirement plans to increase profit and enrich executives at the expense of employees and retirees. (more)

Posted on Oct 2, 2011 READ MORE



Flickr / San Diego Shooter

The Push to Preserve the Postal Service

Facing a shortfall of a few billion dollars, the U.S. Postal Service is planning to drop 220,000 full-time jobs and close 3,700 post offices and 300 processing centers by 2015, while scaling back services and cutting retirement benefits. And that’s after laying off 110,000 employees since 2007. (more)

Posted on Sep 28, 2011 READ MORE



Flickr / Borya

Retirees and Wrong Assumptions

On Sunday, President Obama and members of the U.S. Congress agreed to cut at least $2.4 trillion from federal spending over the next 10 years, some of which will come from programs that benefit retired Americans. (more)

Posted on Aug 1, 2011 READ MORE



Flickr / Gilded:

Christie and N.J. Lawmakers Show No Mercy for Public Workers

Republicans and a handful of “Christie Democrats” joined forces in New Jersey’s legislature on Thursday to punch through a bill that will require public workers to pay way more for their health insurance and pensions, curb unions’ collective bargaining rights and rob them of other crucial benefits. (more)

Posted on Jun 24, 2011 READ MORE



Flickr / Tattooed JJ

The Trillion-Dollar Public Benefits Gap Widens

State governments are looking at a cumulative shortfall of at least $1.26 trillion needed to pay for pension and retirement health care services, The Pew Center on the States reported in a study published last week.

Posted on May 1, 2011 READ MORE



Niall Kennedy: Some rights reserved

Whose Side Is The New York Times On?

As if dealing with the many known enemies of government workers is not enough, state employees in New York now also have to contend with the old gray lady herself, The New York Times. (more)

Posted on Mar 14, 2011 READ MORE



Wikimedia Commons / ErgoSum88

First Wisconsin, Now Ohio

All that talk about Wisconsin being a potential test case for the rest of the country might be right, as now Ohio’s Senate is preparing for a vote this week that could end collective bargaining for public-sector workers in the name of—you guessed it—austerity.

Posted on Mar 1, 2011 READ MORE


Starving Wisconsin’s Unions

Let’s be clear: The high-stakes standoff in Wisconsin has nothing to do with balancing the state’s budget.

Posted on Feb 22, 2011 READ MORE



AP /J. David Ake

Former Car Czar Pays Steep Settlement Fine

President Obama’s erstwhile “car czar,” Steven Rattner, has paid a high price—$10 million, to be exact, not to mention his former position in the current administration—for his investment group’s involvement in a shady pension fund scheme.

Posted on Dec 30, 2010 READ MORE



AP / Francois Mori

The French Sure Know How to Strike

French President Nicolas Sarkozy and his camp are trying to keep their cool and push on with a vote on pension reform that would change France’s official retirement age, but the opposition isn’t backing down. In fact, labor unions have set aside ... (continued)

Posted on Oct 21, 2010 READ MORE



AP / Thibault Camus

French Protesters Hit the Streets

President Sarkozy, you’re on notice. On Tuesday, French protesters took to the streets en masse to send the message that they do not approve of their president’s move to change the country’s official retirement age.

Posted on Oct 12, 2010 READ MORE


Berkeley protest
Flickr/James Buck

Age Trumps Youth in UC Tuition Dispute

Student protesters may think they are simply battling a wasteful, callous government bureaucracy that is more concerned about bailing out Wall Street banks than supporting a frivolous thing like education. But really the fight is about something much more basic and widespread: It is a fight between the young and the old, between California’s baby boomer pensioners and everyone under 49.

Posted on Nov 24, 2009 READ MORE



Flickr / Samory Santos

Looking for a Middle Class

The challenge of our time is to re-create America as a middle-class nation. [This is Marie Cocco’s last column.]

Posted on Oct 15, 2009 READ MORE



candychang.com

Old Mai Dong Lao Had a Pension

It’s hard to keep up the communist rhetoric when you’ve got Gucci. Harder still with millions of farmers struggling to scratch out a living while China’s select few live the good life. Beijing is hip to the growing class tensions, however, and will start subsidizing a national pension for rural workers.

Posted on Aug 5, 2009 READ MORE


How Cubans Make It Work

Since the dissolution of the Soviet Union in 1991 removed much of the padding from Cuba’s economy, Cubans have found some creative ways to alleviate the financial hardships of life under the communist system.

Posted on Jan 4, 2007 READ MORE


Gladwell Debunks Conservative Pension Plan Myths

Conservative free-market gospel has it that government should butt out of the economy. To understand the devastation that philosophy has wrought in America?s private pension system, check out this Malcolm “Tipping Point” Gladwell article.

Posted on Sep 5, 2006 READ MORE


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