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Pension News

Swiss vote against plan to save pensions

Geneva - Swiss voters rejected on Sunday a divisive pension reform plan that the government proposed to address the needs of an ageing population.The final results showed 52.

Swiss vote on plan to save pensions

Geneva - Switzerland votes Sunday on a divisive pension reform plan the government says is vital to safeguard benefits but which critics deride as too modest to rescue a retirement system in financial peril.

Greek families left struggling after successive cuts

Atenas - In the living room of his small Athens flat, 40-year-old Dimitris Voutsinos scours the web for job ads -- one of thousands struggling to cope as Greece's economic crisis endures.

Polish lawmakers adopt lower retirement age

Varsovia - Polish lawmakers on Wednesday voted to reinstate a lower retirement age of 65 for men and 60 for women starting in 2018, despite questions over its effect on public finances.

Fiery protests against Chile's private pension funds

Santiago - Chilean police used tear gas and water cannon to break up a protest Friday against the country's privatized pension system, which opponents say is leaving many retirees in poverty.

Turkey hits out at Gulen... by cutting pension

Istanbul - Turkey has promised to take the toughest action against the US-based cleric whom President Recep Tayyip Erdogan blames for last week's failed coup.

India announces major pensions overhaul for army veterans

New Delhi - Three million Indian army veterans won a decades-long battle Saturday to change the way their pensions are calculated, as the government bent to protesters' demands and announced it would overhaul the controversial scheme.

Eyeing election, Spain's retirees battle foreign pension tax

Madrid - Eyeing a year-end general election, Spanish retirees who worked abroad have stepped up their protests against the cash-strapped government's bid to collect back taxes on their foreign pensions.

Norway wants to turn its huge oil fund greener

Oslo - Oil-rich Norway moved Friday to target its huge sovereign wealth fund's investments more closely at boosting green businesses, but environmentalists said the proposals were not strong enough.

Thousands protest Armenia's new pension plan

Yerevan - Some 6,000 opposition activists protested in Yerevan on Saturday against a controversial new obligatory pension scheme.

Italian man hides father's body in the wall to collect pension

Subiaco - A gruesome discovery was made recently in an isolated house in Subiaco, Italy. A man's elderly father had died in August 2011 and he hid the body in a sealed room in his house in order to continue collecting his father's pension.

Op-Ed: Walmart CEO pension 6,200 times more than non-executive worker

Although the ratio of Walmart's Chief Executive Officer to worker pay is high, there is an even greater gap between the retirement package of CEO Mike Duke and the average value of the pension of a non-executive Walmart worker.

U.K. initiating house building scheme for the elderly

The U.K. government is supporting new plans to create additional housing to help older and disabled people to maintain their independence for longer.

Soldier laid off 3 days before qualifying for army pension

Sergeant Lee Nolan, an Iraq war veteran, was just 72 hours away from qualifying for a full Army pension before he was made redundant.

Jamey Carroll ends three-year home run drought

From August 9, 2009 to Sept. 2, 2012, Jamey Carroll hit as many home runs as the majority of the North American population - zero.

Canadian Taxpayer Fed. launches campaign against MP pensions

Ottawa - The Canadian Taxpayer Federation (CTF) launched a new campaign attacking the pensions of Canadian Members of Parliament, who are eligible for the pension plan after only six years in office at a rate of approximately $5,930 per month.

Woman charged with impersonating dead mother to collect pension

Ferndale - A Washington state woman has been accused of impersonating her mother, who died in 2007, in order to collect her pension benefits.

Putting the 'dem' in pandemic: Anti-union budget battles spread

The fleeing method used by Wisconsin democratic lawmakers to prevent quorum has now been imitated by Indiana. As many state require drastic budget changes, similar techniques by the opposition threaten to become a trend.

Nortel pensioners protest at Ontario's Queen's Park

Nortel pensioners were at Queen's Park this afternoon protesting the Ontario's government plan to wind up their pension fund and convert it into individual annuities with various financial institutions.

France preparing pension reform

French pension system is in troubles. The overall population gets older and there are less workers but more and more retired people.

Op-Ed: Court rules former CEO must live on pension of $25,637 a month

Former Hydro One CEO, Eleanor Clitheroe, lost her bid to have her pension from the Province of Ontario increased. Instead of the $33,644 she wanted, she will have to make do with a pension of $25,637 a month when she retires.

Op-Ed: Canadian Auto Workers rally at Queen's Park over pension concerns

CAW members gathered at Queen's Park yesterday to publicize their demands that the government guarantee members' pensions.

Sacked banker to get £650,000-a-year pension

Disgraced former boss of Royal Bank of Scotland (RBS), Sir Fred Goodwin has refused to give up a £650,000 a year pension despite widespread outrage.

Hero Pilot Sullenberger Pay Was Cut 40 Percent, No Pension

Chesley Sullenberger, the hero pilot who rescued Flight 1549 and saved all 155 people aboard, told a government committee that he suffered a 40 per cent pay cut to stay in the job and his pensions were terminated.

Op-Ed: The Biggest Economic Issue in 2009 - Public Sector Pensions

Bruised retirement portfolios, pensions funded by taxpayers, ballooning liability -- the pension crisis is borne from the global downturns. A Las Vegas proposal could bring a solution to the table.

Argentina's Lower House Approves Pension Takeover

Argentina's lower house has passed a controversial bill that will nationalise $26bn of pension funds. The bill passed by 160 to 75 votes.

New Brunswick Government Introduces Same Sex Pension Benefits Legislation

The province of New Brunswick has introduced legislation into the Legislature that will allow same sex couple to receive pension benefits from their spouse. The Pensions Benefits Act will be amended.

High Court rules in favor for benefits to Same Sex Couples

High Court Ruling A Partial Victory For Same-Sex Couples and to have the Federal Government grant pension benefits to same-sex widows
 

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Last November s strike by public service sector workers in the UK.
Last November's strike by public service sector workers in the UK.
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Emmanuel Huybrechts

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