pension

State pension age changed this week – this is when the next rise will occur



STATE pension age is continually being reviewed and altered by the government. The latest change occurred earlier this week.




pension

State Pension top up: Can you top up missed National Insurance contributions?



STATE PENSIONS are calculated by National Insurance contributions - but can you top up any missed years?




pension

Algeria approves 2-7% increase in retirement pensions




pension

Coronavirus Lockdown 3.0: Suspension of labour laws by fiat can only be an immediate-term response to the current crisis

There has been talk for some time now about easing labour laws, already seen in industry circles as being too rigid and acting as a drag on growth, specifically to facilitate emerging from the lockdown. And it’s not just a question of emerging from it, there’s also the issue of surviving what looks like being a brutal and prolonged global economic downturn. It was reported on Friday that ordinances were being issued in some states.





pension

Pensioner, 90, attempting to climb height of Suilven mountain on stairs raises £100,000 after being inspired by Captain Tom Moore

Read our coronavirus live updates HERE Coronavirus: The symptoms




pension

Highlands pensioner, 90, raises more than £200,000 with 'mountain climb' on her stairs

A 90-year-old woman has raised more than £200,000 by attempting to climb the height of a mountain on her stairs to garner funds for the NHS.




pension

Jack Reynolds dead: Record-breaking daredevil pensioner dies aged 108

Record-breaking daredevil pensioner Jack Reynolds has died aged 108, his family have said.




pension

Murder probe after pensioner found with head injuries in Tufnell Park

Detectives were today investigating the death of a pensioner found slumped with a head injury on a tree-lined street in north London.




pension

Man charged with murder of pensioner found with head injuries in Tufnell Park

A man has been charged with murdering a pensioner who was found with a head injury on Monday.




pension

First picture of pensioner who died with head injuries in north London home

This is the first picture of a pensioner who died after being found by police with head injuries at his north London home.




pension

Nine Chelsea Pensioners fall victim to coronavirus as hospital prepares to mark VE Day

The Royal Hospital Chelsea today revealed that nine of its residents had died from the coronavirus.





pension

Boris Johnson ally Conor Burns resigns as minister after suspension from Commons for attempting to intimidate member of public

One of Boris Johnson's closest allies quit as a minister today after being found to have breached the MPs' code of conduct by trying to "intimidate" a company chairman involved in a loan row with his father.




pension

Manchester City winger Leroy Sane was 'on the verge' of a comeback prior to the Premier League's suspension

Manchester City long-term absentee Leroy Sane has revealed he was "on the verge" of a comeback prior to football's shutdown due to the coronavirus pandemic.




pension

Rangers call for suspensions to SPFL chief executive Neil Doncaster after 'serious' vote concerns

Rangers have called for SPFL's chief executive Neil Doncaster and its legal adviser Rod McKenzie to be suspended "while an independent investigation is conducted' following their vote on how to end the season.




pension

Treasurer Josh Frydenberg to review Pensions Loan Scheme interest rate after 'gouging' allegations

The current 5.25 per cent interest rate for reverse mortgages under the Government's Pension Loans Scheme has not fallen despite three official cash rate cuts this year.




pension

Google workers protest suspensions of activist employees

Protests within Google over how the company handles employee activism continue to grow.




pension

Pensioner accused of decade-long fraud

A DISABILITY support pensioner accused of ripping off Centrelink for $90,000 by claiming her long-term boyfriend was a housemate has pleaded not guilty to fraud charges.




pension

NRL announces suspension of 2020 season due to coronavirus pandemic

The NRL announces the 2020 season will be suspended after two rounds after state border closures make continuing the competition impossible.




pension

Suspension and criminal charges for officer allegedly behind 'appalling' leaked photos of man in custody

Victoria Police suspends an officer over an "unlawful and criminal" privacy breach after images were released of former North Melbourne coach Dean Laidley in custody inside a police station.




pension

Assistant Attorney General Thomas E. Perez Testifies Before the Senate Committee on Health, Education, Labor, and Pensions on the ADA and Olmstead Enforcement

"For the Department of Justice, turning the promise of the Olmstead decision into a reality for individuals with disabilities across the nation has become a major component of ADA enforcement," said Assistant Attorney General Thomas E. Perez.




pension

Founder and Treasurer of Washington D.C. Labor Union Charged with Stealing Pension Funds for Personal Use, Violating a Court Order and Obstructing Investigation

The founder and treasurer of the National Association of Special Police and Security Officers (NASPSO) was charged today in a superseding indictment with mail fraud, theft from a labor organization, obstruction of justice, criminal contempt and various recordkeeping offenses related to his operation of a pension plan for NASPSO members.



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pension

U.S. Court Bars California Man from Selling or Administering Pension and Employee Welfare-Benefit Plans

A federal court in Los Angeles has permanently barred William Alexander of Pasadena, Calif., and his two companies, Retirement Plan Services Inc. and Lyons Pensions Inc., from selling or administering pension plans or employee welfare-benefit plans.



  • OPA Press Releases

pension

Assistant Attorney General Thomas E. Perez Testifies Before the U.S. Senate Committee on Health, Education, Labor and Pensions

"The Department’s Olmstead enforcement activities are dynamic and ongoing," said Assistant Attorney General Perez.




pension

Founder and President of Labor Union Convicted in Washington for Stealing from Union’s Treasury and Pension Fund, Related Crimes

The founder and president of the National Association of Special Police and Security Officers (NASPSO) – which represents private security guards assigned to protect federal buildings in the metropolitan Washington area – was convicted yesterday in Washington federal court, following a jury trial, of 18 counts related to his theft of union treasury and pension funds.



  • OPA Press Releases

pension

Founder and President of Labor Union Sentenced to 76 Months for Stealing from Union’s Treasury and Pension Fund

The founder and president of the National Association of Special Police and Security Officers (NASPSO) was sentenced to 76 months in prison today for stealing union treasury and pension funds.



  • OPA Press Releases

pension

Justice Department Files Lawsuit in Massachusetts Against Iron Workers Union Trustees and Pension Fund to Enforce the Employment Rights of Navy Reserve Member

The Civil Rights Division and U.S. Attorney Carmen M. Ortiz announced today the filing of a complaint alleging that the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers Local 7 (the union) and Iron Workers District Council of New England Pension Fund (the Pension Fund) willfully violated the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA) by failing to credit U.S. Navy Reserve Member Thomas Shea with service time while he was serving in the armed forces in Afghanistan.



  • OPA Press Releases

pension

Former Defense Contractor Sentenced to Prison for Theft of Employee Payroll Taxes and Pension Plan Contributions

William P. Danielczyk, theformer head of a Virginia-based defense contracting company, was sentenced today to serve 18 months in prison for failing to collect and pay more than $2.2 million in employee payroll taxes and engaging in theft of more than $186,000 from an employee pension plan.



  • OPA Press Releases



pension

How risk-sharing policies affect the costs and risks of public pension plans

Risk sharing is an important component of today's public pension system, as the state and local governments strive to balance growing pension costs and risks as well as the competitiveness of compensation to public employees. In traditional public sector defined benefit (DB) plans, the employer bears nearly all investment risk, longevity risk, and inflation risk…

       




pension

Teacher pension plans are getting riskier—and it could backfire on American schools

Teachers are taking more investment risks than ever before. At least, their pension plans are. Even though teachers themselves are less willing to take risks compared to other professionals, teacher pension plans are taking substantial risks on their behalf. That has implications for today’s teachers and retirees, not to mention the long-term health of the…

       




pension

Public pension reform in the U.S. presidential campaign

       




pension

Public pensions in flux: Can the federal government's experiences inform state responses?


In many policy-related situations, the states can be useful laboratories to determine the most appropriate federal actions. Variations across states in health care programs, earned income credit rules, minimum wages, and other policies have helped inform debates about federal interventions.

In this paper, we reverse that approach. Many state and local governments currently face difficulties financing future pension obligations for their workers. The federal government, however, faced similar circumstances in the 1980s and successfully implemented a substantial reform. We examine the situation the federal government faced and how it responded to the funding challenge. We present key aspects of the situation facing state governments currently and draw comparisons between them and the federal situation in the 1980s. Our overarching conclusion is that states experiencing distress today about the cost and funding of its pension plans could benefit from following an approach similar to the federal government’s resolution of its pension problems in the 1980s.

The federal government retained the existing Civil Service Retirement System (CSRS) for existing employees and created a new Federal Employees’ Retirement System (FERS) for new employees. FERS combined a less generous defined benefit plan than CSRS, mandatory enrollment in Social Security, and a new defined contribution plan with extensive employer matching. Although we do not wish to imply that a “one size fits all” solution applies to the very diverse situations that different states face, we nonetheless conclude that the elements of durable, effective, and just reforms for state pension plans will likely include the major elements of the federal reform listed above.

Section II discusses the federal experience with pension reform. Section III discusses the status and recent developments regarding state and local pensions. Section IV discusses the similarities in the two situations and how policy changes structured along the lines of the federal reform could help state and local governments and their employees.

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Image Source: © Max Whittaker / Reuters
      
 
 




pension

Social Security Smörgåsbord? Lessons from Sweden’s Individual Pension Accounts

President Bush has proposed adding optional personal accounts as one of the central elements of a major Social Security reform proposal. Although many details remain to be worked out, the proposal would allow individuals who choose to do so to divert part of the money they currently pay in Social Security taxes into individual investment…

       




pension

Keystone XL’s builder asks for suspension of pipeline application

A new twist in the plot for the controversial pipeline, as TransCanada asks for a suspension of its application.




pension

London assembly tells mayor: Divest £4.8B pension fund from fossil fuels

The motion is non-binding, but that doesn't mean it doesn't matter.




pension

'We need to start saving individual people,' not just stockholders, says pension fund CIO

The chief investment officer of one of the country's biggest public pension funds said the government response to the coronavirus should be focused on supporting unemployed workers.




pension

Franklin India Pension Plan-Growth

Category Solution Oriented Scheme - Retirement Fund
NAV 125.6732
Repurchase Price
Sale Price
Date 08-May-2020




pension

Franklin India Pension Plan-Dividend

Category Solution Oriented Scheme - Retirement Fund
NAV 15.5028
Repurchase Price
Sale Price
Date 08-May-2020




pension

Franklin India PENSION PLAN - Direct - Growth

Category Solution Oriented Scheme - Retirement Fund
NAV 132.3424
Repurchase Price
Sale Price
Date 08-May-2020




pension

Franklin India PENSION PLAN - Direct - Dividend

Category Solution Oriented Scheme - Retirement Fund
NAV 16.5444
Repurchase Price
Sale Price
Date 08-May-2020




pension

UTI - Retirement Benefit Pension Fund- Direct

Category Solution Oriented Scheme - Retirement Fund
NAV 24.4638
Repurchase Price
Sale Price
Date 08-May-2020




pension

UTI - Retirement Benefit Pension Fund - Regular Plan

Category Solution Oriented Scheme - Retirement Fund
NAV 23.4658
Repurchase Price
Sale Price
Date 08-May-2020




pension

Coronavirus outbreak: Suspension of Railway passenger services extended till May 3

Soon after the announcement of COVID-19 lockdown extension by Prime Minister Narendra Modi, the Indian Railways on Tuesday stated that it is suspending all passenger services till May 3. "Indian Railways extends suspension of its passenger services till May 3," informed Rajesh Dutt Bajpai Executive Director(I&P) Ministry of Railways.

"All passenger train services on Indian Railways including Premium trains, Mail/Express trains, Passenger trains, Suburban Trains, Kolkata Metro Rail, Konkan Railway etc shall continue to remain suspended till the 2400 hrs of 3rd May," he added.

However, freight movement will continue to carry essential commodities across the country. Informing about the cancellation of ticket booking, Bajpai stated that all booking counters of rail journey tickets for reserved/unreserved travel at railway stations and outside railway station premises will also be closed till May 3.

Earlier, the railways had also ordered the closure of all rail museums, heritage galleries and heritage parks as a preventive measure to control the spread of the deadly virus. So far, India has reported 10,363 COVID-19 cases. Out of the total, 1036 have been cured and 339 have died due to the infection.

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pension

Tax-News.com: Dutch Pension Tax Rules Under Fire From The EU Commission

The European Commission has asked the Netherlands to amend taxation rules that it says amount to obstacles to the cross-border transfer of pensions.




pension

Tax-News.com: First Tax-Deferred Pension Scheme Launched In China

China's Government announced recently that a local insurance company had issued the country's first tax-deferred pension insurance policy, saying it marked the beginning of tax-deferred pension plans in China.




pension

Tax-News.com: Malta Launches Tax Breaks For Pension Contributions

Malta's Minister for Finance, Edward Scicluna, recently announced the launch of a number of fiscal incentives, which are intended to boost the take-up of voluntary private pensions.




pension

India Comes In At 25 Among 27 Pension Systems Globally

India has been ranked at a lowly 25 among 27 pension systems globally while Denmark maintained the top position for the fifth year, says a survey.




pension

Pensions at a Glance 2019 - Key findings for Spain

Key findings for Spain from the report "Pensions at a Glance 2019"