Sep 21 Senate panel backs bill to protect miners’ retirement funds By Matthew Daly, Associated Press An election-year bill to protect health care and pension benefits for about 120,000 retired coal miners and their families is one step closer to a vote in the full Senate. Continue reading
Mar 21 When should I take my Social Security? By Laurence Kotlikoff A financial adviser tells a reader she should start taking her benefits at 65 or 66, but continue working until 70. Is the adviser right?… Continue reading
Feb 24 Christie proposes $33.8 billion budget for next fiscal year By Jill Colvin, Geoff Mulvihill, Associated Press New Jersey Gov. Chris Christie is proposing a new round of major pension and health benefit cuts for public employees in his budget address Tuesday, a day after a judge ordered his administration to restore $1.57 billion in delayed payments… Continue reading
Dec 04 Watch States and cities grapple with cuts to pensions that workers have already earned States and cities grapple with cuts to pensions that workers have already earned… Continue watching
Dec 03 Watch Pensioners will face negotiations as Detroit starts road to financial recovery Pensioners will face negotiations as Detroit starts road to financial recovery… Continue watching
Dec 03 Watch News Wrap: Illinois moves to cut pension benefits, raise retirement age News Wrap: Illinois moves to cut pension benefits, raise retirement age… Continue watching
Jun 19 Watch Pension Shortfalls Force States to Consider Cutting Benefits Pension Shortfalls Force States to Consider Cutting Benefits… Continue watching
Aug 18 Watch Major Investor CalPERS Rides out Big Waves in Markets With Calm Approach Thursday's market drop marked the fifth time in just two weeks that the Dow Jones industrial average rocketed up or down by several hundred points in one trading session. Spencer Michels reports on how the California Public Employees' Retirement System,… Continue watching
Jun 30 Troubled By Our Pension Post? Here’s Our Response By Paul Solman // Watch Paul Solman's report, 'Is Your Pension Safe? States Struggle With Pricey Challenges.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query:… Continue reading
Jun 22 Can Investment Assumptions Worsen the State Pension Fund Crisis? By Diane Lincoln Estes Well, no. Investment assumptions themselves don't worsen the crisis, but as we explain in our story on Rhode Island on Wednesday's broadcast, decisions about pension fund investment assumptions can mean higher taxes, lower pensions and bitter politics. Why?… Continue reading