pension

PARIS—French President Emmanuel Macron said Monday that he heard people’s anger over raising the retirement age from 62 to 64, but insisted that it was needed to keep the pension system afloat as the population ages. In many cities, opponents to the pension law took to the streets to bang pots and pans during Macron’s […]

PARIS—Protests and strikes against unpopular pension reforms gripped France again Tuesday, with many thousands marching and the Eiffel Tower closed and police ramping up security amid government warnings that radical demonstrators intended “to destroy, to injure and to kill.” Concerns that violence could mar the large demonstrations prompted what Interior Minister Gérald Darmanin described as […]

PARIS—President Emmanuel Macron on Friday said he would press ahead with reforms, dodging a union leader’s call to suspend a new pension law amid some of France’s worst street violence in years. There were violent clashes across the country on Thursday evening on the fringes of otherwise peaceful protests that have for weeks gathered huge […]

President Joe Biden used his veto power on Monday to block a bipartisan action from Congress that would have prevented pension fund managers from investing retirees’ money according to environmental and social-justice criteria. “There is extensive evidence showing that environmental, social, and governance factors can have a material impact on markets, industries, and businesses,” Biden […]

PARIS—Angry protesters took to the streets in Paris and other cities for a second day on Friday, trying to pressure lawmakers to bring down French President Emmanuel Macron’s government and doom the unpopular retirement age increase he’s trying to impose without a vote in the National Assembly. A day after Prime Minister Elisabeth Borne invoked […]

PARIS—The French Senate on Saturday night adopted President Emmanuel Macron’s unpopular pension reform plan in the wake of a seventh day of demonstrations that were not as large as authorities had expected. One hundred and ninety-five members of the upper house of the French Parliament voted for the text, whose key measure is raising the […]

Hundreds of thousands in France protest against planned pension reform. Violence in the streets of Paris and Lyon ranged from fires in trash cans to demolished cars.  

French government saw another round of protests and strikes causing widespread disruption, but showed no sign of reversing its pension reforms. Unions called the industrial action a success and have warned of rolling strikes that could last for weeks.  

According to a recent report, California’s unfunded pension liabilities are estimated to be at $1.5 trillion—about $38,000 worth of debt for each Californian. A former official explains its impact.

There is a looming pension crisis. An expert explains how California’s unfunded pension liabilities work and its impact now. A family of children who were victims of child abuse at home, and allegedly by a govenment program, are suing. Several of the Turpin children have filed a lawsuit against their home county for allegedly transferring […]

According to a recent report by the American Legislative Exchange Council, California’s unfunded pension liabilities are estimated to be at $1.5 trillion—about $38,000 of debt for each Californian. What are unfunded pension liabilities, and why do we have so much of it? We guarantee that our government employees will receive a set income at the […]

President Joe Biden traveled to the bellweather state of Ohio to tout his economic plan, with a focus on pension funds.

The massive spending bills being debated in Congress are expected to increase the federal deficit by a great deal. Would it impact your retirement funds? Amazon is to start paying customers if they get injured by products they bought on the platform—even if it was from a third party seller. But the e-commerce giant says […]

J.C. Penney Co. Inc. said on Thursday it has agreed to transfer its pension obligations to annuities provider Athene Holding Ltd., ensuring that the U.S. department store chain’s retired employees will continue to get their benefits. J.C. Penney, which said in December that it would seek to exit bankruptcy protection sometime this year, will not […]

Major U.S. pension funds from teachers, truck drivers, and even subway workers are suing one of Germany’s biggest asset managers, Allianz. They claim it didn’t protect their investments during the pandemic.        

Ben Meng, the investment chief at the largest U.S. pension fund, CalPERS, is resigning. He didn’t give a reason for his resignation, he’s just been there for 18 months, but just a few days ago, he was accused of falsifying documents.

Former Minneapolis police officer Derek Chauvin, charged with second-degree murder in the death of George Floyd, could receive more than $1 million in pension benefits over several decades even after he is convicted, the Minnesota Public Employees Retirement Association said. The group told news outlets on Friday that Chauvin, who joined the police force in 2001, […]