Pension

The German Government said it would secure pensions to ease the long-term burden on the federal budget by investing in the capital markets. This is an idea that was controversial inside and outside the government A capital stock of at least 200 billion euros (217 billion dollars) is to be created by the mid-2030s, dpa learnt from government circles on Monday. An average of 10 billion euros is then to be paid out of the income each year as a subsidy to the statutory pension insurance scheme. The plan is a…

A widower who won $60,000 AUS ($40,890 USD) in the lotto had his pension cut off as the winnings were considered income, highlighting the dark side of winning a fortune.Frank Kemmler, a 70-year-old man from Adelaide, Australia, informed his family that they were all going on an exciting holiday after news came that he had just scored the lottery luck, earning thousands of Australian dollars.“It was certainly a nice feeling when I checked me numbers,” he told A Current Affair on Friday (December 29). The widower added:…

Smart, a London-based startup that helps employers and their employees manage and monitor their pensions, said that it has closed $95 million in Series E funding. It plans to use the capital to expand its international footprint and make acquisitions, it said. Aquiline Capital Partners, a new backer, led the investment, with previous investors Barclays, Chrysalis Investments, Fidelity International Strategic Ventures, DWS, and Natixis Investment Managers also participating. The valuation is not being disclosed but…

Good morning, and welcome to the Essential California newsletter. It’s Friday, May 12. I’m Melody Gutierrez, an investigative reporter for the Los Angeles Times. There’s a file folder that has followed me for two decades. It’s where I stuff reports or notes for potential stories so they don’t take up real estate in my head. I don’t remember exactly when I printed out findings from a 2005 state audit of the California Professional Boxers’ Pension Fund, but it found its way into that folder and tagged along with me through…

Credit: Pixabay/CC0 Public Domain Pension clawback has been poorly understood and is the cause of significant financial implications and distress, particularly for women, a new report warns. Experts have said the appropriateness of the practice should be reviewed and better guidance should be available. Many retired workers who had…

Just over two years ago, Donald Trump sent a letter to the leadership of SAG-AFTRA, which was weighing whether to expel him from their union in the wake of the Jan. 6 Capitol riots. After an exclamation-point-laden letter in which he touted his appearances in Zoolander and The Fresh Prince of Bel Air, he submitted his “immediate resignation” from the guild. “I no longer wish to be associated with your union,” he added. Trump may have resigned from SAG-AFTRA, but he is still very much taking…

The National Pension Commission (PenCom) has distances itself from the activities of the Association of Pension Desk Practitioners of Nigeria, ASSOPEP. According to a press statement by the commission, PenCom said that it has no affiliation with the group. The statement noted that ASSOPEP claims to resolve pension issues and assist retirees in securing their retirement benefits. But PenCom warned that the claim is false and that the commission has no affiliation with the group. “The attention of the National…

Talks between trade union leaders and French Prime Minister Elisabeth Borne quickly broke up Wednesday with no breakthrough, setting the stage for protesters' return to the streets. The newly elected general secretary of the CGT union, Sophie Binet, describes Macron's government as completely disconnected from…

French Prime Minister Elisabeth Borne is adamant about the necessity of the planned reform despite continuing protests across the country. The government argues that reform is needed to make the French pension system financially sustainable in the coming years as France's population ages.…

Despite mounting pressure from Canadians who want their money to stop supporting oil and gas, the majority of the country's largest pension fund managers continue to invest in that sector — and are led by individuals with close ties to fossil fuel companies.CBC News reviewed publicly available bios and resumes of leaders overseeing Canada's 10 largest pension fund managers and found that eight organizations have at least one high-ranking member, either a board member or an executive, who is actively directing a company in…