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Many workers long for the sense of security that only an old-fashioned pension can provide. The big insurers are well aware of this, and that's why many of them are offering new ways for investors to buy and build a pension on their own.
Tucson is in the midst of fighting a pension battle against Tucson Police and Fire. It won a court ruling this afternoon which allows it to move forward with a new city policy which may make future pensions smaller for public safety officers
Stockton filed a revised debt-cutting plan last week that could lead to a deal with a holdout creditor, Franklin bonds, possibly enabling the city to emerge from bankruptcy without cutting pensions.
Chicago's bonds are trailing the municipal market, a sign that investors are leery about the city's finances as Illinois Governor Pat Quinn decides today whether to sign a bill fixing the metropolis's pensions.
The Michigan Senate on Tuesday agreed to Gov. Rick Snyder's call for spending millions in state funds to spare the pensions of Detroit retirees from deeper cuts and to avoid the sale of artworks from the city's museum, part of a larger bargain aimed at bringing a swift close to the nation's largest municipal bankruptcy.
Teachers, police and firefighters in New Jersey have gone to court in an attempt to block Governor Chris Christie's plan to slash the state's contributions to its public retirement system.
Prime Minister Tony Abbott will meet representatives from one of Canada's largest pension funds as he uses his whistle-stop tour of Ottawa to drum up investor interest in Australian infrastructure.
(Maryland) The recent article on the improved finances of, but poor outlook for, traditional pensions ("Company pension plans shape up, ship out," June 1) was good but did not delve far enough into solutions.
(Florida) Pension reform is a big issue that calls for tough decisions and hard choices. Those who haven't studied the issue will promote simple solutions that cannot work.
