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Letter carrier union leader urges Congress to take on USPS retiree funds
News | www.dmnews.com | 6 hours 8 minutes ago
The president of the National Association of Letter Carriers has urged Congress to take up a long-term fix for the US Postal Service's retiree funding issues. The agency had been charged with spending $5.4 billion on payments to the fund this year.
Japan Air Falls Most in Five Weeks After Mitsui Sells Stake - Bloomberg
News | www.bloomberg.com | 16 hours 19 minutes ago
[bn:WBTKR=9205:JP] Japan Airlines Corp. [], seeking its fourth state bailout since 2001, fell the most in five weeks after Mitsui & Co. said it sold its stake in the carrier.
http://www.bloomberg.com/apps/news?pid=20601101&sid=aM_PTcA57KtQ
REFILE-UPDATE 1-JAL slides to record low on bankruptcy jitters - Reuters
News | www.reuters.com | 16 hours 33 minutes ago
* Stock falls as much as 9.5 pct to record low of 86 yen * Follows pension cut requests, news Mitsui sold shares * Slide reflects worries JAL could go bankrupt-analyst (Refiles to fix typo in headline)
http://www.reuters.com/article/bankruptcyNews/idUSSP48032920091124
A Teriffic Plan For Retirement
Press Release | www.prlog.org | Nov 23, 2009
A Teriffic Plan For Retirement. If you have significant money saved for your retirement, one could invest that amount, from which one might get right, relevant and sufficient returns.
http://www.prlog.org/10424287-teriffic-plan-for-retirement.html
JAL exec proposes 50% employee pension cut: report
News | www.marketwatch.com | Nov 23, 2009
TOKYO (MarketWatch) -- Japan Airlines Corp. may propose cuts to pension benefits in the latest move by the ailing carrier to raise capital. The airline's President Haruka Nishimatsu said Monday that he has proposed a 30% cut in pension benefits for retirees and a more-than-50% reduction for current
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Pension funds hit by asset volatility
News | www.ft.com | Nov 22, 2009
Pension trustees are scrambling to meet unprecedented volatility in their assets and liabilities as market changes challenge the governance structure of many schemes, a survey due to be released on Monday by Hewitt Associates will say.
Dutch workers protest pending retirement age rise
News | uk.news.yahoo.com | Nov 21, 2009
Thousands of workers protested in four Dutch cities on Saturday against a government decision to increase the state retirement age from 65 to 67 by 2025.
http://uk.news.yahoo.com/18/20091121/tpl-dutch-workers-protest-pending-retire-9eb7866.html
Fewer workers quitting pension schemes
News | business.scotsman.com | Nov 21, 2009
Fewer workers quitting pension schemes - THE number of workers leaving pension schemes has fallen to the lowest level for a year.
http://business.scotsman.com/6983/Fewer-workers-quitting-pension-schemes.5845263.jp
Ohio AG sues credit agencies for public pensions (AP)
News | news.yahoo.com | Nov 20, 2009
The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.
http://news.yahoo.com/s/ap/us_attorney_general_ratings_agencies
State suing credit raters over retirement fund losses - Bizjournals.com
News | columbus.bizjournals.com | Nov 20, 2009
Attorney General Richard Cordray said his office has filed suit in U.S. District Court in Columbus against Fitch Ratings, Moody’s and Standard & Poor’s.
http://columbus.bizjournals.com/columbus/stories/2009/11/16/daily41.html
