Pensions
Cuts Proposed to Fed Retirement Intend to ‘Align with Private Sector’
Trump administration’s FY 2021 budget proposal includes mitigations to benefits paid out to beneficiaries, higher contributions.
Tag: benefits
Risk
Ohio’s State Pension Slashes Healthcare Benefits amid Insolvency Concerns Threat
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Pensions
Musicians’ Pension Fund Applies for Benefits Cut
Proposed reductions would affect nearly half of plan’s 51,000 participants.
Risk
Ohio Retirement System Eyes Reduced Benefits for New Workers
Proposed retrenchment would apply to workers hired in 2022 and beyond.
Newsmakers
Philippines Social Security Net Revenues Plunge
Sharp drop due to 43% rise in Q1 disbursements, and additional benefit for retirees.
Pension Funds Seek Benefits Suspension Approval
Five funds apply to the Treasury Dept. to have benefits reduced for their members.