The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation.
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Tag Archives: Pensions and Retirement Plans
A Graying China May Have to Put Off Retirement. Workers Aren’t Happy.
Most Chinese workers retire by 60. But with the population aging and pension funds running low, the government says that must change.
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Investing Made Simple for Beginners and Everyone Else
Managing your money for the long run can be easier than you might imagine.
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Supreme Court Looks for Narrow Path in Investors’ Suit Against Goldman Sachs
Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits.
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In a First, Uber Agrees to Classify British Drivers as ‘Workers’
The new legal classification, which follows a U.K. court ruling last month, will entitle the workers to more pay and benefits, but stops short of making them employees.
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In First, Uber Agrees to Classify British Drivers as ‘Workers’
The new legal classification, which follows a U.K. court ruling last month, will entitle the workers to more pay and benefits, but stops short of making them employees.
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Rescue Package Includes $86 Billion Bailout for Failing Pensions
Democrats pushed through a big aid measure for multiemployer pensions whose problems predate the pandemic.
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Eyeing Re-Election, Macron Walks a Tightrope Above Swirling Crises in France
The French president wants to change Europe, redefine his country and win re-election. But first he needs to overcome the biggest economic and social crisis since World War II.
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Too Much Choice Is Hurting America
Learning from subprime, health care and electricity.
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To Plug a Pension Gap, This City Rented Its Streets. To Itself.
Cities and states issued at least $6.1 billion in pension bonds last year. Novel ways to do so include renting property they already own under dummy corporations.
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The Auto I.R.A. Is Gaining Traction as a Retirement Savings Option
The automatic I.R.A., administered by state governments, will be more widely available.
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Female Workers Could Take Another Pandemic Hit: To Their Retirements
Unequal job losses now will translate into smaller nest eggs and Social Security benefits down the road.
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New York State’s Divestment Threat Is a Victory for Climate Activists
The comptroller’s threat to pull billions from fossil fuel investments is a big victory for climate activists.
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New York’s $226 Billion Pension Fund Is Dropping Fossil Fuel Stocks
The fund will divest from many fossil fuels in the next five years and sell its shares in other companies that contribute to global warming by 2040.
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In Their 20s and Saving for Retirement: How It Started, How It’s Going
Three savers learned some important lessons early on.
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Trump Bars Investment in Chinese Firms With Military Ties
The ban, which affects companies including Huawei, China Mobile and China Telecom, is the administration’s first major move toward decoupling American financial markets from China.
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For Owners Looking to Sell, an Option That Keeps Their Company Intact
A sale to employees keeps the company local, and that may be more important to some owners than getting the highest price.
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Marching Orders for the Next Investment Chief of CalPERS: More Private Equity
The nation’s biggest public pension fund is consistently short of the billions of dollars it needs to pay all retirees their pensions. It seeks higher returns.
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Rethinking Retirement
The days and nights and years could be long — if you’re lucky. Here are some tips to make them meaningful, too.
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Plight of the ‘Physical Worker’: Worn-Out Bodies and Little Savings
Americans laboring on farms, in factories and on cleaning crews often have to retire before safety-net programs kick in and without assets in employer plans.
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America’s Retirement Race Gap, and Ideas for Closing It
Scholars and policymakers have proposed ways to fix the inequities between whites and people of color, including changes to Social Security and building wealth from birth.
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State and Local Budget Pain Looms Over Economy’s Future
Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package.
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In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test
BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.
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Chatham Hedge Fund Has the Winning Bid for McClatchy Newspapers
The family-owned publisher of The Sacramento Bee and The Miami Herald announced the winner of its bankruptcy sale: Chatham Asset Management, the owner of The National Enquirer.
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At a Time of Financial Stress, 401(k) Fees Matter More Than Ever
These expenses always eat away at savings balances, but as the pandemic drags on, savers should be especially aware of how to keep them down.
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White House Warns Against Chinese Investment, Citing Risk of Further Sanctions
Economic and security officials warned a federal fund against putting retirement savings in China at “a time of mounting uncertainty” for the relationship.
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Ex-Officer Accused of Murdering Floyd Could Get $50,000 Annual Pension
A conviction would not stop Derek Chauvin from receiving his state pension. But George Floyd’s family could potentially seize the funds by winning a lawsuit.
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You Now Get Almost Nothing for Your Money, but It Could Be Worse
In this crisis, money is priceless, yet banks and money market funds will pay you close to zero in interest for years. That’s if everything turns out well.
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Social Security Is Worth More Than You Think, but Needs Your Help
Low interest rates have made Social Security more valuable. But the coronavirus crisis is likely to make its long-term shortfall worse.
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Federal Retirement Fund Halts Planned China Investment Under Pressure
The change in plans for the $600 billion Thrift Savings Plan for federal workers comes as the Trump administration ramps up criticism of China.
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401(k) Rollover F.A.Q.: What You Need to Know
Many newly unemployed Americans may have to dip into retirement funds to cover expenses. Even if you don’t, you have some decisions to make.
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My Retirement Plan Is You
Americans without retirement savings are increasingly moving in with their millennial children.
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Some Trump Officials Take Harder Actions on China During Pandemic
Since the coronavirus spread from a metropolis on the Yangtze River across the globe, hard-liners in both Washington and Beijing have accelerated efforts to decouple elements of the relationship.
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Chinese Coffee Chain’s Scandal Renews U.S. Calls for Oversight
The implosion of a Chinese competitor to Starbucks has bolstered the cause of American politicians aiming to stop opaque Chinese companies from raising money in the U.S.
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McConnell Says States Should Consider Bankruptcy, Rebuffing Calls for Aid
The majority leader’s comments drew a strong rebuke from Gov. Andrew M. Cuomo.
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Illinois Seeks a Bailout From Congress for Pensions and Cities
The president of the State Senate asked for $40 billion to help the pension system, fund unemployment insurance and aid hospitals and cities.
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What to Know About Taking Social Security in the Pandemic
Suddenly unemployed older workers who had hoped to delay filing have options that can boost their lifetime benefits.
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Coronavirus and Your Money: The Answers to Your Questions
Advice on stocks, bonds and cash; timing the market; selling a house; whom to trust — and more.
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Your 8 Most Vexing Tax Questions, Answered
Changing rules have led to taxpayer confusion. We asked accountants and other specialists to help sort it all out.
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