pension

Motions of no-confidence were filed on Friday after President Emmanuel Macron’s government used a loophole to try to pass its pension reform.

PARIS (AP) – Roads blocked, oil refineries disrupted, planes grounded and trains halted – unions are threatening to shut down France’s economy this week in what they hope is their toughest riposte yet to President Emmanuel Macron’s plan to raise the retirement age.

Some demonstrators walked as families through the French capital’s Place de la Republique and carried emotional banners. “I don’t want my parents to die at work,” read one, held by a teenage boy.

An Indiana teacher could face criminal charges and is retiring early after a video emerged appearing to show him slapping a student.

Gov. Andrew Cuomo’s (D-NY) downfall will reportedly come with a $50,000 per year lifetime pension he will be eligible for even though he resigned.

U.S. pension funds invested in Chinese firms are financing slave labor, stated Rick Manning, president of Americans for Limited Government.

President Donald Trump has the authority to block state-administered pension funds from investing in Chinese companies, said Gordon Chang, author of The Great U.S.-China Tech War, offering his comments on Tuesday’s edition of SiriusXM’s Breitbart News Tonight with host Rebecca Mansour and special guest host John Hayward.

Presidential hopeful and Sen. Bernie Sanders (I-VT) is still receiving a pension from his time serving as the mayor of Burlington, Vermont.

Chicago’s outgoing Democrat mayor, Rahm Emanuel, says the way to defuse the Windy City’s pension bomb is to legalize and tax marijuana and build a city-owned casino.

Outgoing Broward County, Florida, elections official Brenda Snipes will be cashing in on $130,000 in pensions after she leaves her position in January.

Veterans of the People’s Liberation Army staged a massive protest this weekend in the eastern Chinese city of Pingdu against police beatings of former soldiers. Police beat some of the protesters during the demonstration, even though they were elderly.

The Democrat-led city of Chicago has a new plan to try and make up the difference of a $28 billion pension deficit: borrow another $10 billion.

Thousands of people took to the streets of Moscow on Sunday to protest Russian President Vladimir Putin over a proposed increase to the country’s retirement age.

Los Angeles cops and firefighters are embracing a new pension spiking plan that lets participants in their last years receive up to a 50 percent spike in pension payments.

A former eye surgeon and president of Oregon Health and Science University (OHSU) is reportedly receiving a monthly taxpayer-funded pension of more than $76,000 a year.

The FBI’s Inspector General has suggested firing Andrew McCabe just days before he is set to retire. As Attorney General Jeff Sessions considers the move, the White House says the President is staying out of it.

LONDON (AP) — Britain accelerated plans to increase the pension age Wednesday, as rising life expectancy continues to put pressure on the public purse.

California’s total public employee pension debt of $2.067 trillion is still climbing fast, but the City of San Diego’s is shrinking after five years of only giving new employees a 401(k).

Police have arrested an Italian man who had allegedly stashed the body of his 103-year-old mother in a freezer for six months so that he could continue collecting her pension payments.

On Friday, the Pennsylvania Commonwealth Court ruled that the state must make restitution to convicted child molester and former Penn State assistant football coach Jerry Sandusky for the pension funds denied him after his conviction three years ago.

Each new California legislative session starts with Republicans yakking about cutting state and local public pension benefits that are over $1 trillion underfunded. But as a minority party and with many of its loudest advocates hypocritically receiving a public pension, reform has just been about yakking. But with CalPERS’ actuaries demanding a pension funding increase from $3.7 billion to $7.25 billion by 2020, the state must either cut payroll by 30 percent or find a massive new tax source, like overturning Prop. 13.

The Labor Department announced that 235 union multi-employer-multi-employee pension funds are “endangered,” meaning they lack the assets to pay 80 percent of their promised benefits.

Illinois’ current credit rating is A-, the lowest of any state in the union, one notch about junk bond status. This dismal rating is driven largely by the state’s enormous pension costs.