Pensions

US: Where is the Money Going? - State’s Giant Pension Funds Lost $5.2 Billion in Fossil Fuel Investments

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allgov.com (17.08.2015) It has been a 12 months in the market for fossil fuel investors. Oil alone lost around $1.3 trillion. Public institutions that bent to the will of alternative energy supporters clamoring for divestment saved a lot of money.

Regions / Country
United States
Topics
Financing
Pensions

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[Opinion] Pension reforms since the financial crisis could have a serious impact on the future retirement incomes of young Europeans

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London School of Economics (11.08.2015) What effect has the financial crisis had on pension systems in EU countries? Aaron G. Grech notes that prior to the crisis there was a significant divergence in pensions across the EU, with some states having relatively generous systems in comparison to others. He writes that following the crisis, southern European states have had to substantially cut back on pensions, while other states in northern Europe have remained relatively unscathed.

Regions / Country
european union
Topics
Old-age pensions
Pensions
Population ageing

Anger erupts over proposals for Swedish pension reform

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Financlal Times (04.08.2015) The Swedish government’s plan to overhaul the country’s pension system has prompted condemnation from senior officials who fear the proposal will put the entire retirement framework at risk.

Regions / Country
sweden
Topics
Old-age pensions
Pensions
Financing

Greece agrees pension reforms to apply from July

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EurActiv(04.08.2015) Greece and its lenders discussing a third multi-billion-euro bailout deal have agreed that pension reforms will affect only those who retired after the end of June, labour ministry officials said on Monday (3 August).

Regions / Country
greece
Topics
Old-age pensions
Pensions

U.S. Public Pensions Earn 3.4 Percent for Worst Showing Since 2012

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newsmax.com (04.08.2015) U.S. state and local-government pensions are coming off their weakest investment performance in three years, weighed down by losses in international stocks and weak bond returns, according to data from Wilshire Associates Inc.

Regions / Country
United States
Topics
Financing
Pensions

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Belgique: La Chambre vote la réforme des pensions majorité contre opposition

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La libre (16.07.2015) La Chambre a approuvé jeudi en séance plénière après de longs débats parlementaires le relèvement de l'âge de la retraite à 67 ans. Le vote s'est déroulé majorité contre opposition. Seul le PP s'est abstenu.

Regions / Country
belgium
Topics
Pensions
Governance and administration
Social policies & programmes