Almost 80,000 California Retirees Receive Over $100,000 In Pension Pay

Morgan Stanley will pay $150 million to settle charges it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis......»»

Morgan Stanley will pay $150 million to settle charges it concealed the risk of mortgage-backed securities that were sold to two large California pension funds, the state's attorney general Xavier Becerra announced Thursday......»»

Morgan Stanley will pay $150 million to settle charges it concealed the risk of mortgage-backed securities that were sold to two large California pension funds, the state's attorney general Xavier Becerra announced Thursday......»»

Morgan Stanley will pay $150 million to settle charges it concealed the risk of mortgage-backed securities that were sold to two large California pension funds, the state's attorney general Xavier Becerra announced on Thursday......»»

Authored by Mike Shedlock via MishTalk, The amount owed to retirees accelerated faster than assets on hand despite a record bull market. The Wall Street Journal reports the Long Bull Market Has Failed to Fix P.....»»

Stanley Patrick Weber is a former U.S. government pediatrician that was convicted in September of sexually abusing Native American boys and is set to serve 18 years in prison. Records indicate that h.....»»

The California Public Employees' Retirement System (CalPERS) manages the largest public pension fund in the United States. read more.....»»

While many critics of public pensions point to the eye-popping pension payouts that football coaches and university presidents receive, most public servants are barely getting by in retirement......»»

Later this year, Stockton, a city in California with a 25% poverty rate, will conduct an unusual experiment: Roughly 100 of its citizens will receive $500 a month for 12-18 mo.....»»

More than 1 million workers and retirees are covered by private pension plans that are projected to run out of money within the next 20 years......»»

There is a crisis looming that has the potential of dramatically affecting both the retirement benefits of millions of retirees as well as.....»»

California's perennially underfunded pension system is struggling with an internecine conflict among its governing board members that some observers worry could impact the fund's performance as it goes all.....»»

The board of California Public Employees’ Retirement System.....»»

In a big win for labor advocates, the California Supreme Court has limited businesses from classifying workers as independent contractors who can't receive key employment protections......»»

Some pension funds are starting to cut current retirees' pensions to keep from running out of money......»»

(Reuters) - MetLife Inc has entered into an agreement to provide pension benefits for about 41,000 FedEx Corp retirees and beneficiaries, through a group annuity, the insurer said on Tuesday......»»

The world's .....»»

Authored by Lance Roberts via RealInvestmentAdvice.com, A couple of weeks ago, I discussed the coming “Pension Crisis.”  The.....»»

The chief investment officer of California's.....»»

Ted Eliopoulos, chief investment officer of the California Public EmployeesR.....»»