The Pension Benefit Guaranty Corp., the federal agency that backstops pensions, would not be able to withstand the failure of the Central States fund. (The federal program is also in trouble, reporting a $76 billion deficit in mid-November, and its estimated exposure to future losses runs to the hundreds of billions.)
Australian treasurer urges banks to pass on any rate cut: media TREASURER Wayne Swan expects banks to pass on any interest rate. news; follow NAB’s lead, Swan urges banks. treasurer wayne swan expects banks to pass on any interest rate cut, after national australia bank today vowed it would lower its rates.
In May 2009, when the world was mired in a recession, a little-known contender called Mine That. serve as an example to other U.S. municipalities whose retirement systems are in deep debt. The.
The Secrets Of Buying Foreclosed Properties The two common ways of buying a foreclosed home are through a real estate agent or through a public auction. There are many factors to consider when buying a foreclosed home compared to a traditional home purchase. REO properties are an affordable housing option, but there are also more things to watch for with this type of home purchase.
Saving America's Pension Plans Is A Rare Chance For Bipartisan Accomplishment | Opinion.. The federal government's little-known pension heist · Kennesaw.
The federal government’s little-known pension heist Discussion in ‘ Central States Pension Fund Discussion ‘ started by Kennesaw Kid , Nov 27, 2018 . Kennesaw Kid super moderator staff Member
It was among the most audacious cyber-heists ever to emerge – shining a light on worrying weaknesses in the global financial system and into a little-known corner of the U.S. Federal. the.
"Too big to fail" means one thing for banks and another thing for union pension funds. When banks are on the verge of collapse, Congress bails them out. When union pension funds are in mortal danger, Congress changes the law to let them shaft retirees.
In a new report requested by the House Oversight and Government Reform Committee, CBO examines five options for changing the federal retirement system. Three seek changes to the FERS pension plan.
· Job Security. Increased job security is a valuable commodity, especially in an uncertain economy, and the federal government provides it. Compared to public servants, private employees are at a much higher risk for being terminated; in fact, they are three times likelier to be terminated by their private employer than are employees of the federal government.
The money you deposit in a myRA is guaranteed by the federal government never to decline in value, and the only investment option is a U.S. Treasury retirement savings bond. The myRA is a type of Roth.
Without federal spending reform-driven primarily by entitlement costs-interest payments on our national debt will reach almost $1 trillion per year by 2023 and explode well beyond that-not if, but when, interest rates get back to normal levels.