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Only building sector pension bpfBouw can say with certainty pensions won't have to be cut next year. It has increased its coverage ratio to nearly 110%, well over the legal minimum of 105%. Civil service pension fund ABP, one of the biggest funds in
The four-year pension levy was supposed to finish at the end of this year but is now set to continue at different rates. It is on target to raise 2bn from private retirement funds, with the money being used to create jobs. The levy has ended up
Richard Perry/The New York Times Lawrence Schloss, New York City's deputy comptroller for pensions...Across the country, nearly 2,000 private-equity firms are making pitches to state retirement systems, corporate pension funds and wealthy investors
Promotion Ms Sarah Msika said that employers from both the government and private sectors should give equal opportunity to all social security funds, also allow their employees join where they want. She added that all social security funds should
From January through September of this year, 8,035 state employees put in their retirement papers, the fewest for the nine-month period since 7,143 applied for their pensions in 2009. September's 708 applications marked a 30 percent decline from a
The payments by the Detroit Pension Board, which were paid over several decades but never disclosed publicly, were far in excess of the city's obligations and appear to amount to about $2 billion, according to outside actuary Joseph Esuchanko.
Professor Yang Yansui, a key designer of a social-security reform proposal submitted by Tsinghua University, recently irked many web users by proposing a policy to have people retire at 50 years old and receive pension at 65. When asked what people
Ohio's public pension systems must change which banks handle their $41 billion in combined international investments as the state treasurer tries to separate those investments from banks hired under his predecessor's administration, which is under
From Palmetto to North Port, more than 15 municipal government pension funds are underfunded. The projected shortfalls of more than $280 million are piling what some officials say could become an unsustainable burden on local taxpayers.
Shanghai ( chinadaily.com.cn) The National Social Security pension fund entered the world's top 10, by assets, at the end of 2012, according to a report by Pensions & Investment and Towers Watson. The fund has seen robust growth in the past five