A sharp spike in U.K. borrowing costs this year triggered memories of the 2022 "mini-budget" crisis, which rocked the country's pension funds and led to emergency market intervention by the Bank of ...
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Pension crisis: 4.9 mn retirees under EPS-95 get meagre pensions below Rs 1,500, govt data shows
Nearly half of all retirees under the Employees’ Pension Scheme, 1995 (EPS-95), receive less than Rs 1,500 per month, according to data presented before Parliament and reported by PTI. The figures ...
State (and local) government pension funds are woefully underfunded: $3.8 - $5.2 trillion which needs to be set aside now. This has been caused by insufficient annual funding over the years, and ...
One side effect of aggressive monetary policy is an increasing strain on public pensions, which rely upon consistent investment returns in order to meet their obligations. Some pension funds have been ...
The recent layoff of 80 police officers in Oakland could be the harbinger of things to come as government officials find that public employee pension deals made when the stock market was booming are ...
MADRID/MILAN (Reuters) - When Angel Gomez and Maria Luisa Fernandez retired a decade ago, they imagined spending their pensions largely on restaurant meals, holidays and toys for the grandkids. Today, ...
A sharp spike in U.K. borrowing costs this year triggered memories of the 2022 "mini-budget" crisis, which rocked the country's pension funds. However, industry participants told CNBC pension funds ...
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