Takeouts: 8 States Given Failing Grade on Pensions, US Women Win Skiing Gold,...
FINANCE TAKEOUT: A new report by the Pew Center gives a failing grade on eight states' pension funds. New York Times finance reporter Louise Story explains.OLYMPICS: Daily News sportswriter Nate Vinton...
View ArticlePublic Pensions: What Are a State's Responsibilities?
Earlier this year, the Pew Center released a study estimating that there is a one trillion dollar gap between what states had promised workers in retiree pensions and benefits, and the money they...
View ArticleSEC Investigates Country's Largest Public Pension Fund
Louise Story, Wall Street and finance reporter for The New York Times, discusses her breaking story on a new investigation by the Securities and Exchange Comission against the California Public...
View ArticleUS Pension Insurer May Need a Bailout
A weak economy and the failed pension plans of several bankrupt companies have increased the financial burden of the government agency that insures pensions for one in seven Americans. The Pension...
View ArticlePlanning for Retirement: "The Math Doesn't Work"
With pension plans nearly obsolete and most employees relying on their companies' 401k plans to prepare for retirement, many Americans may not know how to invest their money into these plans and the...
View ArticleDetroit Bankruptcy Puts Pensions on the Chopping Block
Detroit pensions may now be on the chopping block.Money that was supposed to materialize disappeared into thin air—in the lead up to Detroit’s filing for bankruptcy last week, a big hole was revealed...
View ArticleCity Doles Out Thousands in Benefits to Dead City Workers
The pension fund that serves retired New York City workers continued to make payments to at least 14 beneficiaries, even after they died, and those payments were received by living persons not entitled...
View ArticleHevesi Plea Deal?
Ken Lovett, Albany bureau chief for the New York Daily News, talks about reports that former state Controller Alan Hevesi will plead guilty to a felony corruption charge over his office's handling of...
View ArticleAnother Week of Protests in France
It's been several weeks since demonstrations began in France, in protest of a government proposal to raise the nation's retirement age from 60 to 62.There were several reports of violent confrontations...
View ArticleDeputy Mayor Asks and Tells: How Can New York Save Money?
Welcome to Politics Bites, where every afternoon at It's A Free Country we bring you the unmissable quotes from political conversations on WNYC. On today's Brian Lehrer Show,Stephen Goldsmith, New York...
View ArticleChristie Back on the Local Circuit
One morning this week, the American Legion Hall in Hackettstown was packed with a standing room only crowd that spilled outside. Everyone was waiting for Governor Chris Christie. Hackettstown, near the...
View ArticleOne Nation Under AARP
Frederick R. Lynch, professor of government at Claremont McKenna College, talks about his new book, One Nation Under AARP: The Fight Over Medicare, Social Security, and America's Future.→ Add Your...
View ArticleState Pension Fund, Budget Would Be Jeopardized by Fed Default: DiNapoli
Albany, NY —President Barack Obama and Congress do not agree on a way to increase the federal debt ceiling, the default could affect New York State in a number of ways — from a weakened state pension...
View ArticleClik here to view.
Amnesty for LIRR Workers Who Faked Disabilities
(photo by Stephen Nessen/WNYC)(by the Associated Press/WNYC Newsroom) Long Island Rail Road workers who faked disabilities to get more money would avoid prosecution and be able to keep their pensions...
View ArticleCity Teachers Pledge $1B in Sandy Rebuilding
The president's proposal for Sandy recovery money is currently moving through the Senate, but in the meantime, New York City teachers are pledging to invest $1 billion of pension money in rebuilding....
View ArticleLopez to Retain $64k Pension After Resigning
New York Assemblyman Vito Lopez will retain an annual pension of $64,634.28 after his resignation takes effect Monday at 9am, according to the Office of State Comptroller Tom DiNapoli.The Brooklyn...
View ArticleThe de Blasio Team; Rev. Billy; Donor Siblings; Pension Problems
Mayor-elect de Blasio appointed some key members of his administration. Hear analysis about what those choices signal. Plus: Billy Talen, a.k.a Reverend Billy, discusses criminal charges he's facing...
View ArticleStringer to Apple: Protect Our Assets
Activist investor Carl Icahn is abandoning his proposal for a $50 billion buyback from Apple. The news comes as the heads of some state and city pension funds called on the company's shareholders to...
View ArticleNew Jersey's Pension Problem: Part Deux
Governor Christie has presented the largest budget in New Jersey state history. The $34.5 billion spending plan has no tax increases and the largest payout yet for pensions. The governor called those...
View ArticleBible Lessons Explain NJ's Budget Sacrifice
To understand what New Jersey is doing, consider the biblical story of Jacob and Esau. They were the twins sons of Isaac and Rebekah. Esau was born first and therefore stood to inherit the family title...
View Article
