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Risk of pension meltdown grows due to inaction by U.S. Congress

CHICAGO, Jan 7 (Reuters) – The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers. Lawmakers in Washington have been working on ways to protect the benefits promised to partic... More »

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Strike up the band: Paris orchestra wails at pension reform plans

PARIS (Reuters) – The French capital’s Opera Bastille has been silent for nearly a month because its orchestra is on strike, but on Tuesday the musicians performed on the steps of the opera house to bring attention to their anger at planned pension reforms. Th... More »

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French CGT union threatens more protests over pensions plan

PARIS (Reuters) – Four branches of France’s hardline CGT union, including railway and transport workers, threatened on Sunday to step up protests unless the government withdraws its pension reform proposal this week. In a major overhaul of France’s complex pen... More »

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U.S. agency seeks approval to take over Sears pensions

NEW YORK (Reuters) – A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer.... More »

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Ohio workers’ pension fund woes are symbolic of national problem

CHICAGO (Reuters) – Roberta Dell has worked for 46 years making lollipops, and she loves her job. But she worries that retirement may not be as sweet as the Dum Dum lollipops she bags. Dell works for the Spangler Candy Company in Bryan, Ohio – a family-owned b... More »

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Exclusive: Mexican state pension fund spent millions on failing…

FILE PHOTO: The logo of Mexican construction company ICA is seen in Mexico City, March 8, 2016. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Mexico’s state workers’ pension fund plowed more than $20 million into ICA (ICA.MX) and became the largest shareholde... More »

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U.S. pensions stuck in the red despite stock market boom

While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. More »

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U.S. insurers sense opportunity in unwanted pension plans

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values... More »

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Despite risks, public pensions put faith in long-term returns

As yields on risk-free Treasuries fell, private pension plans lowered their investment return assumptions but public plans did not. Instead, public pensions invested in risky assets. REUTERS/Graphics U.S. public pension funds are cutting their expectations for... More »

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Timeline: Caisse public transit project in Montreal

The following timeline charts the schedule for Quebec’s pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer (41.63 miles)public transit system in Montreal, the third largest automated transpor... More »

Quebec pension fund ups stakes in infrastructure test case

FILE PHOTO – Polices officers watch a train pass in a subway station in Montreal, May 10, 2012. REUTERS/Olivier Jean Quebec’s public pension fund, the Caisse, is about to take on one of its toughest investment challenges yet – helping the commuters of Montreal... More »

Public pension funds seek infrastructure as market heats up

SAN FRANCISCO The California Public Employees’ Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. In May, CalPERS bought a 1... More »

Kentucky pension funds push back against fee disclosure bill

NEW YORK Kentucky’s troubled public pension funds are fighting a bill requiring them to disclose performance fees paid to outside asset managers and use more transparent methods when selecting those managers. Both the Kentucky Teachers Retirement System (KTRS)... More »

New York City mayor urges city pension funds to divest gun stocks

NEW YORK New York City Mayor Bill de Blasio urged the city’s pension funds on Friday to divest their holdings in stocks of gun makers after this week’s mass shooting in San Bernardino, California. Two of the funds in the city’s $155 billion pension system drop... More »

Buffett’s biggest deal casts light on pension burden

NEW YORK Growing pension obligations at Precision Castparts Corp (PCP.N), which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large U.S. corporations still face, almost a decade into a low-interest rate environment. Berkshire’s ... More »