Pension Financial Results – News on Your Pension Sustainability

Legislation introduced by a “bipartisan group of (American) lawmakers” could save pension funds and retirement income, writes Ginger Adams Otis for the New York Post. In the article she relates the situation facing a group of retired Teamsters who “suffered a fate that could soon hit hundreds of thousands of union...

Sears Canada’s “controversial dividend payments” will be the subject of an investigation by the company’s bankruptcy monitor, writes Hollie Shaw for the Financial Post. The company made “more than a half billion dollars of controversial dividend payments” to its shareholders “years before the defunct department store chain...

It’s the most vulnerable who will be impacted by proposed changes to the University of Southampton’s pension plan, causing them to lose thousands in retirement, warn unions representing the workers. The unions, Unison and Unite, “highlighted that the proposed changes to the University of Southampton Pension &...

Minnesota’s new senator, Tina Smith, got together with retired Teamsters Saturday to go over a potential solution aimed at protecting the retirement income of Central States Pension Fund members. The fund is deemed to be in a critical stage and says it is on its way to insolvency unless it can ease its deficit. A...

The year ending is shaping up to be a good one for enrolment in UK retirement schemes, with more than nine million workers having been signed up by over 800,000 employers, bolstering retirement income. The numbers are proving the “doom-mongers” wrong about auto enrolment, writes Jamie Jenkins for Pensions Expert. The...

ARIA Pensions Blog, Email: sitemanager@ariapensions.ca, 12 Dunlop Street East, Barrie, Ontario, Canada, L4M 1A3

Before Sears Canada creditors receive any funds from the liquidating company, employees and retirees should have their pension issues resolved, say lawyers representing them. “Lawyers representing Sears Canada employees and retirees have made a priority claim against the liquidating retailer for their $270 million...