Tag: pension

Guard Your Pension! Understand Defined-Contribution Plan vs Defined-Benefit Plan

We often talk about retirement and pensions as though they’re the same thing. When we retire, we receive a pension, and we become pensioners. But a pension has a specific meaning. It refers to a particularly kind of retirement plan. An employer makes contributions to a pool of funds. It invests the funds for the…


Shrinking Ratio of Canadian Workers to Seniors Will Increasingly Strain Government Finances, Study Finds

As the ratio of working Canadians to seniors continues to shrink, it will strain government spending earmarked for older folks in the years ahead due to fewer working taxpayers, a new study finds. “Workers pay the bulk of taxes, which governments need to fund important services, including health care and income transfers to seniors,” said…


Quebec Pension Fund Pulls out of Montreal Rapid Transit Project, Province Takes Over

Quebec’s provincial government and the City of Montreal are taking over a controversial rapid transit project from Quebec’s pension fund manager. Premier François Legault said today it’s clear there’s no public support for an elevated railway in downtown Montreal. Legault says that without the downtown section of the rail line, the Caisse de dépôt et…


California’s Pension Fund Saw $700 Million Go up in Smoke Following Earnings-Triggered Sell-Off in Netflix

Netflix, Inc. shares suffered a bloodbath on Wednesday, having shed over 35 percent in a single session, following its disappointing quarterly results and weak guidance. One of the largest U.S. pension funds, which held a chunk of the streaming giant’s shares, incurred a massive loss amid the plunge. What Happened The California Public Employees’ Retirement…


NY Pension Chief Says McDonald’s, PepsiCo Should Consider Russia Risk

NEW YORK—The chief of New York state’s pension fund said on Thursday that McDonald’s Corp., PepsiCo. and other companies with a large footprint in Russia “need to consider whether doing business in Russia is worth the risk during this extraordinarily volatile time.” Political pressure is building for companies to halt business in Russia because of…


Newsom Seeks to Halt State’s Pension Investments in Russia

SACRAMENTO—As tensions rise over Russia’s war with Ukraine, California Gov. Gavin Newsom is seeking to halt the state’s top pension funds investments with Russia. Newsom sent a letter (pdf) on Feb. 28 asking the leaders of the state’s three top pension funds—which jointly hold $970 billion in funds, according to the governor’s office—to halt the…


This Day in Market History: Pension Benefit Guaranty Corp, Makes First Payout

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Feb. 28, 1975, the Pension Benefit Guaranty Corp. paid out its first check. What Else Was Going On In the World? In 1975, the Vietnam War officially ended when communist forces took control of Saigon. In…


Toshiba Should Overhaul Board and Management, Major Japan Pension Fund Says

TOKYO—Toshiba Corp’s proposal to split itself into three companies won’t solve its governance issues and the conglomerate should prioritize an overhaul of its board and management, said a senior executive at one of Japan’s largest pension funds. Ken Hokugo, corporate governance director at the Pension Fund Association (PFA), said the interests of Toshiba management and…


Warnings on CCP China Investments Highlights Other Risk in State Pensions

Commentary Bryan Jung wrote recently in these pages about a Consumers’ Research warning that investment fund BlackRock’s investments in CCP China could have a deleterious effect on investors’ portfolios.   William Hild, the executive director of Consumers’ Research, had also sent a letter  to 10 of the nation’s governors warning that their public employee pension funds placed with…


NTD Business Full Broadcast (Aug. 10)

The massive spending bills being debated in congress are expected to increase the federal deficit by a great deal, would it impact your retirement funds? Amazon to start paying customers if they get injured by products they bought on the platform. Even if it was from a third party seller. But the e-commerce giant says that…