Tag: pension

MP Tables Bill That Would Prevent Governors General From Receiving Pension and Benefits Unless They Serve Full Term

June 5, 2021
Canadagovernor general Julie PayetteGovernor General of CanadapensionWorld
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A private member’s bill that seeks to ensure governors general do not qualify for lifetime pension and expense reimbursement programs unless they fully serve their term has been introduced by Conservative MP Marilyn Gladu. Bill C-305, An Act to amend the Governor General’s Act, proposes that governors general who do not serve a full five-year…

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Exclusive: Athene to Take Over $2.8 Billion in J.C. Penney Pension Obligations

April 1, 2021
Athene Holding LtdeconomyJ.C. PenneypensionUSUS News
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J.C. Penney Co. Inc. said on Thursday it has agreed to transfer its pension obligations to annuities provider Athene Holding Ltd., ensuring that the U.S. department store chain’s retired employees will continue to get their benefits. J.C. Penney, which said in December that it would seek to exit bankruptcy protection sometime this year, will not…

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Chinese Citizens Reluctant to Pay for Social Insurance Due to Distrust Toward CCP

March 11, 2021
ChinaChina Business & EconomyChina SocietyChinese Regimehousing fundmaternity insurancesmedicalpensionsocial insurancetwo sessionsunemploymentwork-related injury
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The Chinese regime recently revealed that its social insurance system reported a $96 billion deficit in 2020 due to the impact of the COVID-19 pandemic on the economy. Consequently, China’s state-run media has encouraged people to pay for social insurance programs. The Epoch Times spoke with some Chinese citizens who shared their concerns about the social…

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Should I Take the Lump Sum Option From My Pension?

February 17, 2021
AdviceBusinessInvestmentLife Expectancylifetime incomelump sumpensionretirement
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Dear Carrie: I’m about to retire, and I have to decide between taking a lump sum or lifetime income payments for my pension. I’m leaning toward the lump sum. Is this a good idea?—A Reader Dear Readers: My first thought is to say congratulations! A pension in any form—whether taken as a lump sum, as…

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