State contribution to CalPERS expected to rise next fiscal yearBy Marc Lifsher
It's Jeremy Hunt's chance to update the public on the state of the UK economy, announces changes to taxation and set out spending plans. Ministers had been managing expectations ahead of the statement, warning the finances were too tight for any large giveaways, but an unexpected fall i...
One in four people will be older than 65 by 2033 and economists have warned thatthe ageing population will place a heavy burden on taxpayers unless more people work for longer. The state pension age is to rise to 67 by 2028. Ministers have warned that they have no idea when younger worke...
Asked whether the Conservatives had been "selective with the truth" on the state of the public finances, Mel Stride, the shadow work and pensions secretarywho is running to be Tory leader, told Sky News: "Not at all. "Let's be very clear about what's going on here: whe...
Pension plans will have nowhere nearly enough money to pay promised pensions. Either they will default or prices will rise so high that the pensions do not really purchase the goods that recipients hoped for. The international system of trade is likely to ...
Because, if you are like most Americans, you don’t have a state-run pension plan. You have instead an IRA or a 401k. These are great tools, but horribly expensive. And they don’t afford you the brainpower and discipline of large, well-run retirement systems, such as you find in ...
The annual report was released as the AfDB began its annual meetings, hosted by India in Gujarat – the home state of Prime Minister Narendra Modi. The prime minister had invited African leaders to a summit in 2015, seeking to promote 'south-south' economic ties with ...
The collection of environmental taxes is expected to be traced back to June 4, 2007. In the comprehensive work plan of energy saving and emission reduction led by the State Council, it is clearly stated that the environmental protection tax will be introduced. ...
Responding to Public Sector Strikes Puts Employers on the Spot; with 750,000 Public Sector Workers Expected to Strike on Thursday over Pension Cut Fears, Damian Phillips of Law Firm Darwin Gray and the South Wales Representative of the Employment Lawyers Association, Reminds Employers of What They...
the government has elaborated a number of measures. We need to make financial support to certain companies and industries more targeted. We need to cut spending on some state programs. We need to change indexation, including pension indexation. And it shows we are adapting budgetary policy to re...