Pension

Dem Senator Pushes For Bailout for His Own Pension

Gary Peters, worth millions, collects $50K a year from underfunded Michigan system

Gary PetersSen. Gary Peters has repeatedly agitated for a federal bailout for his home state, indirectly seeking a rescue for the pension system that pays the millionaire Michigan Democrat five figures annually.

CA Pension Fund Faces Crisis After Shunning Guns, Tobacco

California's public pension fund is facing an internal crisis over its past decisions to restrict its investments to socially conscious causes. A report from the Wall Street Journal indicates it is considering pivoting away from its socially conscious divesting to address its increasing budget crisis.

Machinists Cut Out

Union seeks to slash future benefits for workers

machinistOne of the nation's largest union pension funds plans on cutting retirement benefits by 40 percent moving forward despite its overall fiscal health.