Page 770 - Pensions News Today

Ultimately happen you have to draw the line somewhere. >> in new jersey they upped the ante on pensions 13 times in 25 years. >> do you live in new jersey? >> no i dont, thank god. >> i to and i think youre being very unfair to my state. the garden state. >> the only thing its got going for it. >> we dont have any gardens or -- >> or any money. >> or any money. adam my biggest concern as we started this was the idea the government comes in to prop things up rescue things and make things better, ...

Because although the greeks have asked for it, the europeans still have to decide whether they are going to ground it. >> we want to bring in john, an international relation specialist. >> john, good morning to you. you remember just a couple of days ago, the prime minister there lobbied hard for a no vote on this bailout and meant to vote against the tax hikes and spending cuts and the pensions and the like that are now likely part of this austerity plan that he was pushing and that the parliam...

Business with him in the first place. >> donald trump has property in california. he has a golf course. >> he has investments. california is one of the leading -- leading the nation in terms of our portfolio, in terms of pensions and donald trump is invested in that. we will make sure that everything he is invested in california, particularly as a state that we die vest from. we are encouraging all businesses alike to do the same. and take the lead. >> senator, as you know donald trump approache...

Jump on the pensions which is getting rid of the special offer for pensioners who are slightly poorer. he will not get rid of that. that is going to go by the year 2022. the other concession made is special right on islands. certain islands here in greece had a special rate of tax basically reduction. he did not want that to go ahead prior to the referendum. now he conceded saying some of the richer islands will get rid of the tax on that. the special rate. all in all, hes accepted there will be...

Advertising. changes to public employee pensions such as raising the retirement age and phasing out tax breaks for greek islands. many in europe say the reform plan wont do much good unless greeces creditors agree to restructure its debt. some call it a hair cut. european council president donald tusk said it sun affordable. angela merkel german chancellor disagrees though. >> the realistic proposal from greece will have to be met by an equally realistic proposal on debt sustainability from the ...

To europe last night. i think many people waking up here pretty much spitting feathers at the fact this deal contains more austerity measures than the ones he could have agreed on before the referendum on sunday. a lot of people will be very angry. in terms of what they are proposing. a 53 billion euro bailout and 15 billion euro of spending cuts. they have also many taxes in greece. they made concessions on pensions. they made many concessions. one includes getting rid of the special rate to th...

>> reporter: good morning, john. earlier, you called it economic whiplash. you were spot on. the majority of people waking up will be shocked to see more austerity coming to them in the coming weeks. if the proposals by tsipras are approved. and what we know is proposals are a three-year bailout and 53.5 billion euro. that is $59 billion. they want spending cuts of roughly 13 billion euro. more spending cuts, tax increases and changes to pensions. some of the red lines you and i have been discus...

Pensions. saying if you dont have a lot then your neighbor shouldnt have a lot either. its been a long and waring process to have him as governor. the budget is incredibly unpopular. cutting education, slashing the university of wisconsin by 250 million, taking us down in job creation to the bottom rank among states and the very bottom of our region. i think a lot of that is going to come out and hes going to look less shiny. he is a real right winger. he speaks to the base. shutting down planne...

California. he has a golf course. >> he has investments. california is one of the leading -- leading the nation in terms of our portfolio, in terms of pensions and donald trump is invested in that. we will make sure that everything he is invested in california, particularly as a state, that we divest from. we are encouraging all businesses alike to do the same. and take the lead. >> senator, as you know, donald trump approaches all issues by antidote, not by an overall statistical analysis. so f...

Let me show you what media is saying as well as international media is seeing proposal, what europe will be considering. 13 billion youre yoes of spending cuts magic over red lines that he said he wouldnt budge, seems he is making concessions on that. first one is reforms to the vat system to raid gdse gdp by 1% and tax restaurants at 23%, natalie. major red line for him. now he has given in on them. third point, very important, is abolishing lower rates, especially rates to island. he said all ...