Page 780 - Pensions News Today

Of narratives. the prologue written by the government in january spoke of bold pledges putting a dramatic end to austerity. greece is also face a herculean task. under the terms of the original bailout, it has to repay almost $30 billion in debts by the end of the year. at the end of this month, it reportedly faces a bill of $1.8 billion for public sector wages and pensions. its creditors have frozen the next portion of the international bailout, $7.8 billion, until theyre pleased with greeces p...

That are available to them the laws that are within their power and get them to use them. in the united states senate where i sit we have oversight over all the banking regulators. im over in he help committee. health, labor and pension. we have oversight over the department of education thats administering those student loans. yeah to get the student loans refinanced that takes an act of congress but to get the department of education to watch out for the students and be careful about who gets ...

[ laughter ] it was like heaven. go to work sing, get paid for it. what could be better? youve got to plan ahead. thats all there is to it. we didnt have any pensions. we didnt have any 401(k)s. we were all independent contractors. wound up saving 10% of everything. kind of saw the writing on the wall and my wife said, you know id like to move to colorado. at some point, the jingle business was winding down. it was a perfect time to retire. so lets do it. so we did it. saturday evening post is t...

Companies, more fishtyefficiencies, cutbacks. are you aware those running the largest pension funds in the world are ones calling for job cuts? these are pensions youre retiring on. those are the managers calling for cuts in jobs. >> when we talk of our pensions, we tell them about the need for long term investment. to look at infrastructure and not follow the example of others of not just short term. we need to rethink this business model of ours. we have huge issues in front of us. technologic...

Of course it is. theres no need to debate this. its not really a matter of cost. its an inconsequential cost in the grand scheme of things and when they were talking about putting the voice recorders in cockpits, it was the same argument. this wont do us any good, of course it does good and it will do good. the idea that somehow these video pilots meeting their demise will end up on television is a complete red herring because we dont even listen to the recordings. we see the transcripts. so i t...

For their unions at a cost to taxpayers at $157 million. malary mallory factor believes the price tag is far greater than official reports. >> they get promotions. they get all the benefits along with the salaries and they also get pensions. and they get it for doing union work. >> reporter: from 1998 to 2012 the amount of time logged across the federal government increased by more than 1.2 million hours per year while at the same time the number of federal employees covered by the unions actual...

The airline management and pilots have been at odds for years. management getting givebacks, work rules, taking away pensions on it goes. there is this huge climate, adversarial climate which is absolutely runs against safety in every shape and form. >> it does seem like there would be ways to address some of the pilot concerns with having video out there. just as miles was saying access to this voice recorder is limited. you were saying when we were off air that in a lawsuit against an airline,...

>> the v.a. is taking thousands of hours to organize the union. something is wrong with their priorities. >> reporter: according to the office of management, in 2012 across the federal government, employees spent nearly 3.5 million hours working for their unions at a cost of more than $157 million. mallory factor who wrote the book on workers unions believes the price tag is far greater. >> they get promotions and all the benefits with the salaries, and they get pensions, and they get it forring...

Pensions are on the line are now facing an uncertain future. >> i have been here i have worked here almost 26 years. and for it to close, it would just be very sad. >> now, 17,000 jobs and pensions hang in the balance of the question is was this more about politics than good business as though "wall street journal" suggests, greta we have reached out we said it in the piece i will say it to you, we reached out to the attorney general will you go on cameraened a talk to us about what was a good d...

Money. >> you got 17,000 employees that will lose their job that we are -- our pensions will be at stake here. our livelihoods will be at stake. >> it will be probably the saddest thing thats ever happened in los angeles. >> last year, the not for profit catholic hospital chain thought it found its savior, prime healthcare a for private company that specializes offers hospitals. offering to buy hospitals even committing to cover worker pensions it was a deal that won multiple endorsements even f...