Page 793 - Pensions News Today

Makes up almost 37%. what is important to note that as many as 30% of all state and local workers are not covered by the social security system, because back when south carolina was created this 1935 by fdr, all state and local government employees across the country were prohibited from participating in the program. now, thats because there were constitutional concerns about the federal government leveeing a tax on state governments. amendments to the social security act in the 1950s changed th...

Are living hand-to-mouth, paycheck-to-paycheck, right now, that they feel that they cant save for the future. especially when you talk about the 50-plus crowd, the data is actually quite alarming. so many people havent saved, not only enough for retirement, but many americans, half of all americans, have more in debt than they have in savings. another survey recently found that one out of three americans has less than $1,000 in savings. so there is no safety net there for a lot of people if they...

Its the pensions like social security and defined benefits. its also investment income. and then its home equity. and the wall street-caused crisis, which is the biggest criminal fraud in u.s. history, and which none of these executives have had to pay a price for, cost $8 trillion in lost home equity. so you knock out one leg of that stool. and then weve had multiple stock market bubbles and crisis. lets not forget the internet bubble, that was full of all sorts of fraud. enron was one of the m...

How does income inequality factor into this conversation, especially for those not making a whole lot of money? >> right. this really is an attack on the very basis of america. we are in a case where, weve seen income and wealthy inequality widen. the attack on pensions is really widening it even more quickly. if you look at the communities that are in the public sector, working, those are african-americans and other minority communities that are being attacked, really, with the attack on pensio...

Going to put a generation of americans into poverty, but the next generation as well. >> right, right. okay, we have a lot more to get to. hang on, with me, for a moment, folks. when we come back, im going to tell you how some of the biggest ceos in american are doing with their pensions. marge: you know, theres a more enjoyable way to get your fiber. try phillips fiber good gummies. theyre delicious, and a good source of fiber to help support regularity. wife: mmmm husband: these are good!

But it hasnt moved the needle yet on your credit rating. why is that? >> well, number one, moodys actually saluted our pension reform and said it was probably the most far-reaching pension reform ever done in our country. and we have more work to do, obvio obviously. but doing the pension reform was necessary. our state is making a comeback. were one of the largest economies in the world. the 19th largest. and weve been able, i think, to grow the economy in the midwest. weve created more jobs th...

Benefits, and bigger pensions. >> in christie land, what is the best way to strip your opponents of legitimacy? accuse them of being disgruntled union laborers even if they have nothing to do with labor unions. unions equal bad, rowdy, no good getting bounced from the christie venue. it was the exchange over the affordable care act that showed them the knock em, sock em of yor. >> to misinform people pause you have an agenda is incorrect. >> we have a budget statement. we will be happy do share ...

Corruption out of springfield by bringing term limits to our state government. eight years and out. critical thing to get term limits on every politician. >> rauner is running on school reform, wants to move public workers away from defined benefit pensions and has poured $6 million of his own money into the campaign and raised another $4 million, more than any candidate seeking a gubernatori a. l position in state history. were still in the primaries, folks. he leads polls which, of course, mea...

But at xerox weve embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. hows that for an encore? with xerox, youre ready for real business. at a company thats bringing media and technology together. next is every ...

>> one thing i think we are looking over in the united states is there is a sizable part of the ukrainian population that is receptive to russia, speaks russian. i want to put on the screen what they could get as members of russia. its interesting. russia assumes the obligation for pensions. there is a big leap in benefits. public schools, new history books with russian history and that version of world war ii. all native russian speakers will be eligible for russian passports. if soldiers go to...