Page 804 - Pensions News Today

This and i am excited that i am involved and i am amazed every day i get to do. it i pinch myself to make sure we get to. >> it is incredible what we do. >> before we talk about the founding a and hopes we provide. it was a gut punch to the people in the military. a lot of retired found out the budget deal and everybody acknowledges it was a mistake. but right now, retirees get less in the pensions. why is that and how will it affect them. >> it will affect them. most of them are living off of t...

Literally, its like are we going to give tax cuts to big oil and to these companies, or can we just make sure that our vets are taken care of and dont have to put in more money on their pensions? >> thats right, karen. if you look at the budget deal that was agreed upon last week, these conservative outside groups are angry. but they should be pretty happy about this. there are slight rollback in the sequester cut in 2014. then they all re-emerge in 2015. these are severe cuts to head start, a p...

Brightening so much the fed will gradually pull back the stimulus. unemployment is at a five year low. if you have a job and a 401(k), you are feeling better. if you are one of the 11 million americans out of work, it feels like one america with two economies. the compromise passed by congress is not likely to change that. the agreement blunts the pain of the forced budget cuts, but doesnt extend unemployment. 1.3 million americans stand to lose their benefits. it cuts pensions and does nothing ...

Pensions for early retirees and strikes me that there are some assumptions made about who that population of people are in terms of, you know, that if you retire at 62 you go off and have another career but that doesnt necessarily mean youre not going to need your pension. >> thats right. and karen, you are talking about some of these folks are disabled veterans which is hard to reenter work force. the policy of this is atrocious. its basically the country not keeping the promise, breaking faith...

Veterans for america and hes here now to discuss. how shocked were you that this passed? >> unfortunately not shocked because we saw it with the shutdown, the way vets were used as pawns in that process. so here again, washington dysfunction, because they cant get a budget settled, because they cant find real places to reduce spending or get at our debt or find compromise, they go to veterans, and they go to veterans pensions. and not grandfathering in older retirees, everyone under the age of 6...

Your pensions? >> i feel like were being betrayed. we volunteered on the basis of a promise that is now being broken and my friends that are career soldiers dont feel like its worth staying in if the government cant keep the promises that were made to us. all the future generations are watching and theyre seeing the way were being treated. people arent going to enlist to join if they know the government isnt going to keep the promises made to us. >> bobby, how do you feel? >> i think its kind of...

Ame amendment. this is more than just process. lawmakers want to improve legislation. >> this isnt just about minority rights in the senate. this is about people getting hurt. people im talking about are our active duty military whos pensions have been cut by the vote we cast yesterday passing the budget deal all we want to do is fix hit. >> the bill does include 30 provisions addressing sexual assault in the military including preventing commanders from being able to overturn convictions and pr...

>> sure. alex, we got a lot of people who work in washington on capitol hill and are in positions of power and who voted for this budget that passed last night. whats your message to them about your situation? >> i feel like theyre telling the young 18-year-olds and 19-year-olds that theyve lost their youth because theyve seen their best friends get killed and stuff like that, that its not worth it, you know. i mean, its a complete betrayal to me. they sit there and i lost both my legs on my fou...

Is where are you going to get the money if we dont do this? >> the good news is that this opens up something that we need to look at for a long time and that is the continuing pension liability of all government guarantees, entitlements and pensions. as you well know, we talked about going to change cpis and index of coal as in terms of social security and that is the more conservative index for coalas and now that the issue has been brought forward we need to make sure that all of the programs ...

Accord, acura rlx and mdx got the highest ratings. and the new uss milwaukee is officially in service. take a look at this. naval battleship was dropped into the water with a big splash. steve, you have something kind of related. >> the hero youre about to meet made headlines during the government shutdown when he was photographed on his segueway carrying a barricade that was block the world war ii memorial. all the way to the white house is where he took it. now he has reason to speak out again...