Page 807 - Pensions News Today

Scissors, scotch tape and a photocopier. >> really intrigued by the fact that you say they were able to do that in three hours and principal it out themselves. id like to get more information on that if i could. >> yeah. because we were told they were certified for 20 hours. ferranhold said someone on my staff did it in three. which is it? >> he doesnt seem to know really. >> last week we closed out talking about the budget. they got together on the house and senate budget committee chairman, ca...

Senate it seems like the votes will happen which means that you only need 51 for the underlying bill. if you are a young guy who sign up for the military, you get a promise. that promise says we are going to do what were going to do for the next rest of your life. you retire at 42 and look for america to honor the promise and we say we made a promise but we are going to change your retirement benefits. and for a 42-year-old e 7 he loses $75,000 in the next ten years. >> that sounds horrible. tha...

In military pensions. they are being asked to ka ir rethat burden which is expected to save more than $6 billion over a decade. >> understand military retirees get hurt on this agreement where the federal employees the changes only go to new hires. the military didnt get the same protection. i dont understand why that unfair treatment you would think they would treat them the best. >> i think where they struck that down ryan and murray. i wish we would have done something bigger. i think in many...

Fight for unemployment insurance, with governor ed rendell and our oh friend, ej dionne, plus pennsylvania senator, bob casey. but first, we want to get an update from nbcs kelly odonnell on capitol hill. kelly, weve heard a lot of senate republican bluster against the deal. but ultimately, as you know, a dozen came on board. and lindsey graham, however, is mocking the deal, saying congress needs to slow down and back off military pensions. take a listen. >> were in a big hurry to show how funct...

Military and in two wars. she says the additional money that were going to be losing and contributing for our pensions is unacceptable. listen. >> ill paraphrase a quote by george washington that future generations are going to look how this generation treated their veterans before they elect to serve. and what happens when nobody believes the promises and the word given by members of congress anymore and they dont like -- they dont trust their promises will be honored? we wont have people to se...

Side to see if any of them bolt because theyre upset about the fact that the unemployment benefits are extended. theres a lot of opposition on the republicans side because it doesnt do enough to attack the debt and deficit and also because of the fact that in this deal a lot of senators feel that military personnel are getting raw end of the deal because theyre going to have some of their pensions be cut. and lindsey graham, republican of south carolina, just had a press conference with a couple...

Mcconnell and john corner, they have primary challenges so theyre unlikely to support this. you dont have the leadership from them twisting arms or cajoling their rank and file. another thing on the substance, you have some time for some of the details of this to come out. and some republicans are upset about this. not comfortable with it, because military retirees would lose some money long-term with their pensions. and theres a lot of pressure from these military retiree groups on these senato...

Look at what is happening with unemployment insurance. i mean, this is actually a very good argument for democrats to be making at the end of this month. >> you know, john, to your point about pensions, its really disgusting, i think, and i completely agree with you, to ask federal workers to have to put more in. particularly military personnel. i was actually hoping they would at least do some kind of a carve out for people who are serving in combat, for heavens sakes. can you imagine if you ar...

The auto pilot part of the government. we are permanently asking the federal workers to contribute more to their pensions so the hard-working taxpayers who pay for the pensions dont have to pay as much. thats not a permanent law change. thats not something that is a promise and might happen later. it is happening now. the savings accumulate. if god forbid we have a hillary clinton second term, we would have to change a new law. we are doing permanent law. thats the point i am trying to make. loo...

The third is, it changes the focus, not in a dramatic way, but in a tiny way to the annual spending by congress to the permanent programs that are driving the spending and the budget problems. thats a step in the right direction. >> in other words, to deal with medicare, to deal with medicaid, to deal with social security which many people say thats whats really driving our long-term problems. theyve put aside the short term problems which is whats the budget going to be for the next year and ha...