Page 882 - Pensions News Today

The longest for nfl officials in history. stephanie gosk join mess now in new york. power of the people. the fans win here, stephanie. >> yeah. the fans definitely win the. the officials might win as well. you know, if the point of this strike was to prove, without a doubt, how important the nfl officials are to the game then you can say more or less it was a success. but three weeks of missed call, bungled calls, misinterpreted rules and general chaos. when the officials went to the cable last ...

Years, they get to keep their pensions. that was a big battle for them. and you can start asking the question -- what do the owners and commissioners really gain by making their league, you know, the butt of many jokes for the past several weeks. >> jason, as far as you can tell right now what was the main sticking point in terms of why the lockout began in the first place? we heard issues about obviously compensation, ability to bench the bad refs, what was the number one issue and how did they...

Last eight years. pensions? you bet. now the details from rick leventhal. this worked out pretty good. >>guest: it did. the commissioner says this deal would have gotten done this week anyway with or without the call that changed the outcome of monday night football but admits it was a factor to get the two sides to the table and push them to agree. the two sides met for 17 hours on tuesday and 15 hours on wednesday agreeing on the eight-year contract, the longest ever for referees with pentagon...

What the difference between the nfl and a lot of these states are? the nfl has a lot of money. >> yes. >> a lot of these states are out of money because they promised -- i cannot believe i had to say this. okay, you marxists go ahead and destroy the rest of this wonderful story. go ahead, willie. >> i hate to say, i always hate to say i agree with joe about anything, but there really is a huge difference in the sense that you have a league thats -- theres no public money in the league. its a bun...

Made out well in the new deal? >> they did. from all accounts, it sounded like the federers made out pretty well. more details of the deal will come out today in term of financial numbers. for the next five years, the sticking point they get to keep their pensions. so what do the owners really gain? they got a compromise from the refs in terms of number of officials. they wanted to add more officials and have more crews. but the refs were worried that was going to hurt the overall compensation p...

Resolve? you think the refs made out pretty well in this new deal? >> they did. from all accounts, it sounded like the refs made out pretty well. more details of the deal will come out today in term of financial numbers. for the next five years, the sticking point they get to keep their pensions. so what do the owners really gain? well, they got a compromise from the refs in terms of the number of officials. they wanted to add more officials and have more crews. but the refs were worried that wa...

Obama with a slight lead and early voting is under way. well continue to listen in and see if anything interesting pops up from these events and well bring it for you right more. president obama is bringing the course of happy football fan ace cross the country as real refs of the nfl return to the field. last night the league ironed out a new eight-year collective bargaining agreement that leaves the guys in stripes with a sweet deal. white house press secretary jay carney saying president ob...

To push through further austerity. there will be more austerity and more on the table today. the spanish prime minister tries to push the measure that these are homespun, homegrown reforms rather than ones pressured about it euro zone. in terms of what to expect, should be a new tax oversight body. well hear news about that today. limitations on early retirement. were seeing that across the euro zone. retirement ages are pushed higher and higher. new taxes on green house gas emissions and also o...

Pension for another five years. and they also were able to have more referees hired in not out of the existing pool that makes up their salary, and theyre going to have 25% raises for the duration of the contract over the next seven years. so they did very well for themselves. >> amazing that the -- steve ratner, we were just talking about the future of the league or this season hinged on a 401(k) plan. >> well, its so interesting because you compare this to the battles out in the midwest and el...

>> gretchen: 300 million. >> brian: i was thinking of myself. >> steve: the refs and apparently the nfl are only $3.3 million away. its a $10 billion industry, the national football league. >> brian: theyre talking about something weve talked about before. they dont want to switch pensions to 401(k)s. thats what is the biggest sticking point. weve talked about that. they say they want more certainty in their retirement. >> gretchen: you hear those refs right now, youre laughing all the way to th...