BY
January 21, 2021
Efforts to address the funding crisis facing multiemployer pension plans, as well as provide single employer funding relief, just got a big boost from a key member of Congress.
House Ways & Means Committee Chairman Richard Neal (D-MA) on Jan. 21 introduced the Emergency Pension Plan Relief Act of 2021 (EPPRA), which is an updated version of the Butch Lewis Act and the first piece of legislation Neal introduced in the new 117
th Congress, signaling the importance of the issue to him.
“The workers and retirees enrolled in these failing plans did everything right they put away money year after year to save for their futures, even forgoing pay raises to do so,” Chairman Neal said in a statement announcing the introduction of the legislation.
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The Dow took a breather but the rest of Wall Street nudged up to record closing highs on optimism about future stimulus under the new Biden administration.
Blue chips fizzled into the close to end down 12 points. The S&P 500 crept up 1 point and the Nasdaq jumped 73 points - enough for both to log new closing highs into the record books.
Tech outperformed on Thursday as investors looked for a safe place to hide in a choppy session, says Terence Gabriel. He s the Stocks Buzz analyst at Thomson Reuters. A lot s been built in, so it does seem to be a moment where certainly what have been the winners, some of these value stocks, financials, energy, small caps, they re stumbling where the market is rotating a bit back into some of those sort of bigger cap growth stocks that it feels may be a sort of safer area to concentrate on when you have suddenly uncertainty creeping back in here.
KU’s institute approves early retirement of employee over misbehaviour
Karachi
January 21, 2021
The administration of the HEJ Research Institute of Chemistry, which is part of the University of Karachi’s International Centre for Chemical and Biological Science (ICCBS), has approved early retirement of one of its employees during a disciplinary action over charges of misbehaving with a female scholar.
The decision was taken on recommendations of a four-member inquiry committee authorised to investigate the complaint filed by a faculty member. According to a letter issued by the ICCBS on January 15, the committee extensively investigated the case and concluded that the employee’s behaviour with his colleagues and seniors was not appropriate.
Professionals and non-salaried individuals looking to build a retirement kitty with equity exposure can consider partial allocation to the new fund offer of SBI Retirement Benefit Fund through systematic investment plans (SIPs).
Vietnamese filmmakers and those from Mongolia, South Asia and Southeast Asian countries have the opportunity to get remote consultancy with an international expert through the Locarno Film Festival.