(Bloomberg) — California Public Employees’ Retirement System, the largest public pension fund in the U.S., said it plans to vote for a shareholder proposal that Berkshire Hathaway Inc. replace billionaire Warren Buffett as chairman. The fund has over $450 billion in assets under management and about $2.3 billion in Berkshire shares, it said in a […]
Read MoreRise of early retirement threatens pension poverty timebomb Boris Johnson came out fighting at Prime Minister’s Questions in the Commons last week. The besieged premier chose the jobs market as one of his battlegrounds. “We have more employees on the payroll now than before the pandemic began, and youth unemployment is at a record low,” […]
Read MoreWell, the geniuses running the world’s top pension funds did it again. Once again they managed to avoid investing in the things they should have been investing in, while investing in things they shouldn’t have been investing in — with the all-too-predictable result that the insight you really wanted to hear a year ago wasn’t a list […]
Read MoreLump-Sum vs. Regular Pension Payments: An Overview So you are on the verge of retirement, and you are faced with a difficult choice regarding the defined-benefit pension plan you are fortunate enough to have: Should you accept the traditional, lifetime monthly payments or take a lump-sum distribution instead? Understandably, you might be tempted to go with the […]
Read MorePension vs. Social Security: An Overview There are many different types of income that retired folks draw on, depending on what their life was like during their working days. Two of the most widely-known income streams today include pensions and Social Security, two programs funded and structured in totally different ways. Pensions are typically workplace retirement plans, in […]
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