'It's an impossible situation,' says Paul Crone, director of the National Association of Principals and Deputy Principals, of indefinite strike action
If we are serious about addressing the retirement crisis in America, corporations must be required to offer all of their workers a traditional pension plan that guarantees a monthly income in retirement.
"I urge trustees to look now at how they are outcome-focused, building scale, are data-led and supporting savers into retirement."
Just as a hidden and exceptionally costly Oakland property tax to pay for city employee pensions winds down after 45 years, officials are planning another levy to offset the cost of retirement benefits.
Chancellor Rachel Reeves' support of the Mansion House Accord risks over 30 million UK pensions by directing funds to opaque, high-cost investments.
"The survey of over 2000 UK adults highlights a significant misalignment between perceived knowledge and actual understanding of pension schemes, especially among younger adults."
To lower the cost of defence and transport spending, the UK Government is considering reducing tax reliefs, particularly on pensions and inheritance tax, as suggested by tax experts.
Labour Party spokesperson Ciarán Ahern emphasized that this announcement reflects a significant breakthrough for over 2,600 CIE pensioners who have faced stagnant benefits for 17 years.
