THE global economic order is changing. PwC’s latest forecast for the world economy in 2050 shows the rise of emerging markets is expected to continue over the next few decades, even as questions loom over the future of trade and what a stronger dollar could mean for these countries in the next few years.
Category: Pension
Will change in Washington bring help to ailing multi-employer pension funds?
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Illinois Senate vows swift action on ambitious budget plan
If last week’s action is any indication, the Democratic and Republican leaders of the Illinois Senate are serious about attempting to bust the state’s 18-month budget deadlock – quickly. Democratic Senate President John Cullerton and Minority Leader Christine Radogno negotiated an ambitious, multi-part plan to end a nearly two-year battle between Democrats and GOP Gov. Bruce Rauner, which has forestalled an agreed-upon annual state spending plan since 2015.
Comments
A story widely shared online that claims President Barack Obama’s mother-in-law will receive a lifetime government pension is false. The post published by The Boston Tribune, a satire website that mimics an actual news publication, is headlined “First Grandma Marian Robinson to Receive Lifetime $160K Government Pension.”
Letter writer argues politicians cause excessive pensions
There are some very good points in the Dec. 22 editorial, “CalPERS keeps loading taxpayers with pension debt,” but editorial writers missed why CalPERS cannot get the high income rates that they have used before. This is mostly because of our lagging economy in the last few years.
What the U.S. can learn from Norway about retirement
During his first TV debate with Hillary Clinton for the Democratic nomination, Sen. Bernie Sanders remarked: “We should look to countries like Denmark, like Sweden and Norway and learn from what they have accomplished for their working people.” Clinton didn’t buy it.