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Pension and Welfare

A collection of news and information related to Pension and Welfare published by this site and its partners.

Top Pension and Welfare Articles see all

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  • News of the Weird: A Piece of the Action

    News of the Weird: A Piece of the Action
    “Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
  • With court's approval, Detroit emerges from bankruptcy

    With court's approval, Detroit emerges from bankruptcy
    Detroit emerged Friday from the nation’s largest municipal bankruptcy with a life line as it seeks to recover from an ocean of debt and mismanagement that threatened to drown the onetime symbol of U.S. industrial might. The court approval of the...

    Some Virginia lawmakers turn an $18,000 salary into a $55,000 pension

    Some Virginia lawmakers turn an $18,000 salary into a $55,000 pension
    Earlier this summer, Bob Brink paused for a memory from his first days in the General Assembly "A few weeks before I was sworn into office in 1998 … I took a walk around the Capitol and I stopped outside the House chamber. The curtains were...

    State drops pension case against Naperville police chief

    State drops pension case against Naperville police chief
    Naperville's top cop will continue to collect both a police pension and his chief's salary. State officials confirmed Thursday they have dropped their legal battle with Chief Bob Marshall. "We felt it was important and appropriate to make our argument...

    Voters face teacher pension question on ballot

    Voters face teacher pension question on ballot
    A contract with teachers has been approved in Hinsdale Township High School District 86, but the dust has far from settled. One result of nearly a year of fractious negotiations between the teachers and the district is that voters will have the chance...