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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.)
  • UAW rejects Boeing C-17 labor offer as 'economically inferior'

    The aerospace union that represents an estimated 1,000 workers on Boeing Co.'s dying C-17 cargo jet program in Long Beach, Calif., rejected a proposed contract because of cuts to pension and medical benefits, union officials announced Thursday. The...

    Gansler says state will sue BP over alleged spill-related pension loss

    Gansler says state will sue BP over alleged spill-related pension loss
    Maryland's attorney general said Friday that his office is suing the oil company BP over alleged pension investment losses following the 2010 Deepwater Horizon. Douglas F. Gansler said in a statement that BP made "false and misleading statements...

    Local Voices, Apr. 17

    Influence of the wealthy In regard to your April 3 editorial supporting the Supreme Court decision to eliminate limits to total campaign contributions, I think your viewpoint is quite skewed. Where you say "Government policy is too important for those...

    Segarra Mum On Plan To Close Budget Gap

     Segarra Mum On Plan To Close Budget Gap
    City administrators are grappling with how to offset an estimated $44 million deficit as Mayor Pedro Segarra prepares to unveil his 2014-15 spending plan Monday. Early projections showed Hartford's expenditures for the upcoming fiscal year totaling...