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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

Displaying items 1-5
  • 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.)
  • Hollywood challenging extra pension checks sent to retirees last year

    Hollywood challenging extra pension checks sent to retirees last year
    Retired cops, firefighters and City Hall employees sometimes get an extra payday known as the 13th check. It comes each year the pension funds have robust earnings and has ranged from $200 to more than $26,000. But it comes at a cost to taxpayers: The...

    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...

    Highland Park mayor picks new council member

     Highland Park mayor picks new council member
    Mayor Nancy Rotering will appoint Michelle Holleman, a communications professional with pension expertise, to the Highland Park City Council on July 28 pending council approval. Holleman will fill the seat vacated by former council member David...

    The risk as proud Scots mull splitting from the UK

    The risk as proud Scots mull splitting from the UK
    Across the pond, the pleated skirts and tartan kilts are all aflutter: Come Sept. 18, Scottish voters will decide whether to sever the 307-year-old union that binds them to England, Wales and Northern Ireland. Owing to ancestry, tribalism, grudges or...