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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.)
  • Why Congress needs to reform multi-employer pension plans now

    CHICAGO (Reuters) - The window is closing on our last best chance to protect the pensions of 10 million American workers and retirees. These workers are in multi-employer plans - traditional defined benefit pension plans jointly funded by groups of...

    Gov. Tom Corbett on defense over school spending

    As polls have predicted for more than a year, education funding has become the most tangible issue for voters in the upcoming governor's election. The candidates know it, as evidenced by commercials and news conferences across Pennsylvania. For the...

    Rising pension costs loom over new Huntington budget

    Huntington Beach's finance department forecast another balanced budget for the coming fiscal year, though it reminded City Council members of rising costs of unfunded liabilities, mostly for city employee pensions. It's the city's second consecutive...

    Detroit, Syncora fight over casino money in appeals court-report

    (Reuters) - A federal appeals court panel heard arguments on Wednesday between Detroit and one of its last hold-out creditors over casino tax revenue, with one of the judges promising a careful consideration of the case, the Detroit News reported. The...