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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.)
  • Britain to detail pensions overhaul with tax, annuity reforms

    LONDON (Reuters) - Britain will on Monday publish new rules for the pensions industry giving retirees greater access to their savings and free financial advice, fleshing out reforms announced earlier this year that shook the share value of British...

    Five questions for financial gerontologist Cyndi Hutchins

     Five questions for financial gerontologist Cyndi Hutchins
    As baby boomers ebb out of the workforce and into retirement, financial advisers are helping wind down their clients' careers by preparing them for soon-to-be-reduced incomes. Meet Cyndi Hutchins, Bank of America Merrill Lynch's director of financial...

    Tax breaks for veterans unfair to other retirees [Letter]

    Tax breaks for veterans unfair to other retirees [Letter]
    As a 67-year-old retiree living in Maryland my whole life I am sick and tired of politicians picking winners and losers ("Hogan tells veterans he would eliminate state income tax on military pensions July 16). As one of the tens of thousand of Bethlehem...

    Longtime Bloomfield Manager Agrees To Leave Delray Beach Post

    Louie Chapman, who spent nearly 20 years as Bloomfield's town manager, has left his job as city manager of Delray Beach, Fla., after just over a year. Chapman, who left Bloomfield in March, agreed last week to vacate the Delray Beach position after...