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08.27.2008 4:59 pm

Boeing drops pension proposal in union talks

St. Louis Post-Dispatch

When Boeing announced that it was phasing out its pension plan for new non-union workers, company officials said they would propose the same change to Boeing’s unions. Well, they’ve done that with the largest union — the Seattle-based International Association of…

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06.24.2008 2:49 pm

Boeing dumps pension for new hires

St. Louis Post-Dispatch

Looks like Boeing has joined the many companies who are de-emphasizing traditional pensions in favor of 401k plans. A company news release says that nonunion workers hired after Jan. 1, 2009, will join a new defined-contribution savings plan. Boeing will seed…

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06.05.2008 2:49 pm

Want a better retirement? You’ll have to work longer

St. Louis Post-Dispatch

Much of the retirement debate has focused on shoring up Social Security, saving the traditional pension plan and getting more workers to open Individual Retirement Accounts.  Those all are important discussions, but both a new book and a McKinsey study point…

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05.02.2008 2:01 pm

Forbes gets MOSERS’ stance wrong

St. Louis Post-Dispatch

Forbes has a provocative piece on the movement to pull public pension money out of companies that do business with Iran. Trouble is, one of its key examples appears to be wrong.

Forbes leads with a discussion of StatoilHydro, a…

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04.24.2008 10:14 am

Retiree health care is $24 billion issue for Illinois

St. Louis Post-Dispatch

Illinois is estimating its liability for retiree health care at $24 billion, the Bond Buyer reports. All states have to include such liabilities in their financial statements this year under a new accounting rule.

The number is much lower than the…

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04.08.2008 11:09 am

Corporate pensions fall into the red

St. Louis Post-Dispatch

In just three months, big companies’ pension plans have gone from collectively overfunded to slightly underfunded. So says a new study by Mercer Human Resource Consultingwhich looked at plans for 1,500 large companies.

The pensions’ funded status fell by…

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02.28.2008 11:02 am

Texas adopts soft divestment policy

St. Louis Post-Dispatch

The Employee Retirement System of Texas, responding to pressure from the governor and state legislators, has adopted a policy on socially motivated divestiture requests. But it appears that the policy doesn’t actually require the pension fund to sell anything. The…

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02.04.2008 9:18 am

What ever happened to the underpaid public servant?

St. Louis Post-Dispatch

Pay and benefits gains for government workers are far outpacing those in the private sector, according to a USA Today analysis. It’s largely because pensions and retiree medical coverage, which are endangered species at private companies, remain gold-plated benefits in the public sector. The…

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01.14.2008 11:39 am

Chicago addresses $10 billion pension gap

St. Louis Post-Dispatch

Chicago has appointed a commission to address pension problems that dwarf those in St. Louis. According to the Sun-Times, Chicago faces $10 billion in unfunded pension liabilities, and that’s without counting obligations for retiree healthcare.

Chicago’s new commission is supposed to…

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12.19.2007 9:30 am

State benefits cost $2.73 trillion

St. Louis Post-Dispatch

State governments have promised $2.73 trillion worth of retirement benefits to their employees, according to a new study by the Pew Charitable Trusts.   They have set aside about $2 trillion to cover those benefits, leaving a funding gap of $731…

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