Tag Archives: Pension

Budget Deal Hits Military Retirees with Pension Cuts, Federal Retirees Untouched

Military retirees will see a decrease in their pension plans if the bipartisan budget agreement is adopted, while civilian federal employees will be exempt. Under the¬†budget agreement¬†crafted by House Budget Committee Chairman Paul Ryan (R., Wisc.) and Senate Budget Committee … Continue reading

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Illinois OKs pension cuts in landmark reform

Illinois lawmakers approved a landmark pension reform package Tuesday that would cut retirement benefits for teachers, nurses and other retired and current state workers. The legislation comes after years of debate on how to fix the state’s ailing retirement system … Continue reading

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Labor Unions’ Idea of “Fair Share”

Detroit’s labor unions want their fair share from the bankrupt city of Detroit: an extra month’s pension check every year. This policy of redistributing people’s wealth started in 1985 and was stopped in 2008 after costing taxpayers an additional $1.92 … Continue reading

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Ben Bernanke’s Latest Casualty: The Pension Plan

With every passing day, the destructive consequences of Ben Bernanke’s ruinous monetary policy on the broader economy become more and more apparent. Nowhere is this more evident than the observation of a record high stock market – benefiting just a … Continue reading

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Illinois conservatives call for massive pension reform in wake of Democratic failure

Another example of Democrat greed and ignorance coming out of Illinois. The Illinois’ public pension system is almost $100 billion in debt. Union/state pensions are killing the economy and stealing from people who work in the private (real) sector. As … Continue reading

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Portugal Confiscates Private Pension Funds – Can It Happen in the United States?

Portugal has confiscated $7.5 billion of private pension funds (November 2, 2011) as a last ditch effort to meet deficit targets. This is the European model for introducing “austerity” programs: steal the wealth from the producers. This is not the … Continue reading

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