N.J. Senate Passes Measures to Close Pension Deficit (Update2)
New Jersey’s Senate passed a package of bills aimed at closing a $34.4 billion hole in the state pension by excluding part-time workers from the system, reducing benefits and forcing teachers to pay more for health care.
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BT pension woe overshadows Q3 results
A looming and potentially lengthy row over pensions at BT overshadowed solid third-quarter results from the former state-owned British telecoms company, sending its shares to a six-month low on Thursday.
Read more on Reuters via Yahoo! UK & Ireland News
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Nortel retirees welcome Ontario pension rescue
(In U.S. dollars unless noted)
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Delphi salaried retirees take pension hit
For 30 years, Dale Richards worked in the automotive industry at the General Motors parts plant in Oak Creek. Now, Richards and thousands of other Delphi salaried retirees could see their monthly pension checks cut between 30% and 70%.
Read more on Milwaukee Journal Sentinel
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