Word: pension
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...children. As a 21-year-old college student who comes to Florida once yearly, I am expected to run to the beach, tan by the pool and generally kick back my polished feet and relax. Instead, I come to Florida and wonder about the people who preceded the pension checks, and whether we, too, are destined for deep loneliness down the road...
OUSTED. FRANKLIN RAINES, 55, as chairman and CEO of mortgage-finance giant Fannie Mae; days after the Securities and Exchange Commission found the company had violated accounting rules; in Washington. A former Clinton Administration official, Raines faces a possible fight over his severance benefits, which include a lifetime pension of more than $1.3 million a year...
Detractors point to the $27 billion drop in portfolio value between 2000 and 2003 as evidence that the CalPERS board has been distracted. However, the portfolio has gained $32 billion since 2003. Dr. Keith Richman, a Republican legislator, last week proposed privatizing the state-employee pension system and gradually abandoning the defined-benefits fund that CalPERS oversees...
TERMINATED: Why the feisty boss of the state's big pension fund lost...
Somerville’s mayor said earlier this month that he would veto a divestment plan, and the manager of the city’s pension fund said a Board of Aldermen resolution would legally have no effect on city investments...