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Word: pensioneer (lookup in dictionary) (lookup stats)
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...council passed a policy order in support of a bill in the state legislature that would use the Commonwealth’s pension fund investments “to promote democracy and human rights in Burma...

Author: By Anita B. Hofschneider, CRIMSON STAFF WRITER | Title: Cambridge Council Votes on Gaza | 1/13/2009 | See Source »

Last year, pension plans of America's 1,500 largest companies lost more than $400 billion, mainly because of the collapse of the equities market in which the bulk of those plans are invested, according to a new report from Mercer, a financial-consulting firm. Pension plans are also being hit on the other side of the balance sheet, as shrinking yields on Treasury bonds expand the scope of their pension fund liabilities. Taken together, the double dose of bad news means companies will have to pony up as much as $70 billion in pension contributions in 2009 - up from...

Author: /time Magazine | Title: Pension Losses Could Whack 2009 Corporate Profits | 1/12/2009 | See Source »

...developments will further complicate matters for many companies struggling to survive in what is arguably the bleakest economic and financial crisis since the Depression. The true scope of the market's toll on pension plans will become apparent in the coming weeks, when companies release fourth-quarter and year-end earnings statements. In conference calls to investors and analysts, top corporate executives are likely to explain how they plan to handle the loss. Many will probably reduce sharply or even eliminate new benefits packages, cut wages and resort to more job cuts to recover the loss. It will also likely...

Author: /time Magazine | Title: Pension Losses Could Whack 2009 Corporate Profits | 1/12/2009 | See Source »

...Worker, Retiree and Employer Recovery Act signed by President Bush last month will help a bit by giving pension-plan sponsors more time to get a grip on asset losses. Even so, 2009 will present a costly pension-plan repair bill...

Author: /time Magazine | Title: Pension Losses Could Whack 2009 Corporate Profits | 1/12/2009 | See Source »

...Despite all the pension-plan woes, employees who have a defined-benefit plan aren't as exposed to the market's volatility as people invested primarily in 401(k) plans, experts say. Even in the event of a corporate bankruptcy, employees with defined-benefit plans are to some degree protected by the Federal Government's Pension Benefits Guaranty Corporation...

Author: /time Magazine | Title: Pension Losses Could Whack 2009 Corporate Profits | 1/12/2009 | See Source »

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