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New state pension top-up looks value: Workers can spend £22,250 to boost their annual retirement inc

state pension top-up looks good value: Workers can spend £22,250 to boost annual retirement income by £1,300A Government initiative allowing retirees to buy extra state pension income could prove to be good value for people when they get unrestricted access to their pension pots next year, calculations have shown.Pensioners who want to buy themselves extra state pension under a new government initiative...
Source : dailymail |
Category : Business

Capital gets own pension treasury office after 30 yrs

has been inaugurated at East Fort. Health minister V S Sivakumar inaugurated the newly constructed office building here on Wednesday.Earlier, the pension treasury functioned in a small room at Uppalam Road in Statue Junction. Among the seven pension treasuries in the state, this was the only one that functioned in a rented building. Over 16,000 pensioners availed the service from the small office with...
Source : Times Of India |
Category : City | City : Raipur

McKesson Changes Executive Compensation Program

Medical-products distributor McKesson Corp. said it made more changes to its executive compensation programs and its chief executive voluntarily reduced his pension benefit, after activist investors complained about the company's pay structure.CEO John H. Hammergren will reduce his pension benefit by $45 million, which McKesson said Friday will eliminate the volatility of pension benefit calculations,...
Source : WSJ |
Category : Others

£1,500 windfall for over-60s thanks to loophole in new pension laws

trick, which has been confirmed by accountants and is legal, involves collecting the tax relief by withdrawing a pension pot multiple timesMillions of people over 60 could get a £1,500 windfall from the Treasury because of an extraordinary loophole in new pension laws.Changes in this month’s Budget, effective from Thursday, allow pensioners to cash in small pension pots worth up to £10,000.But the...
Source : dailymail |
Category : International

Treasury Sees Borrowing $284 Billion this Quarter

WASHINGTON—The U.S. Treasury Department lifted its borrowing expectations for the January-March quarter, a calculation that assumes Congress will raise the debt limit.The Treasury Department estimated Monday it will issue $284 billion in net marketable debt from January to March, $19 billion more than it projected three months ago. That would...
Source : WSJ |
Category : Others

US Treasury Secretary says final debt tools being used to avoid debt ceiling

Treasury Jacob Lew addresses the fall breakfast of the Economic Club Sept 17, 2013 in Washington, DC. Treasury Secretary Jacob Lew says that he has now begun using all the extraordinary measures at his disposal to avoid hitting the debt ceiling. -- FILE PHOTO: AFPWASHINGTON (AP) - Treasury Secretary Jacob Lew says that he has now begun using all the extraordinary measures at his disposal to avoid hitting...
Source : Straits Times |
Category : Business

Poland debates controversial pension reform

WARSAW, Poland (AP) — Poland's government has opened a debate Friday on a controversial plan to transfer part of pension savings from private funds to a state account.The government argues it would reduce risk for pension savings, but critics say the state wants the money on its books to make up for an unexpected deficit in public accounts.Under the plan announced late Thursday, private pension funds...
Source : News Times |
Category : Business

Detroit strikes two deals over city worker pensions- Nearly half of likely Michigan voters oppose De

Detroit strikes two deals over pensions with police, firefighters, other former employeesApril 1, 2014: Protestors against deeper cuts in pensions march in front of the Theodore Levin Federal Courthouse in Detroit. (AP Photo/Detroit Free Press, Mandi Wright, File)The city of Detroit reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments...
Source : Fox News |
Category : Headlines

ALEX BRUMMER: Ed Balls declares war on pensions

least Ed Balls is consistent. In 1997 the Shadow Chancellor, then Gordon Brown’s chief economic adviser at the Treasury, was one of the architects of a policy that abolished the tax relief on dividends paid to occupational pension funds.The result was to deprive Britain’s best-in-class final salary pension schemes of tens of billions of pounds of income, destroying a system under which millions of...
Source : dailymail |
Category : Business

DAILY MAIL COMMENT: Can the Tories revive our faith in pensions?

Balls says, if elected, he will cut tax relief on the pension contributions of 'the highest earners'When Gordon Brown became Chancellor in 1997, his first act was to loot the pensions of millions of British workers.Backed by his then chief economic adviser Ed Balls and special Treasury adviser Ed Miliband, he launched an audacious tax raid which sucked £6billion a year from retirement savings built...
Source : dailymail |
Category : International