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Showing blog posts tagged with pension

N.J. AFL-CIO: Pension System Could Net $87M if N.J. Makes Payment in July

N.J. AFL-CIO: Pension System Could Net $87M if N.J. Makes Payment in July

New Jersey State AFL-CIO President Charles Wowkanech expressed the federation’s support for a proposal by the state’s Senate President Stephen Sweeney and Assembly Speaker Vincent Prieto calling on Gov. Chris Christie to make the state’s annual pension payment at the start of the fiscal year, rather than waiting until the end of the year.

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Pension Expert: Wall St. Fees a Losing Investment for N.J. Taxpayers

The $1.5 billion in fees the state of New Jersey paid to Wall Street pension fund managers over the past five years was an unwise use of taxpayer money, concludes a nationally known investment expert who analyzed pension investment returns and fund management fees.

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Thank You, Chris Christie: Winners and Losers of the Week

Thank You, Chris Christie: Winners and Losers of the Week

In our regular weekly feature, we'll be taking a look at the winners and losers of the week in the struggle for the rights of working families. The winners will be the persons or organizations that go above and beyond to expand or protect the rights of working families, while the losers will be whoever went above and beyond to limit or deny those rights.

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N.J. AFL-CIO Proud to Be Part of Pension Funding Fight Before State Supreme Court

N.J. AFL-CIO Proud to Be Part of Pension Funding Fight Before State Supreme Court

The New Jersey State AFL-CIO is proud to stand shoulder to shoulder with our affiliated public employee unions in the fight for state pension funding before the New Jersey Supreme Court.

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Judge Tells Christie: Obey the Law and Fund Pensions

 A New Jersey Superior Court Judge has taken Gov. Chris Christie to task in a ruling that forces him to contribute his share to the New Jersey state pension system, just as public workers have been doing all along.

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White House Moves to Close Retirement Advice Loophole

White House Moves to Close Retirement Advice Loophole

The Obama administration today took the first step to close a loophole in the rules that govern Wall Street brokers and financial firms that provide retirement investment advice. That loophole can drain away thousands, or even tens of thousands, of dollars of hard-earned savings from a single retirement account.

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Time to Close Wall Street’s ‘Retirement Advice Loophole’

Alliance for Retired Americans photo

There is a loophole in the rules that govern Wall Street brokers and financial firms that provide retirement investment advice that can drain away thousands, or even tens of thousands, of dollars of hard-earned savings from a single retirement account. Today, a coalition of senior, union and consumer groups launched a new website—SaveOurRetirement.org—to mobilize support to close the “Retirement Advice Loophole” through a new rule the U.S. Department of Labor is trying to adopt.

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Here’s What We’re Reading: Thursday News Roundup

Photo via carmelrowley.com.au/blog

Here are some headlines from the working families’ news we're reading today (after the jump).

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4 Key Reasons Why Dan Sullivan Is One of the Worst Candidates for Working Families in the 2014 Elections

4 Key Reasons Why Dan Sullivan Is One of the Worst Candidates for Working Families in the 2014 Elections

It's an election year and we are quickly approaching the time when working families will have the opportunity to go to the polls and vote against a whole host of extreme candidates who support policies that limit rights, make it even harder to afford a middle-class life and pad the pockets of their corporate buddies. One of the "Worst Candidates for Working Families in the 2014 Elections" is Dan Sullivan, who is running for U.S. Senate in Alaska.

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In Stockton, Calif., Investment House Franklin Templeton Eviscerates Pensions

Photo courtesy Steve Rhodes on Flickr

In the Los Angeles Times, Michael Hiltzik lays out the tale of how investment house Franklin Templeton Investments is attempting to gut the pensions of 2,400 retirees from the city of Stockton. The city has been involved in bankruptcy proceedings recently, and Franklin Templeton is trying to further cut pensions that already have faced cuts in recent years.

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