LINCOLN, Neb.-- Veterans' groups told lawmakers Thursday that Nebraska's tax on military retirement pay is driving people out of the state, while some lawmakers questioned whether the losses are influenced more by warmer climates and family connections elsewhere.
TAIPEI, Taiwan-- Taiwan President Ma Ying- jeou has announced a wide-ranging pension reform plan, cutting payouts to government retirees of between 75 and 80 percent of their salaries from the current level of 90 to 100 percent. Ma said Wednesday that Taiwan's aging population has pushed up pension payouts much faster than expected.
The share of Americans 65 and older in the labor force went from 12.1 percent in 1990 to 16.1 percent in 2010, according to new analysis of Census data released Thursday, which experts chalk up to a national economy relying increasingly on older Americans — especially women — working part time to bolster their retirement savings.
BATON ROUGE, La.-- Louisiana Gov. "Because the Legislature did not pass this by a two-thirds majority, I think it's invalid," said state District Judge William Morvant in Baton Rouge. Jindal, who was out of town for a national Republican Party speech, issued a statement pledging to appeal Morvant's decision, an appeal that will go directly to the Louisiana Supreme Court.
WASHINGTON, Jan 16- A business group of top executives on Wednesday proposed reforms to Social Security and Medicare that would raise the enrollment age for both programs to 70 but not raise Social Security taxes paid by upper-income Americans.
WASHINGTON, Jan 16- If you like your 401 retirement savings account, you're going to love what healthcare reform does to your employer-provided health care plan.
WASHINGTON, Jan 15- States are not alone in racking up massive public pension bills: U.S. cities need hundreds of billions of dollars to make good on their promises of retirement healthcare and income to workers. Omaha, Nebraska, Portland, Oregon and Providence, Rhode Island were all at 50 percent or below.
WASHINGTON, Jan 15- AARP, the powerful lobbying group for older Americans, urged political leaders on Tuesday to pursue so-called entitlement reform as part of a wide-ranging discussion about healthcare costs and retirement security rather than as a narrower deal on deficit reduction.