LINCOLN, Neb.-- Nebraska lawmakers on Tuesday overrode Gov. Dave Heineman's veto of a public-employee retirement bill, holding in place a deal that was struck to shore up the retirement plans of teachers, judges and state patrol troopers.
CHICAGO, May 15- Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. "It's good news, because it means healthcare inflation is below the cost of overall inflation- and that doesn't happen often," says Sunit Pate, senior vice president of Fidelity's benefits consulting group.
Dave Heineman issued his first veto of the session on Monday, rejecting an increase in the state's contribution to underfunded teacher and school employee retirement plans.
Mary Fallin has vetoed a bill that would have given state workers the option of enrolling in a defined contribution retirement plan similar to a 401. The bill by Oklahoma City Republican Rep.
NEW YORK, May 8- When Barbara Grover and her husband received an inheritance they were not expecting five years ago, they planned a luxurious family trip. Rather than plowing the money back into retirement savings, the Grovers took their two daughters as well as their spouses and children along on an eight-day safari in Tanzania.
RIVERSIDE CA, May 7- California's public pension fund said on Tuesday that the bankrupt city of San Bernardino has a lot more cash than it had previously disclosed and more than enough money to pay off its debts to the retirement system.
JOHANNESBURG, May 7- Sasol Ltd:. *Says Sasol Group executive announces retirement. *Says lean strauss, executive for international energy, new business.
May 6- Health problems and the cost of healthcare are the biggest concerns for those entering retirement, according to a study released on Monday from Bank of America Corp's Merrill Lynch. The study, co-conducted with research firm Age Wave, divided respondents into those that have more than $250,000 in investable assets and those that have less than $250,000.
TOKYO, May 5- Japan's Sharp Corp is considering having its chairman, Mikio Katayama, retire and also scrapping advisory posts as part of efforts to speed up a business revival under its president, Takashi Okuda, Kyodo news agency reported on Sunday.
*Savings worth 4.8 billion euros by 2015. By Andrei Khalip and Daniel Alvarenga. LISBON, May 3- Portugal plans to raise the retirement age by one year to 66 and make public sector employees work an extra hour per day as part of an array of new spending cuts needed to slash the budget deficit and meet its bailout targets.
May 3- Sonde Resources Corp:. *Announces retirement of president and chief executive officer. *Jack Schanck, president and chief executive officer, has formally notified.
PARIS, May 2- Nearly two thirds of French support pension reform that includes raising the retirement age, a poll showed on Thursday, indicating the public would be willing to accept more drastic change than President Francois Hollande has proposed.