Latest Government pensions and social security News

NOT REAL NEWS: A look at what didn't happen this week

Aug. 05, 2022 12:24 PM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Posts mislead on signatures,...

French lawmakers OK $20.3 billion to help with rising prices

Aug. 03, 2022 14:08 PM EDT

SAULIEU, France (AP) — French lawmakers on Wednesday approved a 20 billion-euro ($20.3-billion) package of measures to help struggling households cope with rising energy and food prices. The 395-to-112 vote came after a heated debate at the National Assembly, where French...

Rejected by courts, retirees take last shot to save pensions

Jul. 28, 2022 10:48 AM EDT

WASHINGTON (AP) — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of General Motors Corp., and expected to retire with a comfortable income by the time he hit 62. ...

New Mexico tax changes benefit lower-income residents

Jul. 20, 2022 00:11 AM EDT

SANTA FE, N.M. (AP) — The tax burden for funding state government and public schools in New Mexico is shifting slightly toward wealthier residents as the state stops collecting taxes on most Social Security benefits. The Legislature's budget and accountability office estimates that...

Correction: Cryptocurrency-Pensions story

Jul. 13, 2022 18:17 PM EDT

MINNEAPOLIS (AP) — In a story published July 10, 2022, about pension funds that have invested in cryptocurrencies in recent years, The Associated Press listed two different values for the same cryptocurrency purchase by the Houston Firefighters Relief and Retirement Fund. The correct amount is...

New Mexico school trust feels pressure; voters weigh changes

Jul. 07, 2022 17:20 PM EDT

SANTA FE, N.M. (AP) — State investments are being buffeted by turbulent financial markets as New Mexico voters consider whether to divert more money each year toward early childhood education programs. A report Thursday from the Legislature's budget and accountability office shows...

Biden in Ohio spotlights effort to rescue union pensions

Jul. 06, 2022 17:34 PM EDT

CLEVELAND (AP) — Reassuring frustrated blue-collar voters, President Joe Biden on Wednesday visited Ohio iron workers to highlight federal action to shore up troubled pension funding for millions now on the job or retired — and to make his political case that he's been a champion for workers in...

Biden to Ohio, spotlighting rescued pensions for millions

Jul. 06, 2022 11:29 AM EDT

WASHINGTON (AP) — Seeking to boost his standing with frustrated blue-collar voters, President Joe Biden on Wednesday will use the backdrop of a union training center in Cleveland to tell workers his policies will shore up troubled pension funding for millions now on the job or retired. ...

Puerto Rico board approves budget as legislators quibble

Jul. 01, 2022 13:31 PM EDT

SAN JUAN, Puerto Rico (AP) — The federal control board that oversees the finances of Puerto Rico’s government approved a $12.4 billion general fund budget Thursday for the U.S. territory after legislators failed to approve one amid intense bickering. The board’s version of the...

Petro faces challenges to deliver Colombians promised change

Jun. 20, 2022 18:43 PM EDT

BOGOTA, Colombia (AP) — Colombia for the first time elected a leftist as president, but the slim victory is a cue that a large portion of the country rejects the ambitious proposals of Gustavo Petro, who will have to consider their concerns and negotiate with a divided Congress to deliver on...