Latest Government pensions and social security News

Prosecutors: NYC investment adviser blamed in $5B fraud

May. 17, 2022 23:48 PM EDT

NEW YORK (AP) — Bus drivers, subway conductors and religious and charitable organizations nationwide lost over $5 billion when a COVID-induced stock market collapse crushed private investment funds linked to a financial industry giant, exposing a massive fraud, authorities said Tuesday. ...

Spanish govt proposes wider abortion rights, menstrual leave

May. 17, 2022 08:29 AM EDT

MADRID (AP) — The Spanish government approved a draft bill Tuesday that widens abortion rights for teenagers and may make Spain the first country in Europe entitling workers to paid menstrual leave. The measures are part of a package of proposals that will be sent to the Spanish...

Spain debates if menstrual leave policy will help or hurt

May. 12, 2022 12:58 PM EDT

MADRID (AP) — A government proposal that could make Spain the first country in Europe to allow workers to take menstrual leave has sparked debate over whether the policy would help or hinder women in the workplace. A leaked draft of new legislation that the Spanish Cabinet is...

Vermont GOP Gov. Scott vetoes pension reform legislation

May. 02, 2022 16:55 PM EDT

MONTPELIER, Vt. (AP) — Gov. Phil Scott vetoed a bill Monday that had given unanimous preliminary approval last week by both the House and Senate to reform the state’s pension system. In a sharply worded veto message on Monday, Vermont's Republican governor said he felt the...

Honduran economic zones in 'limbo' after government repeal

Apr. 30, 2022 11:51 AM EDT

TEGUCIGALPA, Honduras (AP) — A plan to create special self-governing zones for foreign investors in Honduras has been thrown into limbo with the new government's repeal of a law many criticized as surrendering sovereignty. The zones were inspired by libertarian and free-market...

Kansas lawmakers vote to use $1.1B to bolster pension system

Apr. 28, 2022 22:00 PM EDT

TOPEKA, Kan. (AP) — Kansas legislators have voted to commit more than $1.1 billion in surplus state funds to shoring up the state pension system for teachers and government workers. The Republican-controlled state Senate voted 26-10 on Thursday for a bill that would put the funds...

Cyber attack causes chaos in Costa Rica government systems

Apr. 22, 2022 14:20 PM EDT

SAN JOSE, Costa Rica (AP) — Nearly a week into a ransomware attack that has crippled Costa Rican government computer systems, the country refused to pay a ransom as it struggled to implement workarounds and braced itself as hackers began publishing stolen information. The...

Biden announces heavy artillery, other weapons for Ukraine

Apr. 21, 2022 19:17 PM EDT

WASHINGTON (AP) — President Joe Biden pledged an additional $1.3 billion Thursday for new weapons and economic assistance to help Ukraine in its strong but increasingly difficult battle against the Russian invasion, and he promised to seek much more from Congress to keep the guns, ammunition and...

Kansas expects $760M more in taxes; fight over cuts heats up

Apr. 20, 2022 23:49 PM EDT

TOPEKA, Kan. (AP) — A new Kansas fiscal forecast issued Wednesday predicted that inflation will boost state tax collections more than previously expected, intensifying the dispute between Democratic Gov. Laura Kelly and the Republican-controlled Legislature over how to cut taxes. ...

Kansas governor vetoes special pension measure for lawmakers

Apr. 20, 2022 12:57 PM EDT

TOPEKA, Kan. (AP) — Democratic Gov. Laura Kelly on Wednesday vetoed a measure tucked into a spending bill that would have allowed Kansas legislators to reconsider a decision not to join the state pension system for teachers and government workers. The state constitution gives...