Latest Government pensions and social security News

Liz Weston: Will you get what Social Security promises?

Oct. 21, 2019 9:13 AM EDT

The Social Security Administration will happily forecast your future monthly retirement check. Trouble is, it's often off the mark. Understanding the sometimes-flawed assumptions underlying the estimate can help you make smarter decisions about when to claim your benefit. First, of course, you should know how to...

Today in History

Oct. 19, 2019 12:01 AM EDT

Today in History Today is Saturday, Oct. 19, the 292nd day of 2019. There are 73 days left in the year. Today's Highlight in History: On Oct. 19, 1987, the stock market crashed as the Dow Jones Industrial Average plunged 508 points, or 22.6 percent in value (its biggest daily percentage loss), to close at...

Excerpts from recent editorials in newspapers in Illinois

Oct. 15, 2019 3:47 PM EDT

October 13, 2019 Chicago Sun-Times A smart way to grow police and fire pensions across Illinois A state mired in pension debt at all levels can't miss a chance to fix at least part of the problem. Consolidating downstate and suburban police and firefighter pensions - an idea supported by Gov. J.B. Pritzker -...

Wages, pensions, plant investments still issues in GM strike

Oct. 14, 2019 7:02 PM EDT

DETROIT (AP) — With the strike by factory workers against General Motors in its 29th day, there are signs that negotiators may be moving toward an agreement. After both sides exchanged barbs late last week, bargainers met late into the night during the weekend, and they've returned in the morning, talking...

Michigan ends pension contract over investor's comments

Oct. 14, 2019 1:03 PM EDT

LANSING, Mich. (AP) — The state of Michigan's retirement systems have ended a contract with an investment company that managed more than $600 million in pension funds after the CEO made "completely unacceptable" comments at a conference. The Michigan Department of Treasury's Bureau of Investments fired...

High court to consider state role in prosecuting immigrants

Oct. 14, 2019 1:32 AM EDT

WICHITA, Kan. (AP) — Donaldo Morales caught a break when federal prosecutors declined to charge him after he was arrested for using a fake Social Security card so he could work at a Kansas restaurant. But the break was short-lived. Kansas authorities stepped in and obtained a state conviction that could...

About 2,000 workers prepare to strike against miner Asarco

Oct. 12, 2019 11:11 AM EDT

About 2,000 workers at copper producer Asarco are preparing to picket in Arizona and Texas after voting to strike. The United Steelworkers said late Friday that workers rejected the latest contract offer from the subsidiary of Grupo Mexico. The union said the offer included no wage increase for nearly two-thirds...

Court: AG must rewrite 'misleading' pension ballot measure

Oct. 11, 2019 7:53 PM EDT

PORTLAND, Ore. (AP) — Attorney General Ellen Rosenblum must redraft the misleading title and explanation that her agency wrote for a proposed ballot measure that seeks to prohibit government employers from taking on any new pension debt, the Oregon Supreme Court ordered this week. The Justice Department is...

Has your newborn's identity already been stolen?

Oct. 11, 2019 7:03 AM EDT

Imagine discovering that your newborn's brand new Social Security number has already been used to construct what Eva Velasquez, president and CEO of the Identity Theft Resource Center, calls a "Frankenstein monster of identity." Parents may discover their newborn's tarnished Social Security number when they try...

Retiree checks to rise modestly amid push to expand benefits

Oct. 10, 2019 2:50 PM EDT

WASHINGTON (AP) — Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection. The increase amounts to $24 a month for the average retired...