Latest Government pensions and social security News

California pension fund wants to join Facebook lawsuit

Aug. 20, 2019 5:18 PM EDT

SACRAMENTO, Calif. (AP) — California's teacher pension fund says it wants to join a lawsuit seeking to change Facebook's corporate governance practices. The California State Teachers' Retirement System said Tuesday it will ask a judge to be added to a pending lawsuit against Facebook's leadership, which...

Liz Weston: What millennials get wrong about Social Security

Aug. 19, 2019 8:40 AM EDT

Few issues unite millennials like the future of Social Security. Overwhelmingly, they're convinced it doesn't have one. A recent Transamerica survey found that 80% of millennials, defined in the survey as people born between 1979 and 2000, worry that Social Security won't be around when they need it. That's not...

Millennial Money: How to outsmart smartphone scammers

Aug. 13, 2019 11:05 AM EDT

Your smartphone is your confidante, your hand-held connection to the world — and one of your biggest vulnerabilities. Scammers can take advantage of day-to-day tasks that seem innocuous, like checking a bank balance or charging a phone at a public USB port, to exploit personal information for their profit....

Alabama man accused of faking death pleads guilty to fraud

Aug. 12, 2019 9:32 AM EDT

BIRMINGHAM, Ala. (AP) — An Alabama man accused of faking his death and fleeing to Thailand to avoid a trial on child sex charges has pleaded guilty to social security fraud and aggravated identity theft. News outlets report 28-year-old Jackson Matthew Hall entered the plea Friday. A U.S. Attorney's Office...

Kentucky pension law seen as 'negative' for credit rating

Aug. 5, 2019 6:17 PM EDT

FRANKFORT, Ky. (AP) — Kentucky's new pension law looms as a "negative" for the state's credit rating, according to a credit rating agency's report. Gov. Matt Bevin, who urged lawmakers to enact the law, said Monday he wasn't surprised by the Moody's report, saying it backs up his claims that considerably...

One hack, 106 million people: Capital One ensnared by breach

Jul. 30, 2019 6:57 PM EDT

SEATTLE (AP) — A hacker accessed the personal information of 106 million Capital One credit card holders or credit card applicants in the U.S. and Canada, in the latest massive data breach at a large company. Capital One Financial Corp., one of the nation's largest issuers of credit cards, said among the...

Capital One target of massive data breach

Jul. 29, 2019 11:29 PM EDT

SEATTLE (AP) — A hacker gained access to personal information from more than 100 million Capital One credit applications, the bank said Monday as federal authorities arrested a suspect in the case . Paige A. Thompson — who also goes by the handle "erratic" — was charged with a single count of...

Liz Weston: Don't be duped by these phone and email scams

Jul. 29, 2019 9:03 AM EDT

Some of us in the personal finance realm have a weird little hobby: We try to scam the scam artists. We're not out to steal their money — just their time. When fraudsters call to say we're about to be arrested for tax debt, our Social Security number has been "suspended," or a loved one is in trouble, we...

AP FACT CHECK: Some inconvenient truths for 2020 Democrats

Jul. 29, 2019 12:26 AM EDT

WASHINGTON (AP) — The Democratic presidential contenders have some inconvenient truths to grapple with. It's not easy, for example, to summon foreboding words on the economy — accurately — when the U.S. has been having its longest expansion in history. Health care for all raises questions of...

Zimbabwe's tourism minister in court on graft charges

Jul. 26, 2019 1:36 PM EDT

HARARE, Zimbabwe (AP) — Zimbabwe's tourism and environment minister on Friday was charged with criminal abuse of duty in the first corruption case against a sitting Cabinet minister since President Emmerson Mnangagwa took office in late 2017. Prosecutor Michael Reza alleged that Prisca Mupfumira received...