Latest Government pensions and social security News

Kentucky pension systems outline future budget needs

Sep. 22, 2021 11:10 AM EDT

FRANKFORT, Ky. (AP) — Kentucky's state pension systems are expected to need nearly $4.6 billion from the next two-year state budget, mostly to cover pension debts, officials told lawmakers. The largest share will go to the Teachers’ Retirement System of Kentucky, the...

Study: State worker pension systems in best shape since 2008

Sep. 14, 2021 15:08 PM EDT

Pension systems for state government workers across the U.S. are in their best shape since the Great Recession began more than a dozen years ago, according to a study released Tuesday. The Pew Charitable Trust report credits a booming stock market over the past year as...

Austria: man kept mother's body in basement to draw pension

Sep. 10, 2021 04:26 AM EDT

BERLIN (AP) — Austrian police say a man hid his mother's body in his basement for over a year in order to continue receiving her pension and nursing allowance. Police in Tyrol province said Thursday that officers paid a visit to the man in the Innsbruck area last...

16 die as floods swamp public hospital in central Mexico

Sep. 07, 2021 23:02 PM EDT

TULA, Mexico (AP) — Torrential rains in central Mexico suddenly flooded a hospital early Tuesday, killing 16 patients, possibly due to the loss of oxygen equipment as the power went out, the national Social Security Institute said. A video posted on the agency's social...

Editorial Roundup: Illinois

Sep. 07, 2021 12:34 PM EDT

Chicago Tribune. September 7, 2021. Editorial: Plea to southern Illinois: Wake up and get the vaccine Walk the halls of Springfield or drink a beer in Carbondale, and you will hear a lot of discussion about the city of Chicago, and not much of it...

Key figure in NC ballot probe gets prison for benefit fraud

Sep. 02, 2021 14:06 PM EDT

GREENVILLE, N.C. (AP) — A key player in a North Carolina ballot fraud probe that led to a new congressional election was sentenced Thursday to six months in prison for obtaining illegal Social Security benefits while concealing payments for political work he performed. ...

Micronesia's president says he mandated vaccines to protect

Sep. 01, 2021 02:57 AM EDT

WELLINGTON, New Zealand (AP) — Micronesia President David Panuelo said Wednesday he'll continue to walk around his island nation without fear, despite an alleged death threat against him over his government's vaccine mandate. A month ago, Micronesia became one of the...

COVID recession pushed Social Security insolvency up a year

Aug. 31, 2021 18:18 PM EDT

WASHINGTON (AP) — The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation's bedrock...

Nepalese Gurkhas end hunger strike over UK military pensions

Aug. 19, 2021 13:32 PM EDT

LONDON (AP) — A 13-day hunger strike by former Nepalese Gurkha soldiers came to an end Thursday after the British government agreed to enter talks with the Nepalese Embassy over equal pensions for veterans. The agreement came a day after one of the veterans, 60-year-old...

Roadwork firm to pay $20M in workers' retirement theft case

Aug. 03, 2021 16:39 PM EDT

HARRISBURG, Pa. (AP) — A major Pennsylvania heavy equipment contractor entered no contest pleas to four theft counts on Tuesday and agreed to pay restitution of more than $20 million over allegations it illegally diverted pension money and other benefits from its workers. ...