Latest Government pensions and social security News

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...

Alabama state pension funds down, facing challenges

Jun. 19, 2022 01:07 AM EDT

MONTGOMERY, Ala. (AP) — Investments that are a key source of funding for Alabama’s Employees Retirement System have lost ground in the slumping financial markets this year, but officials say the pension fund is sound. The system's Board of Control heard a presentation on the...

1 dead in protests over India's military recruitment policy

Jun. 17, 2022 09:18 AM EDT

NEW DELHI (AP) — At least one person was killed Friday as angry young people in parts of India burned train coaches, blocked highways and attacked police with rocks in a second day of violent demonstrations against a new short-term government recruitment policy for the military, police said. ...

Bitcoin plunges as major crypto lender halts operations

Jun. 13, 2022 20:54 PM EDT

NEW YORK (AP) — The price of bitcoin and other cryptocurrencies plummeted Monday after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing “extreme market conditions.” It's the latest high-profile collapse of a pillar of the...

Cyprus helps bust illicit sale of private data on Americans

Jun. 09, 2022 09:26 AM EDT

NICOSIA, Cyprus (AP) — Cyprus police have seized servers that were used to sell social security numbers and other personal information stolen from 24 million U.S. citizens, a law enforcement official said Thursday. Police Cybercrime Department Chief Andreas Anastasiades told the...

Prosecutors: Ex-Port Authority commissioner pleads guilty

Jun. 04, 2022 11:39 AM EDT

NEWARK, N.J. (AP) — Federal prosecutors say a former carpenters’ union official who once served on the Port Authority of New York and New Jersey board of commissioners has pleaded guilty to embezzlement. The U.S. attorney's office in New Jersey said George Laufenberg pleaded...

Go-broke dates pushed back for Social Security, Medicare

Jun. 02, 2022 18:26 PM EDT

WASHINGTON (AP) — A stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs. The annual...

Virginia man pleads guilty to failing to pay $1.3M in taxes

May. 27, 2022 07:53 AM EDT

RICHMOND, Va. (AP) — A Virginia man pleaded guilty Thursday to charges that he failed to pay $1.3 million in taxes to the IRS by withholding payroll taxes from three different companies owned by his family, a federal prosecutor said. U.S. Attorney Jessica Aber said in a news...

Live updates | Russia-Ukraine War

May. 25, 2022 21:21 PM EDT

The Russian Defense Ministry is promising to open a safe corridor to allow foreign ships to leave Black Sea ports. A separate corridor will be open to allow ships to leave Mariupol by sailing from the port on the Sea of Azov port to the Black Sea. Mikhail Mizintsev, who heads the...

Boards for Meta, Twitter face backlash from NY pension fund

May. 23, 2022 16:55 PM EDT

SAN FRANCISCO (AP) — A major New York pension fund that has invested in both Facebook's corporate parent and Twitter believes it's time to shake up the companies' boards of directors because of their inability to keep violent content off their influential social media services. The...