Government pensions and social security - the best personalized free web-based Email en en Government pensions and social security Trump budget keeps pledges: Cuts for poor, more for military WASHINGTON (AP) — President Donald Trump fulfilled a major campaign promise Tuesday, proposing a $4.1 trillion budget plan that would upend Washington in a big way. But he drew rebukes, even from some Republican allies, for the plan's jarring, politically unrealistic cuts to the social safety net for the poor and a broad swath of other domestic programs. ... Tue, 23 May 2017 21:13:00 GMT 2017-05-23T21:13:00Z CFO of Soup Nazi-inspired company indicted on tax charges NEW YORK (AP) — The chief financial officer for a company licensing recipes from the real-life chef who inspired the "Soup Nazi" character on "Seinfeld" was arrested Tuesday on tax charges alleging he cheated the government out of a half-million dollars. Robert N. Bertrand, 62, of Norwalk, Connecticut, pleaded not guilty before he was released on $50,000 ... Tue, 23 May 2017 21:08:00 GMT 2017-05-23T21:08:00Z Puerto Rico seeks court's help to save public pension system SAN JUAN, Puerto Rico (AP) — Puerto Rico is seeking help from federal court to restructure the debt of the U.S. territory's public pension system, which is projected to run out of money this year. A federal control board overseeing the island's finances said Monday that the move was taken in part to shield the government from a flurry of lawsuits. ... Mon, 22 May 2017 19:53:00 GMT 2017-05-22T19:53:00Z Buses torched, roads blocked, clashes during Brazil strike RIO DE JANEIRO (AP) — Protesters lit buses on fire, blocked roads and clashed with police on Friday during a general strike that brought transportation to a halt in many cities across Latin America's largest nation. The strike was to protest major changes to labor law and the pension system being considered by Congress, but it was also a raw display of an... Sat, 29 Apr 2017 00:48:00 GMT 2017-04-29T00:48:00Z 5 things to know about Tax Day: refunds are up, audits down WASHINGTON (AP) — Tuesday is Tax Day, that dreaded day when millions of procrastinators rush to fulfill their civic duty by filing state and federal tax returns. But for most, it's not that bad. Sure, the forms are complicated and yes, there is math. But tax season also generates about $300 billion in refunds, a significant boost to the U.S. economy. ... Tue, 18 Apr 2017 11:37:00 GMT 2017-04-18T11:37:00Z Federal tax bill hits hardest in District of Columbia WASHINGTON (AP) — As Tax Day approaches, show some love for the good people who live in the nation's capital. Washington, that swampy den of iniquity that politicians love to scorn, sends the most tax dollars per person to the U.S. government. By a lot. Last year, the District of Columbia paid Uncle Sam $37,000 per person in federal inc... Mon, 17 Apr 2017 07:20:00 GMT 2017-04-17T07:20:00Z AP FACT CHECK: Trump no factor in Social Security increase WASHINGTON (AP) — Widely circulated online reports crediting President Donald Trump for 2017 increases in retirees' Social Security checks don't accurately portray how the system works. Social Security payments are based on a government measure of inflation, and are set automatically without any involvement of the White House. This year's numbers were announced by the Social... Wed, 29 Mar 2017 07:38:00 GMT 2017-03-29T07:38:00Z High court struggles over hospital pension dispute WASHINGTON (AP) — The Supreme Court seemed to struggle on Monday over whether some of the nation's largest hospitals should be allowed to sidestep federal laws protecting pension benefits for workers. Justices considered the cases of three church-affiliated nonprofit hospital systems being sued for underfunding pension plans covering about 100,000 employe... Mon, 27 Mar 2017 17:52:00 GMT 2017-03-27T17:52:00Z Kentucky lawyer pleads guilty in massive disability scheme LOUISVILLE, Ky. (AP) — A flamboyant Kentucky lawyer who billed himself as "Mr. Social Security" pleaded guilty Friday for his role in what prosecutors portrayed as a long-running scheme to defraud the government of nearly $600 million in federal disability payments. Eric C. Conn pleaded guilty in federal court in Lexington to stealing from the Social Secu... Sat, 25 Mar 2017 00:36:00 GMT 2017-03-25T00:36:00Z Board to Puerto Rico: Cut pension system, impose furloughs SAN JUAN, Puerto Rico (AP) — A federal control board on Monday said Puerto Rico's government needs to cut its public pension system by 10 percent, furlough tens of thousands of its workers and eliminate Christmas bonuses if it cannot generate other types of savings amid a nearly decade-long recession. The seven-member board created by Congress last year t... Tue, 14 Mar 2017 00:22:00 GMT 2017-03-14T00:22:00Z Trump administration announces steps to avoid debt default WASHINGTON (AP) — The Trump administration is letting Congress know that it will begin taking steps next week to keep the government from an unprecedented default on the national debt. Treasury Secretary Steven Mnuchin said in a letter to lawmakers released Thursday that he will employ measures to avoid breaching the borrowing limit once the current suspension of the limit e... Thu, 09 Mar 2017 20:55:00 GMT 2017-03-09T20:55:00Z Control board: Puerto Rico needs to take emergency action SAN JUAN, Puerto Rico (AP) — A federal control board warned Wednesday that Puerto Rico's government needs to take "major emergency actions" to avoid shutting down because its cash flow is critically low. The comments published in a letter to Gov. Ricardo Rossello are the sharpest yet made by a board that recently began overseeing the U.S. territory's fina... Wed, 08 Mar 2017 23:09:00 GMT 2017-03-08T23:09:00Z White House: Trump budget will hike defense spending by $54B WASHINGTON (AP) — The White House says President Donald Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump's initial budget wouldn't dent budget deficits projected to run about $500 billion. White House budget officials outlin... Mon, 27 Feb 2017 16:07:00 GMT 2017-02-27T16:07:00Z Board: Puerto Rico to be hit with painful austerity measures SAN JUAN, Puerto Rico (AP) — The newly appointed head of a federal control board that oversees Puerto Rico's finances warned on Tuesday that the U.S. territory will be hit with painful austerity measures in upcoming months. Interim Director Ramon Ruiz said there are no other options given the island's dire economic situation and recommended that the gover... Tue, 21 Feb 2017 19:14:00 GMT 2017-02-21T19:14:00Z Tea party gains voice in Trump's Cabinet with budget chief WASHINGTON (AP) — The tea party wing of the GOP gained a voice in President Donald Trump's Cabinet on Thursday when Mick Mulvaney was sworn in as director of the White House budget office. Vice President Mike Pence administered the oath of office hours after the Senate confirmed the South Carolina Republican's nomination on a narrow 51-49 vote in the GOP-controlled Senate. ... Fri, 17 Feb 2017 00:13:00 GMT 2017-02-17T00:13:00Z Problem nominations hard to avoid, history shows WASHINGTON (AP) — It was pretty much inevitable. Every recent president has had a doomed Cabinet nomination or two, and President Donald Trump is no exception. On Wednesday, Trump's choice for labor secretary, fast food CEO Andrew Puzder, withdrew his name after Republicans expressed concern over his failure to pay taxes promptly on a former housekeeper who wasn't authorized... Thu, 16 Feb 2017 08:14:00 GMT 2017-02-16T08:14:00Z Senate will consider blocking rule on guns and mentally ill WASHINGTON (AP) — The Republican-led Senate is moving to block an Obama-era regulation that would prevent an estimated 75,000 people with mental disorders from being able to purchase a firearm. The Obama administration had sought to strengthen the federal background check system with a rule requiring the Social Security Administration to send in the names of beneficiaries wi... Tue, 14 Feb 2017 22:42:00 GMT 2017-02-14T22:42:00Z Japan logs 1 percent growth in 2016 as private demand stalls TOKYO (AP) — Japan's economy expanded at a steadily slowing pace in 2016, though a modest recovery in exports helped offset sluggish spending by households and businesses, according to data reported Monday. The 1.0 percent annual pace of expansion for the year compared with 1.2 percent growth in 2015. For all but one quarter of the year, private demand wa... Mon, 13 Feb 2017 07:07:00 GMT 2017-02-13T07:07:00Z Michigan leads effort to shift workers away from pensions LANSING, Mich. (AP) — Struggling under the weight of pension and health care obligations, Michigan lawmakers appear ready to take another whack at public employee benefits — a move that reflects renewed determination to shift workers to 401(k)-style retirement systems, even if it happens in baby steps. Other states have made more modest changes, but the l... Sun, 05 Feb 2017 18:38:00 GMT 2017-02-05T18:38:00Z Reports: Abe to propose major job-creating plan to Trump TOKYO (AP) — Angling to pre-empt complaints over Japan's perennial trade surplus with the U.S., Prime Minister Shinzo Abe reportedly plans to propose a sweeping economic cooperation package meant to create hundreds of thousands of jobs in the U.S. when he meets with President Donald Trump later this month. Abe and Trump are expected to meet on Feb. 10. Ma... Thu, 02 Feb 2017 11:33:00 GMT 2017-02-02T11:33:00Z Claim accuses Wells Fargo of denying loans to young migrants SAN FRANCISCO (AP) — A federal lawsuit filed Monday accuses banking giant Wells Fargo of illegally denying student loans to young immigrants who are protected from deportation and allowed to work and study in the U.S. under a program created by former President Barack Obama. Wells Fargo said it was disappointed the plaintiffs sued instead of working with ... Tue, 31 Jan 2017 00:04:00 GMT 2017-01-31T00:04:00Z Ford CEO hopeful that Trump will ease gas mileage standards DEARBORN, Mich. (AP) — Ford Motor Co.'s top executive is hopeful that President Donald Trump could ease government fuel economy requirements and reduce corporate taxes to help the auto industry grow and create jobs. The comments from Chief Executive Mark Fields came Thursday, two days after he and his counterparts at Fiat Chrysler Automobiles and General ... Thu, 26 Jan 2017 19:52:00 GMT 2017-01-26T19:52:00Z Ford expects $2B net income drop due to pension change DEARBORN, Mich. (AP) — Ford says that a change in the way it values pension obligations will cut its 2016 net income by $2 billion. According to a regulatory filing, in 2015, Ford changed the way it measures pension gains and losses so they're counted in the year they occur. Ford will record a pretax pension charge of about $3 billion f... Fri, 20 Jan 2017 17:50:00 GMT 2017-01-20T17:50:00Z McConnell introduces bill to fund coal miner health plans WASHINGTON (AP) — Top Senate Republican Mitch McConnell on Tuesday introduced legislation to maintain health benefits for retired union coal miners whose companies have declared bankruptcy in recent years. McConnell was among those who successfully worked last year to provide a four-month extension of health benefits that protected 16,000 miners whose ben... Tue, 17 Jan 2017 22:18:00 GMT 2017-01-17T22:18:00Z Samsung heir named suspect in South Korean political scandal SEOUL, South Korea (AP) — South Korean authorities said Wednesday that a Samsung scion will be questioned as a suspect in a bribery case in the massive influence-peddling scandal that led to the impeachment of the country's president. Lee Jae-yong, Samsung Electronics' vice chairman, will be summoned to face questions by investigators probing whether Sout... Wed, 11 Jan 2017 08:22:00 GMT 2017-01-11T08:22:00Z Romania's Parliament approves left-leaning government BUCHAREST, Romania (AP) — Romania's Parliament on Wednesday approved a left-leaning government led by Sorin Grindeanu, who vowed to stop thousands of Romanians emigrating, build highways and encourage the consumption of local produce to create what he called "a normal Romania." Before winning confirmation on a 295-133 vote, Grindeanu said he wanted a coun... Wed, 04 Jan 2017 18:01:00 GMT 2017-01-04T18:01:00Z Feds: Pension exec moved $2B for coke, hookers, other bribes NEW YORK (AP) — A former top official at the country's third-largest pension fund and two broker-dealers were charged Wednesday in what a federal prosecutor described as a classic bribery scheme that steered $2 billion in trades in exchange for drugs, prostitutes, vacations and U.S. Open tennis tickets. "The hard-earned pension savings of New Yorkers shou... Wed, 21 Dec 2016 21:34:00 GMT 2016-12-21T21:34:00Z Largest public pension system to sell all tobacco stocks SACRAMENTO, Calif. (AP) — The nation's largest public pension system is giving up tobacco. The California Public Employees' Retirement System decided Monday to sell its last $550 million worth of tobacco-related investments nearly two decades after trading away the bulk of them. In a 9-3 vote, the CalPERS investment committee disregarde... Tue, 20 Dec 2016 00:16:00 GMT 2016-12-20T00:16:00Z Greece's Tsipras visits Germany amid argument over bonus BERLIN (AP) — Greece's prime minister said Friday he wanted to reward Greeks who have made "enormous sacrifices in the name of Europe" as he visited German Chancellor Angela Merkel amid an argument about a Christmas bonus payment for low-earning pensioners. The bonus plan prompted creditors to suspend a new debt-relief deal reached only last week. The gov... Fri, 16 Dec 2016 15:31:00 GMT 2016-12-16T15:31:00Z Large protests in Poland as leader vows to stifle opposition WARSAW, Poland (AP) — Thousands of anti-government protesters marched Tuesday from the former Communist party headquarters in Warsaw to the offices of Poland's current ruling party, a symbolic route chosen to underline the charge that the government is destroying democracy. The march, held under the slogan "Stop the Devastation of Poland," marked the 35th... Tue, 13 Dec 2016 19:51:00 GMT 2016-12-13T19:51:00Z