Moody's may downgrade Calif. pension funds' rating

Moody's Investment Service says it is considering downgrading ratings for programs tied to California's two giant pension funds.

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Chile: heavy losses for pioneering pension funds

The pioneering Chilean private pension funds for 8.3 million workers lost $25 billion in 2008 due to the global financial meltdown, officials said Monday.

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Pension relief for businesses awaits Bush's OK

In one of its final acts of the year, Congress on Thursday relieved businesses of paying billions of dollars in required contributions to their pension plans in the coming year. Companies say they need the cash to stay afloat in a worsening recession.

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Argentines react to pension nationalization

Argentine officials on Friday praised the nationalization of $23 billion in private pensions as good news for workers, while opposition leaders called it more of a looting than a reform.

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Agency Says China to Double Pension Fund

China plans to double the size of its national pension fund to more than 1 trillion yuan ($143 billion) and ensure that risk control remains its top priority, according to a notice on a government Web site.

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Steven Rattner is quitting his post as President Obama's chief adviser on the troubled automobile industry at a time when an investigation into his former Wall Street firm's role in a scandal involving public pension funds has intensified.

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Reading the business section these days is not for the faint of heart -- or those hoping to drift off to sleep. Instead, you end up like Scrooge, visited by the ghosts of outrages past, present, and future.

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Hundreds of thousands of people approaching retirement will be offered far lower pensions for the rest of their lives as a direct result of the government's decision to "print money" in an attempt to stimulate the economy.

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Both parties are guilty of diverting the public's attention from issue to issue without rhyme reason or honorable purpose where average citizens are made to suffer and pay.

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This YouTube discussion explains in humorous detail the awful roots of the current financial disaster.

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The fall in global stock market prices over the last year has had a significant impact on most Americans' retirement savings. When monthly 401(k) and IRA statements arrived last week, many small investors saw their investments drop in value by significant amounts.

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Microloans were invented to help the poorest of the poor help themselves. Now major banks and pension funds are getting into the business, as they discover that the interest paid by the poor can produce high returns. Is it aid or exploitation?

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Bloomberg reports: CDOs are back. Collateralized debt obligations that helped drive banks to $400 billion of writedowns and credit losses are finding buyers under a different name: Re-Remics.

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"Lawmakers continue to blame large investors for their role in propping up oil prices, pointing out Monday that speculation in crude futures has nearly doubled since 2000.

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Swedish pension fund AP7 said Sunday it will sell all its holdings in companies making cluster bombs and nuclear weapons, including Airbus parent EADS and U.S.-based Lockheed Martin Corp. and General Dynamics Corp.

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ACRAMENTO, Calif. (AP) -- Personal information about hundreds of thousands of retirees' may have been compromised after two security breaches involving pension funds in California and New York.

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The New York State Pension Fund should divest itself from companies that do business in Iran, state Sen. Craig Johnson said Sunday in Great Neck.

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In 2005, New Jersey put either $551 million, $56 million or nothing into its pension fund for teachers. All three figures appeared in various state documents — though the state now says that the actual amount was zero.

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March 19 (Bloomberg) -- California lawmakers are considering legislation that would force state pension funds to sell billions of dollars of shares in companies doing business with Iran.

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Divestment was used to fight apartheid in South Africa, and has been used to shame Sudan. Now, Missouri has taken action to divest from companies that do business with Iran and other nations on the State Department's list of countries that sponsor terrorism.

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there is something the U.S. government, state governments, labor unions, pension funds and each of us as individuals can do: We can stop investing in companies that help Iran exploit the oil and gas resources on which its economy depends.

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Well meaning pensions rules in the UK have led to pension funds scrambling to invest in government bonds, to "best match their liabilities".

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