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WORLD
January 18, 2005 | From Times Wire Reports
Russian President Vladimir V. Putin promised a moderate increase in pensions and blamed federal and local officials for failing to properly implement changes that cut off benefits to millions of Russians. Putin's comments came hours after police blocked hundreds of protesters from retaking a major intersection in St. Petersburg that thousands of pensioners occupied over the weekend. Demonstrators blocked major roads in other cities.
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BUSINESS
September 21, 2004 | From Associated Press
More than 100 lawmakers have signed a letter being sent to United Airlines' chief in opposition to its plan to terminate its pension plans to survive bankruptcy. The letter by Democratic Reps. George Miller of Martinez, Calif., and Janice D. Schakowsky of Illinois has attracted signatures from 104 House members and eight senators, including two Republicans.
NEWS
November 7, 1989 | From a Times Staff Writer
Former President Ronald Reagan's $2-million speaking tour for a Japanese company prompted introduction Monday of a bill to reduce or eliminate pensions for ex-presidents with high outside earnings. Rep. Peter A. DeFazio (D-Ore.) said his proposal in the House would apply an earnings test to presidential pensions along the lines of the limits on outside income now used for recipients of Social Security benefits. Ex-presidents now receive a $99,500-a-year pension.
CALIFORNIA | LOCAL
February 12, 1992
Los Angeles County Supervisor Gloria Molina on Tuesday accused top county officials of inflating their pensions by including car allowances, fringe benefits and other items in calculating their retirement pay and called for an end to the practice. "Many of these pension-spiking measures are not allowed in other government retirement systems," she said in a motion that will come before the supervisors next week.
BUSINESS
October 15, 2005 | From Reuters
The government agency that insures corporate pensions has objected to United Airlines' reorganization, asserting in court documents that the carrier has changed a deal covering the termination of its pension plans. The Pension Benefit Guaranty Corp said the airline's disclosure statement, which detailed its financial model, was "unconfirmable" as is. United said the airline worked closely with its creditors and the agency throughout restructuring and would continue to do so.
WORLD
August 7, 2003 | From Times Wire Reports
Rock-throwing Brazilians opposed to changing the current pension system clashed with riot police in Brasilia, the capital. The march by an estimated 50,000 government workers ended in violence after hundreds broke through police barricades. At least four protesters and two policemen were injured. The demonstration came hours after Brazil's lower house of Congress approved a key constitutional reform that would slash civil servants' pensions.
CALIFORNIA | LOCAL
January 27, 2005 | From a Times Staff Writer
An independent advisor should review whether Orange County's future payments for pensions and retiree health benefits could bankrupt the county, Board of Supervisors Chairman Bill Campbell said Tuesday. About 810 workers -- nearly three times the normal rate -- are expected to retire in July when sweetened pension benefits take effect. The exodus will cost about $18.5 million, compared with the $7-million annual average paid through the county's retirement system.
BUSINESS
November 5, 2004 | From Associated Press
United Airlines sent its employee unions new contract proposals Thursday, seeking to terminate pensions and demanding other concessions. United, the nation's second-largest airline, has been threatening to terminate its pensions since August. Last month it said it would need to cut costs significantly more than anticipated because of the industry's deteriorating financial outlook. "We recognize this is difficult for employees, but it's necessary considering the environment we are in.
BUSINESS
January 24, 2006 | From Bloomberg News
Sprint Nextel Corp. froze pension plans for almost half of its 80,000 employees and won't offer a fixed retirement benefit to new workers as the company cuts labor costs to compete with other wireless carriers. Chief Executive Gary Forsee, who orchestrated the $36-billion merger of Sprint Corp. and Nextel Communications Inc., is revamping the retirement plans as he shifts the company's focus to the wireless business. Cingular Wireless, the largest U.S. mobile-phone services company, and No.
WORLD
February 25, 2010 | By Jeffrey Fleishman
The white-haired ladies in fur coats slipped into a pinochle game just as Carlo Filipazzi was recalling those days when he marched with the Italian army through the frost and fog toward Venice. He survived malaria, Fascists and Nazis and then spent 42 years making refrigerator parts. His Europe went from viciously splintered to reluctantly unified; these days, though, Filipazzi's pension isn't what he thought it would be and there's trouble on the continent over heavy debt, immigration and the tumbling euro.
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