Central State Pension Fund executive director, Thomas Nyhan said in a statement that around 273,000 current and future retirees will be affected with its latest benefits cut. The country's largest pension fund is currently facing financial problem due to 2008 financial crisis and the latest economic uncertainty.
retirees
A 401k loan is stirring a negative public impression lately and many argues whether it's something worth risking for. Forbes's Investing section contributor Michael Smith gives his expert advice on the matter.
Retirees typically are concerned with their income and safety when old age comes. And while there are plenty of retirement investments to choose from, choosing one can be confusing and not to mention daunting. Finance experts consider market investments a better choice for a safer retirement than insurance products.
Just Retirement is the British pension provider for retirees with health issues and has been listed in the London Stock Exchange to be valued at GBP1.1 billion on Tuesday.
To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.
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