- Pension system changes will cost state, local governments Updated: Jul-31-15 7:37 pm
TIGARD, Oregon - The experts overseeing Oregon's public pension system are making changes that will significantly increase costs for state and local governments.
- Moody's view of pension bonds in line with Kansas rating Updated: Jul-31-15 6:20 pm
TOPEKA, Kansas - A major credit agency is rating $1 billion in bonds that Kansas hopes to sell to bolster its pension system for teachers and government works in line with the state's existing rating.
- Former governor to lose pension based on a law he signed Updated: Jul-31-15 6:10 pm
RICHMOND, Virginia - Former Virginia Gov. Bob McDonnell's pension benefits can be taken away based on a law he signed while governor, according to a legal opinion issued Friday by Attorney General Mark Herring.
- AG opinion paves way for governor revoke McDonnell's pension Updated: Jul-31-15 5:25 pm
RICHMOND, Virginia - Former Gov. Bob McDonnell's pension benefits can be taken away based on a law he signed while governor, according to a legal opinion issued Friday by Attorney General Mark Herring.
- Most claims dismissed in case against disability lawyer Updated: Jul-30-15 12:49 pm
COVINGTON, Kentucky - A federal judge has dismissed most, but not all, claims in a lawsuit that accuses eastern Kentucky disability lawyer Eric Conn of colluding with a judge to rig Social Security cases.
- Lew informs Congress he extending debt-limit measures Updated: Jul-29-15 5:32 pm
WASHINGTON - Treasury Secretary Jacob Lew told Congress on Wednesday that he will extend for another three months the authority he is using to take emergency measures to keep from breaching the nation's borrowing limit.
- New Jersey politician wants federal loans to save pensions Updated: Jul-29-15 1:39 pm
TRENTON, New Jersey - The president of New Jersey's state Senate is calling for the federal government to offer states low-interest loans to save their public employee pension systems.
- Public employee retirees settle pension lawsuit with state Updated: Jul-28-15 3:22 pm
HELENA, Montana - About 20,000 retired state and local government employees will keep a 3 percent annual increase in pension benefits in the settlement of a lawsuit with the state of Montana.
- 3 pension funds sue New Jersey for billions in damages Updated: Jul-27-15 8:01 pm
Three public workers' pension funds are suing New Jersey for billions in damages, claiming the state government breached contracts when it contributed less than planned.
- Feds: 'Wicked Tuna' TV fisherman claimed to be disabled Updated: Jul-27-15 4:52 pm
MONTPELIER, Vermont - A Massachusetts man seen manning big fishing rods and harpooning huge fish on the reality show "Wicked Tuna" collected government benefits while claiming to be disabled and unable to work, federal prosecutors said.
- Judge says 2014 Chicago pension overhaul unconstitutional Updated: Jul-24-15 2:24 pm
CHICAGO - A Cook County judge on Friday threw out a 2014 law aimed at reducing multibillion-dollar shortfalls in two Chicago pension funds, a decision city officials have said could leave the retirement accounts insolvent in a little more than a decade or lead to massive tax increases.
- Lawyer: City will appeal ruling voiding Chicago pension law Updated: Jul-24-15 1:33 pm
CHICAGO - An attorney says the city of Chicago will appeal a judge's ruling that a 2014 overhaul of two pension funds is unconstitutional.
- 5 things from annual check-up for Social Security, Medicare Updated: Jul-23-15 3:22 am
WASHINGTON - Looking at the big picture, the financial health of Social Security and Medicare doesn't appear to have worsened.
- Report: Social Security disability fund to run dry next year Updated: Jul-22-15 5:15 pm
WASHINGTON - The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said Wednesday, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign.
- Feds say ID protector LifeLock violated $12M settlement Updated: Jul-21-15 5:29 pm
NEW YORK - The U.S. government says identity theft protection company LifeLock spent years violating a $12 million settlement for misrepresenting the protection it provides for customers.
- Cook County sales tax to increase by 1 percentage point Updated: Jul-15-15 5:20 pm
CHICAGO - Consumer taxes in Cook County will increase by 1 percentage point next year as a result of a vote Wednesday by commissioners to impose a sales tax hike designed to address the county's pension funding woes.
- 2014's gay marriages in limbo with Social Security agency Updated: Jul-15-15 5:10 pm
LITTLE ROCK, Arkansas - Social Security Administration officials say they're waiting for guidance from the Justice Department on what to do regarding same-sex couples who got married in Arkansas before last month's U.S. Supreme Court ruling that legalized the unions.
- Why Germany refuses to write off Greece's debts Updated: Jul-15-15 12:03 pm
FRANKFURT, Germany - The International Monetary Fund says Greece's debts are too big to pay and need to be partly forgiven.
- Samsung removes online cartoons after anti-Semitism row Updated: Jul-15-15 7:04 am
SEOUL, South Korea - A Samsung company on Wednesday removed online cartoons attacking a U.S. hedge fund's founder as a ravenous, big-beaked vulture after Jewish organizations protested similar smears in South Korea's media.
- Woman pleads guilty to stealing Social Security benefits Updated: Jul-15-15 4:07 am
BATON ROUGE, Louisiana - A Baton Rouge woman has pleaded guilty to defrauding the U.S. Social Security Administration for more than a decade.
- Troubles in Greece ripple through Va. retirement funds Updated: Jul-14-15 1:17 pm
RICHMOND, Virginia - The Virginia Retirement System's return on its investments lagged in the fiscal year that ended June 30.
- Greek relief over bailout deal tempered by harsh reality Updated: Jul-13-15 1:08 pm
ATHENS, Greece - In a middle-class Athens neighborhood full of boarded-up storefronts, customers lined up at the Rizos Bakery on Monday to inhale the lovely smells of fresh bread and emerge with loaves still warm from the ovens. Co-owner Alexandros Rizos stood behind the counter and worried whether he would have to lay off workers, or whether his 15-year-old business might go under.
- Rauner pension plan would end union negotiations, freeze pay Updated: Jul-12-15 12:35 pm
CHICAGO - Gov. Bruce Rauner says Illinois could save billions of dollars each year through an ambitious new plan to address hugely underfunded pension systems, a proposal he describes as "fair and reasonable" for both government workers and taxpayers.
- With data breaches, bad news can show up well down the road Updated: Jul-10-15 3:37 pm
NEW YORK - The revelation that the data breach at the U.S. government's personnel office was actually much worse than the government originally thought is following a familiar script.
- Elderly Greeks tapping pensions fear cuts could hit hard Updated: Jul-10-15 11:40 am
ATHENS, Greece - When Greece imposed cash withdrawal limits, pensioner Roza Alverti stopped paying her utility bills and focused on putting food on the table for her two grown and unemployed grandchildren, who live in her spotless one-bedroom apartment with a sliver of a view of the Acropolis about 6 kilometers (4 miles) away.