Josh Sigurdson talks with author and economic analyst John Sneisen about the coming pension crash as a new story comes out regarding Congress's new committee to bail out 200 pension funds! You know it's bad when congress is so eagerly expecting the failure of the pension system. So-called private plans or the 1400 multi-employer plans in question are in a $553 billion short fall. In the new, big government spending bill, congress snuck in a provision that creates a committee that allows congress to use federal funds to bail out as many as 200 multi-employer pension plans. These are plans where employees and unions jointly provide funds. Of course this is corporatism to the max. Pensions are dependence. Unfortunately so many have been thrown into that dependence unwillingly. Individuals should save for themselves. All people should be looking to save for their futures. Unfortunately, the government and banks force people into giving part of their earnings to some centralized authority that usually employees know nothing about and are supposed to trust them to correctly manage their savings. So instead of saving in what one has done due diligence into, some insolvent bank will make the decisions. And they are insolvent. We recently reported on the cash to deposit ratio at banks and they are completely bankrupt. So to trust them with your money is incredibly risky. Young people are unlikely to ever get a pension which is why it's important young people learn about money and savings themselves and look to whatever they come to believe in. As we approach a massive fiat crash, the likes of which the world has never seen (inevitably), it's time people start taking real precautions and be financially responsible. There's hardly anything more important. Self sustainability is the hallmark of freedom and life itself. Stay tuned as we continue to cover this growing issue. Video edited by Josh Sigurdson Featuring: Josh Sigurdson Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShallPrevail/ Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602 Kindle https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1 DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU Buy Tickets for G. Edward Griffin's much anticipated Red Pill Expo 2018 in Spokane, Washington by clicking the link below: https://redpillexpo.org/wam/ref/26/ World Alternative Media 2018 "Find the truth, be the change!"
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2018-05-17: U.S. Sen. Heidi Heitkamp pushed Congress to reform pension insurance in the third hearing of the 16-person bipartisan, House and Senate Joint Select Committee tasked with solving the crisis facing multiemployer pension plans across the country, including threatening 2,000 North Dakotans and 400,000 pension fund participants nationwide who paid into the Central States Pension Fund. If the Central States Pension Plan and other pension plans are allowed to fail, not only will employers no longer be able to pay promised benefits, but taxpayers would be at risk of having to pay billions when the PBGC becomes insolvent. Currently, the PBGC’s multiemployer insurance program has a deficit of $65 billion and could fail in just a few years without Congressional action.
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We need to take the Senators and Congress,men/Women off the PARASITIC Retirement Plan they came up for themselves and put them into the Social Security System along with the rest of us. Then we sit back and watch just how fast they fix the Social Security Fund!
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November 13, 2017 C-SPAN News http://MOXNews.com MOX NEWS NEEDS YOUR HELP TO CONTINUE!! For Paypal Tips Click Here! https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=MHT8PM5BPSVC8 NEW! My Patreon Page: https://www.patreon.com/moxnews My Bitcoin Wallet Is: 18atzCBj9zt7HgMnSYajcpGJwq8BipDcta $5.00 FIVE DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=BNNGYSFS3XBW4 $10.00 TEN DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=WDLM8TUJ8459S $20.00 TWENTY DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=GNMQ7S22BPY5Q $50.00 FIFTY DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=ZY2M9PUG3U7UA $100.00 ONE HUNDRED DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JATR49EVASLLQ
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Credit User: policecrimescom A message from policecrimescom; Congress also are the only people in America that are allowed to do "inside trading." The sex scandal involving U.S. Congressman Anthony Weiner and his sudden resignation will not have any impact on his congressional pension. Weiner announced his resignation this week, three weeks after he was caught in a Twitter sex scandal. His twelve year stint in office should net him about $1.2 million, according to the National Taxpayers Union. Weiner, 46, will have the option to take discounted payments of about $35,000 a year when he turns 56 or he can wait another six years and get about $46,000. Compare that to a private citizen contributing $1,000 a month to their 401K plan with a $3,000 company match over the same period., and it would add up to $231,000, less than 1/5 of what Weiner will receive. (CNNMoney.com) - No doubt there will be a lot of sound bites from various Congress folk ... some "outraged" by the loss of pensions and others pointing to "economic reality" while professing sympathy for the working American. Amid all the hubbub, keep this in mind: Congress has a pension plan ... and it's not at risk. It's a fairly nice one, too. Not extravagant, but nice. A Congressman with 22 years of service and whose average salary for the top three years was $153,900 gets $84,645. A current congressman ending up with six years of service (it's two-year terms, after all) would get at least $16,503 (at age 62, of course). In actuality, the average congressional pension payment ranges between $41,000 and $55,000, based on 2002 data from the Congressional Research Service. Now, a retiring congressman isn't allowed to get more than 80 percent of their salary upon retirement. But after retiring, cost of living adjustments kick in, which can add substantially to the payment. Add it all together and the Congressional pension program is about two-to-three times more generous than the average corporate executive pension plan, according to the National Taxpayers Union. (contrary to various Internet rumors, Congress does pay Social Security taxes.) So Congress folk get a better pension and don't have to pay for all of it. They also have the equivalent of a 401k program (complete with a 5 percent employer match). In some cases Social Security kicks in. And given their medical, dental and travel benefits, plus expenses paid by the office, members of Congress have plenty of opportunity to save for retirement. (And if they get into trouble, as they sometimes do, the pension often isn't up for grabs). At $165,200 a year (after their raise this month-January 20, 2006), seems like they have some money to do it with too. Now don't get me wrong. Plenty of senators and representatives work hard. Very hard? They got theirs and it isn't going away ... that would take an act of Congress. sex scandal texting Anthony Weiner government stealing Taxpayers Union american money retiring america tax dollars payers Family ron paul president congress election reform Ass pension 401K congressional citizen rich senate Fucks rostenkowski I do not own this material. I cite fair use law in the interest of education. If the owner of this material would like the video removed please contact me directly and it will be done, thanks!
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- The executive director of the US Central States Fund urged for congressional action to save the fund from possibly facing insolvency in 2025 http://pensionpolicyinternational.com/us-central-states-pension-fund-could-be-insolvent-by-2025/ - A recent survey revealed that New Zealanders oppose any change in their retirement systems, despite acceptance of rising costs http://pensionpolicyinternational.com/new-zealand-strong-opposition-to-changing-retirement-system/ - The African Development Bank will hold a forum to attract infrastructure investment from global pension funds and other commercial financers http://pensionpolicyinternational.com/afdb-seeks-to-plug-africa-170-billion-infrastructure-needs/ - UK’s The Pensions Regulator published their tougher corporate plan for the next 4 years to ensure standards in the sector http://pensionpolicyinternational.com/uk-tpr-launches-their-corporate-plan-for-regulating-pensions/ - Metlife will provide pension benefits to 41,000 FedEx retirees through an annuity. The deal includes $6 bn in pension obligations http://pensionpolicyinternational.com/us-metlife-to-provide-pension-benefits-to-41000-fedex-retirees-through-annuity/
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Subscribe and share the RTD news articles... RTD News keeps you up to date on what's happening around the globe. Thanks for watching this important update, "America's Pension Crisis Is Getting Worse". Information to help you become more monetarily aware. Download a high resolution copy of the Dollarcation (Purchasing Power) visual aid here: https://www.rethinkingthedollar.com/purchasing-power/ Test your Monetary IQ here: http://bit.ly/TestYourMoneyIQ News Articles: 1. Pensions time-bomb for world's biggest economies could explode to $400 trillion, says WEF http://www.cnbc.com/2017/05/26/pensions-time-bomb-for-worlds-biggest-economies-could-explode-to-400-trillion-says-wef.html 2. World heading for a pensions crisis, but no quick fix is in sight http://www.independent.ie/business/personal-finance/pensions/world-heading-for-a-pensions-crisis-but-no-quick-fix-is-in-sight-35768379.html 3. Step One: Recognize The Public Pension Crisis https://www.forbes.com/sites/econostats/2017/05/30/step-one-recognize-the-public-pension-crisis/2/#671272267801 4. The Unavoidable Pension Crisis http://www.zerohedge.com/news/2017-04-06/unavoidable-pension-crisis 5. Six Terrifying Graphs That Summarize America's Public Pension Crisis http://www.zerohedge.com/news/2017-05-24/six-terrifying-graphs-simplistically-summarize-americas-public-pension-crisis 6. How much to address Kentucky's pension crisis? That's the $700 million question http://www.courier-journal.com/story/news/politics/ky-legislature/2017/05/22/kentucky-pension-crisis/337505001/ 7. The bill is due: CPS owes staggering amount on teachers’ pension fund http://wgntv.com/2017/05/24/the-bill-is-due-cps-owes-staggering-amount-on-teachers-pension-fund/ 8. General Electric, UPS & State Pension Problems https://www.rethinkingthedollar.com/general-electric-ups-state-pension-problems/ Get FREE educational reading & interview resources at RTD website: 1. The Simplicity of Money (4 Things You Didn’t Learn In School) - https://www.rethinkingthedollar.com/education/ 2. 5 Reasons To Hold Gold Before The Next Recession – http://bit.ly/5ReasonsEbook 3. RTD University (30+ hours of video interviews from authors, economist & commentators) http://bit.ly/RTD_University Connect with RTD on your favorite Social Media channels: Instagram – https://www.instagram.com/rethinkingthedollar/ Steemit - https://steemit.com/@rtd Twitter - https://twitter.com/RethinkinDollar Facebook - https://www.facebook.com/rethinkingthedollar Telegram - http://bit.ly/RTD_Telegram Support the Rethinking the Dollar channel: 1. Donate Cryptocurrency: https://www.rethinkingthedollar.com/donate 2. Patreon (Monthly membership): https://www.patreon.com/rtd 3. Get RTD merchandise: https://www.rethinkingthedollar.com/store 4. Purchase 10oz Silver Bar @ dealer cost: http://bit.ly/SDbullion10ozBar 5. Buy Cryptocurrency From Coinbase here: http://bit.ly/GetStartedWithCoinbase Get your product or service in front of more people. Contact RTD for business or interviewing opportunities at firstname.lastname@example.org. DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar". Opinions expressed in this video should not be relied on for making investment decisions, tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education.
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- Japan’s Government Pension Investment Fund is struggling to have its assets managers engaged with the Environmental and Social issues that are a priority for the fund’s sustainability. http://pensionpolicyinternational.com/the-worlds-biggest-pension-fund-struggles-with-sustainability/ - The US Chamber of Commerce told the Congress about their worries of 1.5 million workers’ pension plans becoming insolvent due to companies’ risk of bankruptcy http://pensionpolicyinternational.com/us-more-than-1-million-workers-retirees-at-risk-of-losing-pensions-businesses-tell-congress/ - During a four-day workshop with Ghanaian authorities, representatives of the World Bank showed their support for a well- developed policy and reforms to their pension system http://pensionpolicyinternational.com/world-bank-supports-ghana-to-reform-pensions-system/ - Canada Pension Plan Investment Board announced their soon-to-be-launched green bond, becoming the first pension fund ever to issue one http://pensionpolicyinternational.com/canada-pension-fund-preps-for-green-bond-issue/ - A multi-party committee approved of Spanish pensions raising with inflation, ending with the austerity policy that ruled in the past governments http://pensionpolicyinternational.com/spains-new-government-agrees-to-raise-pensions-in-line-with-inflation/
Просмотров: 7 Pension Policy International PPI
By order of the US Congress, people that earn $100,000 dollars or more will be allowed to convert their self directed retirement plan (IRA, 401k, or pension plan etc) from a TAXABLE plan to a TAX FREE Roth IRA. The savings to the plan holder can amount to hundreds of thousands of dollars. Find out now if you qualify and how this program can change your life forever.
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During an interview Josh Sigurdson conducted with Dr. Ron Paul, the issue of the "everything bubble" came up and the fact that the global pension shortfall is set to reach 400 trillion dollars by the year 2050, being more than 4 times the world GDP. Dr. Paul said, "It's tragic, it's wicked, only a few are going to benefit from it." He went into the issue of keeping money in the bank, the problems of the fiat monetary system and how it makes the lives of retirees difficult. Let's face it, younger people are certainly not going to get a pension. Let's remember that people born in 2007 are set to live to 103 on average. That's about half of their life time living off of a pension, depending on banks and government and causing massive problems among tax payers. It cannot be comprehended. This bubble burst will end in massive poverty and there's no doubt it cannot sustain itself. Make sure to see the FULL interview on our channel! Stay tuned for more from WAM! Video edited by Josh Sigurdson Featuring: Dr. Ron Paul Josh Sigurdson Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShallPrevail/ Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602 Kindle https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1 DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU https://anarchapulco.com/buy-your-tickets/ Use Promo Code: wam to save on your tickets! World Alternative Media 2018 "Find the truth, be the change!"
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ALL RIGHTS RESERVED UNITED STATES Inc. "Congress copyrights Constitution for the thirteen united States of America and renames it the CONSTITUTION OF THE UNITED STATES OF AMERICA. New corporate government for the District of Columbia, commands all it's vessels to swear oath to new copyrighted version." -District of Columbia Organic Act of 1871: Forty-First Congress of the United States, Session III, Chapter 61 and 62, sec. 34 enacted February 21, 1871 UNITED STATES CODE, Title 28, 3002(15)(A) -- Re-iterates "The United States government is a foreign corporation with respect to a State" (NY re: Merriam 36 N.E. 505 1441 S. 0.1973, 14 L. Ed. 287). Volume 20: Corpus Juris Sec. 1785 The United States of America is a corporation endowed with the capacity to sue and be sued, to convey and receive property.1 Marsh. Dec. 177, 181. ...but it is proper to observe that no suit can be brought against the United States without authority of law. Bouvier's Law , 5 definition of United States. "It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent, H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only." United States Congressional Record, March 17, 1993 Vol. 33 The U.S. Government declared bankruptcy in 1933 in Roosevelt's executive orders 6073, 6102, 6111, AND 6260 and lost it's sovereignty. This was confirmed in Perry v. US (1935) 294 U.S. 330-381, 79LEd 912, as well as 31 U.S.C. 5112 and 5119 and 12 U.S.C. 95a. Title 28, 3002(15)(3): States that all departments of the UNITED STATES CORPORATION are part of the corporation. The original United States has been usurped by a separate and different UNITED STATES formed in 1871, which only controls the District of Columbia and it's territories, and which is actually a corporation (the UNITED STATES CORPORATION) that acts as our current government. The United States Corporation operates under Corporate/Commercial/Public Law rather than Common/Private Law. The original Constitution was never removed; it has simply been dormant since 1871. It is still intact to this day. This fact was made clear by Supreme Court Justice Marshall Harlan (Downes v. Bidwell, 182, U.S. 244 1901) by giving the following dissenting opinion: "Two national governments exist; one to be maintained under the Constitution, with all its restrictions; the other to be maintained by Congress outside and Independently of that Instrument." The Restore America Plan reclaimed the De Jure institutions of government of the 50 State Republics in order to restore Common Law that represents the voice of the people and ends Corporate Law that ignores the voice of the people while operating under Maritime/Admiralty/International Law. This occurred when warrants were delivered to all 50 Governors on March 30, 2010. The rewritten Constitution of the UNITED STATES CORPORATION bypasses the original Constitution for the United States of America, which explains why our Congressmen and Senators don't abide by it, and the President can write Executive Orders to do whatever he/she wants. They are following corporate laws that completely strip sovereigns of their God given unalienable rights. Corporate/Commercial/Public Law is not sovereign (private), as it is an agreement between two or more parties under contract. Common Law (which sovereigns operate under) is not Commercial Law; it is personal and private.
Просмотров: 74364 Nor-Cal Transparency
Without exception I advise my clients to never cash out or borrow against retirement money to pay consumer debt like credit card bills, medical debt or personal loans. The United States Congress and the Georgia legislature allow us to protect your retirement money when you file bankruptcy. No creditor can reach your retirement funds even if you file bankruptcy. Retirement money like your 401(k), IRA, pensions and similar plans are protected from creditor claims because Congress decided to give more protection to your retirement money than to claims of creditors. If Congress and the Georgia legislature recognize the importance of your retirement savings, you should as well. Before you cash out or borrow against retirement money, call a bankruptcy lawyer. If you have already borrowed against retirement assets, we can use bankruptcy to get rid of your debt so you can pay yourself back and start saving again. If you are ever tempted to use your retirement funds as a source of fast cash, call me so I can tell you this type of move is such a bad idea. #bankruptcyexemptions #losepropeertyinbankruptcy #chapter7bankruptcy #chapter13bankruptcy #atlantabankruptcy ===========FREE CASE EVALUATION========== If you would like me to analyze your finances please contact me at https://bit.ly/Contact-Gins ========================================== ===============CONTACT ME================= Jonathan Ginsberg Atlanta Bankruptcy Attorney Website: https://www.atlanta-bankruptcy-attorney.com Facebook: https://www.facebook.com/ginsberglaw/ Telephone: 770-393-4985 https://bit.ly/Contact-Gins =========================================== **Click Below to SUBSCRIBE for More Videos: http://www.youtube.com/subscription_center?add_user=ginsbergbankruptcy
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Federal law altered to reduce pension payouts.... Website: naturalnews.com Author credit: J. D. Heyes Photography credit: belongs to it's respective owner(s) and not to me. Link: http://www.naturalnews.com/048013_corporate_raiders_pension_plans_spending_bill.html DISCLAIMER: This is for educational and informational purposes only. This video is not for profit. I read for the visually impaired and for mobile device users. If anyone does not wish to listen to the entire broadcast, please use link(s) provided... It is for the viewer to decide. I do not take any credit for the content, photos, or videos I cannot verify or confirm the information in this video. It is up to you the viewer to decide and please also do your own research. The content does not necessarily reflect my own personal viewpoint or opinions. It is up to the viewer to decide. No copyright infringement is ever intended. . FAIR USE STATEMENT: This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. we believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/...
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The official YouTube Channel of Senator Joe Manchin. Proudly serving the people of West Virginia and working to bring people of all political parties together around commonsense, bipartisan solutions. http://www.manchin.senate.gov/
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U.S. Senator Bernie Sanders (I-VT) was joined by powerful politicians, hundreds of Machinists Union members, news media and labor allies to promote the Keep Our Pension Promises Act, or KOPPA. The congressional legislation would restore the long-standing rule prohibiting multi-employer pension plans from cutting benefits to current retirees.
Просмотров: 137 Machinists Union
On January 25, 2012 Congressman Bobby Schilling (IL-17) and a number of his colleagues testified before the House Committee on Oversight and Government Reform in support of reforming congressional pensions at a hearing titled "Retirement Readiness: Strengthening the Federal Pension System." Text of Schilling's testimony as prepared for delivery is as follows: _ _ _ _ _ _ _ _ _ _ "Chairman Ross, Ranking Member Lynch and members of the Subcommittee on Federal Workforce, U.S. Postal Service and Labor Policy: "I appreciate the opportunity to appear before you today to discuss the issue of pensions for Members of Congress and in particular, H.R. 2397 the Congressional Retirement Age Act. This is bipartisan, money saving legislation that provides an opportunity for Congress to lead by example. "In Congress we often talk about what we can do today to make a better tomorrow for our grandchildren. To achieve this, I think we're going to have to make some tough decisions and some easy decisions. The Congressional Retirement Age Act represents a small, common-sense step we can take today towards re-evaluating the pensions that Members of Congress are eligible to receive. "When I ran for office, I made a contract with the people of the 17th District of Illinois. One of the elements of this contract was to reject the congressional pension. This is a personal decision rooted in the belief that our founders did not set Congress up to be a career. I am not here today to preach at anyone. My goal is to advocate for a good policy change. "As you know, Members of Congress are eligible to receive a pension at age 62 after five years of federal service. However, if a member has served for 25 years, they can receive a pension at age 50. I can tell you that I have talked to many constituents about this issue and am hard pressed to recall one person that believes Congress should receive a pension, let alone as early as age 50. This especially rings true when you consider that the earliest that folks we represent back home can receive Social Security benefits is age 65. "The first bill I introduced as a member of Congress, H.R. 2397, simply ties a member of Congress' eligibility to receive pension benefits to the Social Security retirement age. Regardless of whether or not you believe Congress should be getting a pension, I hope that we can all agree that Members who do elect to receive pension benefits, should not be able to do so before their constituents can access Social Security benefits. "This is a truly bipartisan effort with 26 cosponsors in the House. Senator Sherrod Brown of Ohio has spearheaded this effort over in the Senate. The Congressional Retirement Age Act has the support of the National Taxpayers Union and the Taxpayers Protection Alliance. According to a preliminary CBO staff estimate, this legislation would save to $10 to $15 million over ten years. This is real money and at a time when we are facing a national debt of more than $15 trillion, all cost savings count. "Again, thank you for the opportunity to speak on this legislation today. I would also like to thank Chairman Ross and Congressman Chaffetz for cosponsoring H.R. 2397. I would welcome the support of all members of Congress on this bill. I look forward to working together and hope that we can advance the Congressional Retirement Age Act."
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Congressional Pensions - 1995-03-10 - Product 63820-1-DVD - House Committee Government Reform and Oversight. Committee members heard testimony from representatives from members of Congress and other federal officials concerning whether congressional pensions should be made eqivalent to other federal employees' pensions or even eliminated entirely. Filmed by C-SPAN. Non-commercial use only. For more information, see http://www.c-spanvideo.org/program/63820-1
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Curriculum Vitae of Joe Cobb A.B., The University of Chicago, 1966 M.B.A., Graduate School of Business, University of Chicago, 1977 American Economic Association National Association of Business Economists (National Capital Chapter President 1986) CAREER HIGHLIGHTS AND ACHIEVEMENTS * Extensive public speaking and writing experience; over 1,200 articles published. * Served in the White House and U.S. State Dept. during the Reagan Administration. * Nine years of senior legislative staff experience with the United States Congress managing federal budget, tax law, international trade, and regulatory issues. * Adjunct Faculty member, Orange Coast College and Concordia University (retired May 2006). * Seasoned executive with more than 26 years of experience in management: Business, government, and non-profit foundations. Supervised professional management teams, from 3 to 8 professionals including accounting, budgeting, auditing, and human resources functions. Prepared and administered budgets of up to $14 million annually, for government and non-profit organizations as large as 120 employees. Established computerized office systems and trained staff on software. THE WHITE HOUSE & U.S. STATE DEPARTMENT 1982 Deputy Director, White House Office of Policy Information Staff director, responsible for preparation of briefing papers on immediate-news issues for senior White House staff, reporting to Assistant to the President and Domestic Policy Advisor Edwin L. Harper; top-secret security clearance. 1982-83 Economic Advisor, U.S. Mission to the O.A.S., U.S. Department of State Reporting to Ambassador J. William Middendorf, conducted research and prepared reports on U.S. trade policy with Latin America and the international financial situation with particular focus on Latin American debt; participated in preliminary Administration concept-discussions for NAFTA; top-secret security clearance. U.S. CONGRESS 1992-93 Chief Economist, Republican Policy Committee, U.S. Senate Reporting to Senator Don Nickles (R-OK), responsible for publications, briefings, reports, and analyses of economic trends, statistics, and policy. Legislative responsibility for Senate floor consideration of bills reported from Senate Budget, Finance, and Banking Committees as well as Senators floor amendments and conference committee reports; secret security clearance. 1990-91 Staff Director, Congressional Joint Economic Committee Reporting to Senator William V. Roth (R-DE), responsible for management, organization of Committee hearings, editing of research reports, and the preparation of Minority views for Joint Economic Committee 1991 Annual Report; secret security clearance. 1987-90 Senior Economist, Congressional Joint Economic Committee Detailed to Senator Steve Symms (R-ID) to work with the Senate Finance Committee and Budget Committee on issues of taxation, trade, and fiscal policy; secret security clearance. 1985-87 Senior Economist, Congressional Joint Economic Committee Reporting to Senator James Abdnor (R-SD), committee staff economist responsible for monetary theory and policy, international capital markets, and banking regulation; secret security clearance. 1983-85 Economist, Banking Committee, U.S. House of Representatives Reporting to Congressman Ron Paul (R-TX), prepared research papers for use by the Committee, organized hearings, received constituents on behalf of members. 1983-85 Public Law 99-185, Gold Bullion Coin Act of 1985″ Conceived and drafted legislation to authorize the United States Mint to issue legal tender gold bullion coins as a permanent program of the U.S. Treasury. Gold had been prohibited in 1933. Repeal of prohibition met significant initial opposition, but this legislation ultimately won majority support due to my efforts.
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Sub Headline: In Retirement Planning, Everything Is Correlated Synopsis: Sir Isaac Newton’s Third Law of Motion has been distilled down to a simple axiom, “to every action there is an equal and opposite reaction.” Money in motion has a similar financial counterpart related to the science of physics. When you receive income, you’ve become the great prime mover. You’ve put money in motion. You’ve initiated a cascading domino effect that may have multiple tax ramifications, especially for Social Security benefits in retirement. Content: You just can’t put money in motion without determining its overall impact on your tax bill. Why? Because in retirement, every dollar matters. It’s surprising most people will plan for a 30-day vacation, but not plan for their 30-year retirement. Learning the basic rules of economic engagement can help you keep more of your hard-earned money. Watch the interview on retirement planning with Tom Hegna, popular platform speaker, retirement expert and best selling author. Tom has two retirement books entitled Don’t Worry Retire Happy and Paychecks and Playchecks. Tom has also hosted the PBS Special, “Don’t Worry Retire Happy.” The U.S. tax system is the most integrated and convoluted tax trap ever created from the vain imaginations of men. Almost every type of income imaginable is purposely correlated to capture the most tax revenue, especially in retirement. A good retirement course of action is going to manage taxes as a key strategy to put more money in your pocket. Some seniors believe municipal bond income is the way to reduce their tax bill. But with one retiree, the quest for tax-free income from his municipal bond holdings resulted in multiple taxable events. That senior’s portfolio was inordinately rich in municipal bonds. The “psychonomics” revealed his utter hatred for taxes. Sadly, some of his municipal holdings were treated as preference items and triggered the alternative minimum tax. One bond actually appreciated and triggering a capital gain tax. But all of his municipal bond income was includable for Social Security, resulting in an ordinary income tax on his benefits. Everything is correlated. So before you put money in motion, determine the tax ramifications first. Keep in mind almost every form of income is includable in the Social Security provisional income test. As a result, many seniors pay ordinary income tax at the second Social Security tier, but not income from a Roth IRA, reverse mortgage or policy loans from a non-modified endowment life insurance contract. It is conceivable with certain deductions and exemptions, simultaneous income from Social Security benefits, Roth IRAs, a reverse mortgage and policy loans from a non-modified endowment life insurance contract can all be distributed tax-free. That’s money in motion in its most efficient use, i.e., more money in your pocket. Nationally syndicated financial columnist Steve Savant interviews Tom Hegna, popular platform speaker, retirement expert and best selling author. Tom has two retirement books entitled Don’t Worry Retire Happy and Paychecks and Playchecks. Tom has also hosted the PBS Special, Don’t Worry Retire Happy. (www.rightonthemoneyshow.com) https://youtu.be/LZKj7-QROW8
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About 10,000 retired coal miners and their families descended upon the U.S. Congress on Thursday to pressure lawmakers for pension protection. The stalled legislation would prevent 22,000 of them from losing their pension and health benefits as soon as early 2017. A bipartisan group of senators is trying to pass legislation to ensure the retirees' coverage with the United Mine Workers of America’s retirement and healthcare funds. Those funds are dwindling as some coal companies drop benefits in their bankruptcy proceedings.With just weeks to go before the presidential and congressional elections in November, time for passage of the bill is limited. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/kiGKIz5lkiI/us-usa-coal-pensions-idUSKCN11E2B0 http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
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Rep. Mike Bishop (R-MI) on 401k's, pension plans and tax cuts 2.0 and how this will help constituents of both parties across the board.
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Tannis Dawson, high net worth planner at TD Wealth, joins Kim Parlee to tell us what new Canada Pension Plan reforms mean to us.
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2018-06-13: U.S. Sen. Heidi Heitkamp hears employer perspectives on multiemployer pension plans in the fourth hearing of the 16-person bipartisan, House and Senate Joint Select Committee tasked with solving the crisis facing multiemployer pension plans across the country, including threatening 2,000 North Dakotans and 400,000 pension fund participants nationwide who paid into the Central States Pension Fund.
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Organized labour wants to expand the Canada Pension Plan to provide a better retirement for people. Private pensions are having problems, the CPP can provide a successful alternative as long as we are careful about how it is managed. We all know about the CPP, but maybe not as much as we think; Stan Dzbik of the Victoria Labour Council fills us in, along with Ken Georgetti of the Canadian Labour Congress, Mike Eso of the VLC, Dr. Michael Prince UVIC Professor of Social Policy, BC Forum president Gerry Edwards and Hassan Yussuf, secretary-treasurer of the Canadian Labour Congress. An important issue that we'd better be keeping our eye on. © 2010/2012 Lazarus Productions
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Employer Perspectives on Multiemployer Pension Plans
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http://www.mikeshoenforcongress.com Mike Shoen for Congress in a primarily republican district vs. Ben Quayle. Mike Shoen is a former prosecutor and trial attorney who is running for congress for Arizona District 3 2010 election. Mike is a true Ron Paul Conservative / Republican / Libertarian. Comment Subscribe and Vote for me, Thank you! Mike. I will donate my entire congressional salary to the working poor. That I promise to you. The Congressional retirement program is far more detrimental that Ron Paul and one other congressman, have NOT participated in. This program is given to any congressman who serves more than 5 years. Of approximately $80,000 per year in retirement benefits On Social Security you get $1,000 per month. Your Congressman gets $80,000 per year, this is fundamentally WRONG! A congressperson should have the same type of social security as a citizen gets. I would never accept a penny from the congressional pension. It is FUNDAMENTALLY WRONG! We are being RIPPED OFF! We need to stop the system for congressional pension. Vote for Mike Shoen Libertarian for district 3 Arizona Comment, Subscribe and Vote for me, Thank you! Mike. http://www.FreedomsPhoenix.com invites all candidates to the studio. Produced by http://www.PhoenixBizTV.org
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Retired truck drivers in Georgia and across the U.S. are calling on Congress to protect earned pension benefits. Learn more about the fight to protect pensions via the Central States website https://mycentralstatespension.org/congressional-campaign Or on the Teamsters site here https://teamster.org/protect-pensions/news
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Bernard "Bernie" Sanders (born September 8, 1941) is an American politician and the junior United States senator from Vermont. A Democrat as of 2015, he had been the longest-serving independent in U.S. congressional history. Sanders has been the ranking minority member on the Senate Budget Committee since January 2015. He is a candidate for President of the United States in the 2016 U.S. presidential election. Sanders was born and raised in the borough of Brooklyn, in New York City. He graduated from the University of Chicago in 1964. While a student, Sanders was a member of the Young People's Socialist League and an active civil rights protest organizer for the Congress of Racial Equality and the Student Nonviolent Coordinating Committee. In 1963, he participated in the March on Washington for Jobs and Freedom where Martin Luther King, Jr. gave his "I Have a Dream" speech. After settling in Vermont in 1968, Sanders ran unsuccessful third-party campaigns for governor and U.S. senator in the early to mid-1970s. As an independent, he was elected mayor of Burlington, Vermont's most populous city, in 1981. He was reelected three times. In 1990, he was elected to represent Vermont's at-large congressional district in the U.S. House of Representatives. In 1991, Sanders co-founded the Congressional Progressive Caucus. He served as a congressman for 16 years before being elected to the U.S. Senate in 2006. In 2012, he was reelected by a large margin, capturing almost 71% of the popular vote. Sanders has long been critical of U.S. foreign policy and was an early and outspoken opponent of the Iraq War. He rose to national prominence following his 2010 filibuster against the proposed extension of the Bush tax cuts. Sanders favors policies similar to those of social democratic parties in Europe, particularly those instituted by the Nordic countries. He is a leading progressive voice on issues such as income inequality, universal healthcare, parental leave, climate change, LGBT rights, and campaign finance reform. He is also outspoken on civil rights and civil liberties, and has been particularly critical of racial discrimination in the criminal justice system and mass surveillance policies such as the USA PATRIOT Act and the NSA surveillance programs. Sanders announced his intention to seek the Democratic Party's nomination for president on April 30, 2015, in an address on the Capitol lawn. His campaign was officially launched on May 26, 2015, in Burlington. In his announcement, Sanders said, "I don't believe that the men and women who defended American democracy fought to create a situation where billionaires own the political process." Senator Elizabeth Warren welcomed Sanders' entry into the race, saying, "I'm glad to see him get out there and give his version of what leadership in this country should be." On June 19, 2015, the "Ready For Warren" organization (Warren resisted calls to become a candidate herself) endorsed Sanders and rebranded itself "Ready to Fight". Sanders stated that he would not pursue funding through a "Super PAC", instead focusing on small individual donations. His presidential campaign raised $1.5 million within 24 hours of his official announcement. After four days, the campaign had raised $3 million from small donors, with an average of $43 per donation. On July 2, the campaign announced that it had raised $15 million from 250,000 donors. On September 30, The New York Times reported that Sanders had raised $26 million over the preceding three months, exceeding Barack Obama's pace of fundraising in 2008; the campaign announced that it had reached one million individual donations, becoming the first 2016 candidate to reach that threshold. On December 20, the Sanders campaign announced it had reached 2.3 million donations, breaking Obama's 2011 record for the highest number of contributions for a White House bid. At year's end the campaign had raised a total of $73 million from more than one million people making 2.5 million donations, with an average donation of $27.16. Sanders has used social media to help his campaign gain momentum. He posts content to online platforms such as Twitter and Facebook, and has answered questions on Reddit. Sanders has also gained a large grassroots organizational following online. A July 29 meetup organized online brought 100,000 supporters to more than 3,500 simultaneous events nationwide. Sanders has received over one million individual online donations. He has credited this to his "organic" approach to social media, and to writing his campaign's online postings himself. https://en.wikipedia.org/wiki/Bernie_Sanders
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As 16,300 retired American coal miners and their families face a loss of healthcare and pensions promised to them, Republican leaders in the U.S. House and Senate have refused to act on a bipartisan plan to address the crisis. Now time has run out, and U.S. Senator Claire McCaskill today announced she will vote against Congress’ final legislation this year—a government spending bill—after Republican leaders refused to include the bipartisan Miners Protection Act in the legislation. McCaskill cited a letter she received from Billy Hull, a retired coal miner with nearly 30 years working at the Peabody Coal Power Mine near Montrose, Missouri. Mr. Hull wrote to McCaskill earlier this year, saying in part: “My wife Earlene is a 2 time cancer survivor and I suffered a stroke in 2012. If we lose our benefits it will be hard for us to afford our medicine cost. Due to the bankruptcy of both Peabody Coal Co. and the Patriot Coal Company the Patriot VEBA fund will be exhausted in late 2016 leaving us without pension and healthcare benefits…” “Here’s the question Americans should always be asking every member of Congress: who are you fighting for?” McCaskill said. “Billy Hull is who I’m fighting for. Passing a bipartisan fix for these miners would mean they won’t have to spend the holidays terrified of losing their healthcare. Missouri’s own Harry Truman—whose Senate seat I hold today—made a promise to these coal miners when he was President. I’m fighting to keep his promise. “I’ve been hearing Republican leaders in the U.S. House complain that they’ve already left Washington, D.C. to get home early for Christmas—so the government funding bill they approved and sent to the Senate, though it only includes a 4-month extension for these miners’ healthcare, will just have to be good enough,” McCaskill added. “Well, I don’t know who these U.S. House Republicans are fighting for, but it’s not working Americans like Billy Hull and the thousands like him whose blood, sweat, and tears powered our nation for generations, and yet don’t have the peace of mind that those members of the U.S. House are blessed with.” On December 31, thousands of retired miners and their widows are scheduled to lose their health insurance. Congressional Republicans included a four-month extension of this insurance in the spending bill—barely giving the miners another month of coverage before they would receive a 90-day notice of cancellation. McCaskill is pushing for certainty for these retirees and their families with the permanent health insurance solutions in the Miners Protection Act, so they aren’t facing the loss of their insurance every few months. McCaskill also highlighted President-elect Donald Trump’s repeated statements of support for America’s coal miners, and called on him to urge Republican leaders in the U.S. House and Senate to address the pending crisis. Two years ago, McCaskill was the only member of the Missouri Congressional delegation to vote against a sprawling, $1 trillion end-of-year spending package. Tucked into that “omnibus” spending bill was a provision allowing for deep cuts to retiree benefits for 32,000 Missourians participating in the Central States Pension Plan. McCaskill is a strong supporter and cosponsor of the Keep Our Pension Promises Act, which would repeal the law that allows for massive pension cuts.
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Ninety-year-old Jakob Denzinger sits by his apartment window in Croatia aware that he has become embroiled in a legal battle thousands of kilometres away in Washington. For Denzinger is one of dozens of suspected Nazi war criminals who were allowed to collect pensions if they agreed to leave the US in the 1970s. Denzinger and others lied about their Nazi pasts particularly if they had served in any of the notorious concentration camps. They fled to America following World War ll and became U… READ MORE : http://www.euronews.com/2014/10/21/us-congress-vows-to-close-exiled-nazi-pensions-loophole What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 14 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
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Defined benefit Plans In addition to qualified and non-qualified plans, pension plans also can be divided into defined benefit plans and defined contribution plans. Defined benefit plans are the traditional pension plans usually offered by large, established companies or government employers. Defined contribution plans are newer creations and include 401(k) and 403(b) savings plans. How defined benefit plans work Under a defined benefit plan a company typically makes a promise to provide a certain benefit to employees when they retire. The benefit, defined in advance, usually depends on the employee's salary and the number of years of employment. For example, a company may promise to make payments of $40 per month times the number of years of service. Under this formula a person who retired after twenty years would receive $800 in monthly benefits. Notice the future benefit is defined in advance. Now it's up to the company to contribute enough money and manage the investments well enough to meet these promises. Why defined benefit plans are disappearing These defined benefit programs, however, are becoming increasingly rare. Because they promise a defined benefit, the employer is liable for keeping its promises. If the stock and bond markets perform poorly, the employer must chip more money into the plan to meet its obligations. Defined benefit programs are also expensive to manage. Because benefits are often promised for the life of the worker, defined benefit plans require complex actuarial calculations to ensure the benefits will be paid. Although defined benefit plans are losing their popularity, they still cover tens of millions of workers at large companies and government employers, so let's take a closer look at them. History of defined benefit programs and the PBGC Corporate pensions began to become popular in America in the 1930s and these retirement plans were almost exclusively defined benefit plans. These plans underwent a radical change in 1974 when Congress passed the Employee Retirement Income Security Act after the bankruptcy of a few large companies and the subsequent destruction of their pension plans. With the passage of ERISA, almost all large pension plans had to purchase insurance from a federally chartered corporation called the Pension Benefit Guaranty Corporation. If a company goes bankrupt and the pension plan is underfunded, the PBGC steps in and makes payments to the retirees. However the PBGC doesn't guarantee special early retirement or medical benefits given to retirees, and it doesn't cover defined benefit plans offered by employers with 25 or fewer employees. Check on your pension plan's health So you should be aware of your pension plan's viability. Your company is required to give you an annual summary statement disclosing the pension's health. Each year you should also get an individual benefit sheet which shows what you might get from the pension. Also, companies are required to send notices to employees if the pension funding is less than 90 percent of liabilities. You also can request to see IRS Form 5500, a detailed form which qualified pension plans must file. Public employee pensions Finally, if you're an employee of a state or local government, you may want to look into your pension plan's finances as well. There are about 9,000 public employee pension plans covering 16 million teachers, firemen and other state and local workers. Many of these people are in plans that are seriously underfunded. When Congress passed ERISA to force private employers to disclose information and otherwise protect their pension plans, Congress exempted state and local governments. Politicians have taken advantage of this to use pension plans as a convenient way of buying votes now, while pushing the liability off to future taxpayers. By promising pension increases today, politicians can avoid ugly strikes with powerful unions. When workers retire with increased benefits 20 years from now, the politicians responsible for this shell game will be long gone. This has lead to some seriously underfunded pension plans. Many midwest and New England states have funded only 60 percent of their pension liability. One of the worst offenders is the West Virginia Teachers' Retirement System. It recently had a liability of $3.7 billion, and yet had under $400 million in assets. Of course the worst offender is the federal government, which has an unfunded pension liability for it's workers of hundreds of billions of dollars. If you work for a government agency that has a seriously underfunded pension plan, you should save a little extra money on your own. You'll probably get some kind of pension, but it's doubtful that tomorrow's taxpayers will be willing to pay for untenable promises made by yesterday's politicians. You're lucky if you have a defined benefit plan Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/060-defined-benefit-plans
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Thousands of retirees are facing extreme pension cuts from the Central States Pension Plan. U.S. Department of Treasury's Ken Feinberg and U.S. Representative Emanuel Cleaver, II visited Kansas City to hear their stories.
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Democracy Now! is your independent media. You count on us to dig deeper and connect the dots between the issues you’ve cared about for years and the news headlines each day. We urgently need your help to bring you the news you've come to depend on every day. Please donate today: http://owl.li/VBVgh The seventh largest economy in the world has “de-linked carbon from GDP,” says Kevin de León, president pro tem of the California Senate. De León led the effort in the California Senate to pass a resolution to divest two of the world’s largest pension funds from fossil fuels: CalPERS and CalSTRS, the California Public Employees Retirement System and California State Teachers’ Retirement System. Together the two funds represent nearly $500 billion in assets. California is in its fifth year of a massive drought, de León notes, and has faced devastating forest fires linked to climate change. We also speak wtih Bill McKibben, co-founder of 350.org, which has played an instrumental role in the divestment movement. Democracynow.org - Democracy Now!, is an independent global news hour that airs weekdays on 1,300+ TV and radio stations Monday through Friday. Watch our livestream 8-9am ET: http://democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today: http://democracynow.org/donate FOLLOW DEMOCRACY NOW! ONLINE: Facebook: http://facebook.com/democracynow Twitter: https://twitter.com/democracynow YouTube: http://youtube.com/user/democracynow SoundCloud: http://soundcloud.com/democracynow Daily Email: http://democracynow.org/subscribe Google+: https://plus.google.com/+DemocracyNow Instagram: http://instagram.com/democracynow Tumblr: http://democracynow.tumblr Pinterest: http://pinterest.com/democracynow iTunes: https://itunes.apple.com/podcast/democracy-now!-audio/id73802554 TuneIn: http://tunein.com/radio/Democracy-Now-p90/ Stitcher Radio: http://www.stitcher.com/podcast/democracy-now
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This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish The United States Postal Service has reported a loss of over $5 billion from April to June. The Postal Service says it expects to report a loss of $15 billion for the 12-month period ending in September. And it has warned of even bigger losses if Congress does not let mail service change the way it does business. The United States Postal Service, or USPS, has a history as long as the nation's own. Benjamin Franklin was appointed the first Postmaster General, or head of the Postal Service, in 1775. But the Postal Service says its income has not kept up with growing costs. For example, profitable first class mail is decreasing. The service says most of its recent losses resulted from making payments to its health care program for retirees. About a billion dollars of the loss was for payments to injured workers. The news from April to June was not all bad. Improvements in the economy fueled income growth of nine percent from shipping and delivery. The Postal Service says it is less costly to send letters and packages in the mail than to use private companies. The USPS says it has cut operating costs by a total of $14 billion in the past five years. To improve its financial health, the agency has proposed cutting service on Saturdays. It wants Congress to cancel a requirement that the Postal Service make payments to its health care program for retired workers. USPS also wants the Treasury Department to return $11 billion in payments made to its pension plan for retirees. On August first, USPS failed to make a required payment of $5.5 billion for health care benefits for future retirees. It was the first time the Postal Service has ever failed to make such a payment. And, the service is warning that it may have to delay making payments to companies to which it owes money. The Postal Service says that without major changes, it will continue to lose billions of dollars a year. The Washington Post newspaper reported that Postmaster General Patrick Donahoe told reporters "Congress needs to act responsibly." In his words, "this is no way to run any kind of business." The Postal Service receives income for its operations from the sale of stamps, products and shipping services. It does not receive direct government assistance, but is controlled by the federal government. For VOA Learning English, I'm Laurel Bowman. (Adapted from a radio program broadcast 31Aug2012)
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Despite protests in opposition, some of which turned violent, Argentina's Congress passed a pension system overhaul on Tuesday. Those opposed to the change say it will hurt retirees, but the government says it will cut the country's deficit. CGTN's Joel Richards reports.
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Congress member D.K.Aruna aggravates about pensions not being given properly which is causing farmers to commit suicide. ► Download TV5 Android App: http://goo.gl/8mMEOX ► Subscribe to TV5 News Channel: http://goo.gl/NHJD9 ► Like us on Facebook: http://www.facebook.com/tv5newschannel ► Follow us on Twitter: https://twitter.com/tv5newsnow ► Circle us on TV5 News Channel G+: https://plus.google.com/+tv5newschannel ► Follow us on Pinterest: https://www.pinterest.com/tv5newschannel WATCH TV5 SHOWS: ► People's Manifesto : http://goo.gl/qzzpZC ► Thamasoma Jyothirgamaya : http://goo.gl/sp30zP ► Task Force : http://goo.gl/t6amTN ► Suparichithudu Comedy Spoof : http://goo.gl/CfKjbz ► Speedo Meter : http://goo.gl/JZ7Oow ► Let's Vote for Change : http://goo.gl/k7OMgR
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The majority of public sector workers rely on pensions for retirement income, but the promise of pensions is at risk according to a report from Prudential Retirement. According to Prudential Retirement’s study, two thirds of public sector workers say their decision to pursue a career in the public sector was influenced by the benefits of a public pension plan. But, the report says the U.S. government is facing a possible payout shortfall of $3.4 trillion and employers may not be able to deliver on promised benefits to employees. The study says public sector employees need to act now before it’s too late, but only one third of public sector workers currently consult a financial advisor.
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Subscribe to Vesti News https://www.youtube.com/channel/UCa8MaD6gQscto_Nq1i49iew?sub_confirmation=1 Today, the US congressional delegation was received in Moscow. The congressmen came here to discuss the upcoming meeting between the leaders of the US and Russia. "Moscow and Washington can be competitors in areas such as sports, but they're not adversaries." That's how the congressmen who visited our capital today views the relations between our two countries.
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2018-07-25: U.S. Sen. Heidi Heitkamp participated in the fifth hearing of the 16-person bipartisan, House and Senate Joint Select Committee tasked with solving the crisis facing multiemployer pension plans across the country, including threatening more than 2,000 North Dakotans who paid into the Central States Pension Fund. Following the hearing, Heitkamp hosted a video livestream on Facebook featuring workers, retirees, and their representatives in Congress sharing stories about how the nationwide pension crisis is impacting them. Click here to watch the full stream: https://www.facebook.com/SenatorHeidiHeitkamp/videos/1856284241061600/?notif_id=1532533535996984¬if_t=live_video (Source: KVRR)
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Social Security has secure, convenient, and free online services to help you with your financial planning at https://www.ssa.gov/
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Retired workers and people close to retirement are worried that companies are going to cut their pension plans.
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Recorded on October 24, 2017 How old are entitlement programs in the United States? Entitlement programs are as old as the Republic, according to John Cogan, former deputy director of the US Office of Management and Budget (OMB) and a Hoover Institution senior fellow. Cogan joins Peter Robinson to discuss his latest book, The High Cost of Good Intentions,on the necessity for entitlement reform in the United States. Currently there are a bevy of entitlement programs in the United States, each costing a large percentage of the federal budget each year. These programs are open-ended and hard to estimate into the budget because people with the average number of benefits vary greatly from year to year. These programs have become complex and bloated over the many years since they’ve been instated and are in dire need of reform. According to John Cogan, entitlement programs such as pensions, Medicaid, and Social Security have been a part of US history since the Revolutionary War when Congress first created pensions for all the soldiers who had served the Republic during the war. Congress then went on to expand entitlement programs after the Civil War to include soldiers who had fought in the war. Entitlements remained restricted to only those who had served the Republic until the New Deal when entitlements were extended to all citizens above a certain age (Social Security). This was the first time that entitlements were given to citizens who had not served. This was also the first time that entitlements were granted to everyone until the end of time. For the full transcript go to https://www.hoover.org/research/high-cost-good-intentions-featuring-john-cogan Interested in exclusive Uncommon Knowledge content? Check out Uncommon Knowledge on social media! Facebook: https://www.facebook.com/UncKnowledge/ Twitter: https://www.twitter.com/UncKnowledge/ Instagram: https://instagram.com/uncommon_knowledge_show
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U.S. Senator Heidi Heitkamp took to the floor of the U.S. Senate on April 28, 2016 to stress how the proposed cuts to the Central States Pension Plan would unfairly hurt workers and retirees.
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2016-08-16: U.S. Senator Heidi Heitkamp joined North Dakota workers, retirees, and their families at the F-M Labor Temple to call on Congress to come together and find a bipartisan solution that protects the retirement savings of the 2,000 North Dakotans and 400,000 retirees nationwide that have paid into Central States Pension Plan. (Source: WDAZ)
Просмотров: 3 U.S. Senator Heidi Heitkamp
Dan Lungren has a plan for retirement. Where he gives career politicians like himself a gold-plated health plan and collects a guaranteed pension for life. But for us? Lungren voted to raise the retirement age for Social Security. And voted for a bill that would essentially end Medicare. Costing seniors more than six thousand dollars a year. Plan to retire someday? Better retire Dan.
Просмотров: 543 DCCCVideo2012
Carl DeMaio launched his campaign for US Congress with a simple pledge: Let's Fix Congress First. DeMaio, who has produced an exceptional record of helping balance San Diego's budget and author of the San Diego Pension Reform Initiative, says he will bring the same level of reform to Washington. Carl DeMaio is known for working across party lines to get reform done. More at www.CarlDeMaio.com Carl DeMaio knows how to reform government - and he has built an entire business and a political career on making broken government programs work again for the people. At the age of 23, Carl DeMaio started his first company -- the Performance Institute -- to provide training and consulting solutions to help financially-troubled government entities cut costs while improving performance. Carl DeMaio turned his business success into a life-long crusade to improve the performance, transparency, efficiency and accountability of government at all levels. Not content to wait for city leaders to implement reforms, Carl DeMaio has repeatedly taken his case to the voters -- sponsoring city-wide voter education drives during each election, helping defeat tax and fee increases, and sponsoring a number of reform ballot measures. In 2012, Carl DeMaio authored and led the coalition to pass the landmark "Pension Reform Initiative" that ends pension spiking abuses, caps pensionable payouts, and closes the city's troubled pension system and gives new hires 401(k) style retirement accounts instead. Carl DeMaio has fought wasteful spending by using his Council position to direct performance audits of city departments and thoroughly reviewing department budget requests. Carl DeMaio has offered a laundry list of cost-saving proposals to the Mayor and City Council. By educating and engaging the public on these common sense proposals, Carl was successful in getting a significant number of reforms enacted on bipartisan votes of the City Council -- saving over $150 million dollars during his term in office. Carl DeMaio also won bipartisan votes on his other important reform proposals - ranging from a measure to cut red tape on small business districts to his "Sunshine Law" to expand public access to a wide range of city government documents making San Diego one of the more transparent local governments in the nation. In May 2012, the UT San Diego noted "Carl DeMaio has a record of getting things done -- the right things." At a time when the public is frustrated with the lack of results by elected officials at all levels, Carl DeMaio stands out as a unique leader. Carl DeMaio leads by example -- slashing his own compensation by 22% on day one of his city council term and rejecting enrollment in overly-generous the elected officials' pension program. Carl DeMaio cut his own city council budget by 15% on day one -- and returned over $600,000 to the city treasury during his term. Carl DeMaio believes that elected officials should be judged based on their results, not rhetoric. To help change the culture of government, elected officials must demonstrate reform by applying it to themselves first. "If we want to change government, we have to change the kind of people we are electing to office. I want to be part of that change, and so far, our approach seems to be working to get the kind of results citizens deserve," concludes DeMaio.
Просмотров: 307 Carl DeMaio