Tag: pensions
Proposed benefit cuts could hamper the state’s ability to attract quality public employees. The day after a New Jersey judge ruled that Governor Christie must make up $1.57 billion in pension underfunding, the governor’s commission to study New Jersey’s pension system proposed a complete overhaul of the State’s pensions. The overhaul would include: 1) freezing…
Allowing people to buy additional Social Security benefits might be a good use of modest 401(k) balances. The United Kingdom (UK) recently increased the Basic State Pension, but only for those born after April 6, 1951 (for men) and April 6, 1953 (for women). It has introduced a small, time-limited initiative that allows those born…
