$58 Billion Shortfall for New Jersey Retiree Care
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New Jerseyâs budget shortfall for retiree health care appears to be the biggest obligation among states that complied with a new accounting rule.
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Home care provider will feel the pinch from lower Medicare reimbursement.
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America is "very concerned" about healthcare in retirement. That's okay with us.
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The average property tax bill in New Jersey topped more than $6,300 last year, a 7 percent hike over what was already the nation's highest property taxes, new state figures show.
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Electronic Data Systems has offered voluntary early retirement options to about 17%, of its U.S. employees and will take a pretax charge of about $150 million in the fourth quarter as a result of the move.
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As politicians in the state capital haggled over how to fill a &#36;4.5 billion budget deficit, New Jersey&#039;s fiscal crisis was being felt across the state &amp;#151; casinos were closed, state offices were shuttered and many state employees stayed home.
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With tens of thousands of U.S. nuns over age 70, the Roman Catholic Church is facing a massive financial shortfall for the care of retirees in religious orders &#151; a gap that over the long term dwarfs costs from the clergy abuse crisis.
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Retirement benefits for U.S. public employees could cost states some $2.73 trillion over the next three decades, according to a report released on Tuesday by the Pew Charitable Trusts.
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HARTFORD, Conn. -- An investment firm that was found in breach of contract in a lawsuit involving the state&#39;s pension fund has settled for $15 million, the two sides announced Monday.
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Onge and John Hughes. The Pension Benefit Guaranty Corp., the federal agency that protects retirement plans for more than 44 million workers, said Monday that its deficit more than doubled to $23.
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WASHINGTON -- Maybe you're saving too much for retirement. You may also be eating too many vegetables, spending too much time with the kids, exercising too regularly, and doing your job too diligently.
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For today&#39;s workers hoping for medical benefits when they retire, the future is looking increasingly grim. Eight percent of employers interviewed said they had eliminated subsidized health benefits for future
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Older investors are facing tough economic realities as a result of the disappointing United States stock market this year.
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Company stock held within 401(k)s is like a bull in a china shop: A lot of damage can be done in a short amount of time.
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Retirees with company-sponsored medical benefits face higher costs, more restrictions and different plan options as their former employers move to curb their spending on such perks, a new study said.
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The US agency that insures the pensions of 44 million workers said its deficit more than doubled to $23.3 billion this year on the expectation additional company retirement plans will fail.
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SAN FRANCISCO (CBS.MW) -- Despite absorbing three straight years of double-digit increases in retiree health-care costs, more than half of employers that offer retiree health and drug coverage plan to keep it when the Medicare prescription drug benefit