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Retirements - Pensions

  • An All-American Retirement System: Building for the Future
    6 April 2011 par (Open-Publishing)

    While Congress bickers and the President dithers, roads are crumbling, bridges are failing, dams are cracking, and water and sewer systems are leaking all across the United States. If that’s not enough to worry about, the government is threatening to default on the $2.5 Trillion it has borrowed from the Social Security Trust Fund, and few private employers are offering decent retirement plans.
    A simple solution to all of these problems can be found in a secure national retirement system (…)

  • France joins Ireland in ‘raiding national pension fund’
    30 November 2010 par (Open-Publishing)

    France has reportedly passed a law to use the assets in its €36 billion national reserve pension fund to pay off welfare system debts, as Ireland tapped its own reserve pension fund to supplement an EU-IMF bailout.
    The assets of the French pension fund, the Fonds de réserve pour les retraites, have been moved into the agency in charge of refinancing the country’s social debt, Cades, Financial News reported.
    According to the newspaper, the fund will continue to control the assets, but as (…)

  • Financial News: France Seizes EUR36 Billion Of Pension Assets
    30 November 2010 par (Open-Publishing)

    Asset managers will have the chance to get billions of euros in mandates in the next few months for the EUR36 billion Fonds de R??serve pour les Retraites (FRR), the French reserve pension fund, after the French parliament last week passed a law to use its assets to pay off the debts of France’s welfare system.
    The assets have been transferred into the state’s social debt sinking fund Cades. The FRR will continue to control the assets, but as a third-party manager on behalf of Cades.
    The (…)

  • Sarkozy should retire, says France
    27 October 2010 par (Open-Publishing)

    By taking to the streets to defend their pension rights from regressive cuts, the French are fighting for all our benefits
    The demonstrations that have rocked France this past week highlight some of its differences from the United States. The photo here, for example shows the difference between rioting in baseball-playing versus soccer-playing countries. In the US, we would pick up the tear gas canister and throw it, rather than kick it, back at the police.
    More importantly, the French (…)

  • sarkozy’s own pension scheme
    19 October 2010 par (Open-Publishing)

    Politis, a french news paper explain one reason mr Sarkozy could be interested in passing his reform.
    His brother, Mr guillame Sarkozy his at the head of a company created in 2008 that sell pension scheme.
    Politis says, banks and insurance companies are looking forward the application of the reform that pushes the retirement age from 60 to 62.
    Mr Sarkozy (guillaume) is looking for a benefit of 1.2 billion euro within a few years. His company, has already make plans toward it.
    All that (…)

  • US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts
    5 September 2010 par (Open-Publishing)

    US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts
    By Patrick A. Heller on September 1st, 2010
    (http://www.dol.gov/ebsa/newsroom/2010/ebsa082610.html). It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.” The hearings are being conducted by the Labor Department’s Employee Benefits Security (…)

  • Collapse of Pension Funds: The End of Retirement?
    13 December 2008 par (Open-Publishing)

    Collapse of Pension Funds: The End of Retirement?
    by Shamus Cooke
    Global Research, December 13, 2008
    Unless things change fast, human history will show that the phenomenon of “retirement” was limited to one generation. After World War II, when European and Japanese economies stood in tatters, American capitalism could fulfill “the American dream,” since there was little foreign competition to speak of. For the first time ever, workers were promised that — after working thirty or so (…)

  • Solidarity with Grangemouth Workers !
    28 April 2008 par (Open-Publishing)

    Solidarity is proud to offer our 100% support to the oil refinery workers at Grangemouth.
    For the “crime” of refusing to accept the tearing up of their pension scheme they have been vilified by the Ineos management and sections of the press in Scotland. In a disgusting campaign the oil workers have been accused of “holding the country to ransom” and of being “hell bent on strike action.”
    In reality it is the Ineos Company led by billionaire James Ratcliffe who are responsible for this (…)

  • Greeks stage third nationwide general strike since December
    20 March 2008 par (Open-Publishing)

    The Associated Press Wednesday, March 19, 2008
    ATHENS, Greece: Riot police fired tear gas at demonstrators throwing rocks and firebombs in central Athens during a nationwide general strike Wednesday by millions of Greeks protesting government pension reforms.
    An estimated 100,000 people marched in downtown Athens, and when the demonstration ended, groups of anarchists fought running battles with riot police in the capital. Clouds of tear gas hung over Exarhia Square and cafe customers (…)

  • ONE MILLION WALK OUT BRITAIN’S BIGGEST DAY OF ACTION SINCE 1926 GENERAL STRIKE
    29 March 2006 par (Open-Publishing)

    Strike protests in Paris and London
    By Philip Johnston
    It was the best of strikes and it was the worst of strikes.
    Across Britain and France millions of public sector workers stopped work, in the former to protest about pension reforms and in the latter to block new youth employment contracts.
    But whereas in Britain the day was marked by nothing more revolutionary than picket lines and rallies, in France it ended with clashes on the streets. In Paris, where 700,000 marched, police (…)