NEW YORK (Reuters) – The former chief investment officer for New York State’s comptroller on Wednesday pleaded guilty to helping favored firms gain access to the state’s $129 billion pension fund.
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NEW YORK (Reuters) – New York state’s former top pension investment officer pleaded guilty to a felony for helping to steer hundreds of millions of investments to a political adviser and favored firms, Attorney General Andrew Cuomo said on Wednesday.
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RETIRE? ARE YOU KIDDING? A new survey released Tuesday by the Employee Benefit Research Institute shows the percentage of workers who say they’ve saved for retirement slid to 69 percent in January, down from 75 percent in 2009.
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A year after the stock market bottomed out, workers are still a bit pessimistic about having enough money for retirement.
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Even as big companies are moving their pension funds out of stocks, state governments are chasing higher returns for their plans by making riskier investments.
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CHARLESTON, W.Va. (AP) — The agency that manages pensions for West Virginia’s public workers is relenting on plans to increase premium charges sharply.
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As more adults near retirement age, gyms are adapting to meet the needs (and musical tastes) of a less-agile membership.
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Nearly one in five of the businesses created in 2008 were by people 55 and older, but success isn’t as easy as some make it seem.
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Many emerging jobs are are a natural fit for older people looking for new career opportunities.
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Regulators say older investors should be aware of fraudulent investment advisers who promise sure-thing returns for retirement savings.
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