JAL Soars After Most Retirees Back Pension Cuts

TOKYO (Reuters) – Shares of Japan Airlines Corp jumped 4 percent on Wednesday after the struggling carrier said most of its retirees were willing to accept cuts to pension payouts.

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JAL Shares Soar After Most Retirees Back Pension Cuts

TOKYO (Reuters) – Shares of Japan Airlines Corp jumped 4 percent on Wednesday after the struggling carrier said most retirees were willing to accept cuts to pension payouts.

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Posted in Retirement News

NY Judge Drops Most Charges in Rail Pension Case

MINEOLA, N.Y. (AP) — A New York judge has dismissed most of a 53-count indictment against a longtime Long Island Rail Road employee linked to a disability pension scandal.

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British Airways Pension Deficit Swells

LONDON/MADRID (Reuters) – British Airways’ pension deficit more than doubled to 3.7 billion pounds at the end of March, it revealed on Monday, higher than analysts expected but not seen as big enough to derail a merger with Spain’s Iberia.

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BA Pension Deficit Swells to £3.7 Billion

LONDON (Reuters) – British Airways said on Monday that its pension deficit had swelled to 3.7 billion pounds, giving Spain’s Iberia a get out clause if it wants to call time on their long-planned merger.

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Players in Europe Ponder an N.B.A. Pension

Basketball players lured by large contracts overseas still have their eyes on a reliable, if modest, pension paid by the N.B.A.

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Players in Europe Keep Eye on N.B.A. Benefit

Basketball players lured by large contracts overseas still have their eyes on a reliable, if modest, pension paid by the N.B.A.

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Posted in Retirement News

Pa. Teachers’ Pension Sees Billions in Costs Ahead

HARRISBURG, Pa. (AP) — The Pennsylvania Public School Employees’ Retirement System says it’s going to need more than $4 billion annually in additional taxpayer money in the coming years.

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Feb. 1 Retirement Date Set for NC Blue Cross CEO

CHAPEL HILL, N.C. (AP) — The chief executive of North Carolina’s largest health insurer is retiring Feb. 1.

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A.I.G. Units Omit Name and Excel

A.I.G. is once again the top seller of fixed annuities to bank customers, although the contracts are being offered under the names of two subsidiaries.

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