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Federal retirement benefits likely target for GOP
trueFederal employees are bracing for more bad news about their retirement benefits as Republicans prepare to control both chambers of Congress.
Retirement issues likely to be addressed by Republican-led Congress
trueRetirement issues rarely came up during federal elections that gave Republicans control of the House and Senate on Tuesday, but that is expected to change when the 114th Congress convenes in January.
House passes Ryan budget with higher federal pension contributions
trueThe House of Representatives approved a fiscal 2015 federal budget Thursday that reduces corporate and personal tax rates and raises federal employees' pension contributions.
The pension fund cookie jar
trueCorporate defined benefit plans, still struggling to raise funding levels, are being used, in the words of one actuarial consultant, as a cookie jar by Congress to finance unrelated federal spending.
No new PBGC premium hikes in spending bill
trueHouse and Senate appropriators produced an omnibus spending bill late Monday that funds the U.S.government through September without another hike in PBGC premiums or other surprises.
Regulations in new year might look a lot like the old year for retirement plans
true2014 might seem like deja vu to many retirement plan sponsors.
Senate passes budget deal
trueThe Senate late Wednesday passed a two-year budget deal that calls for raising premiums paid to the PBGC and increasing federal employee retirement contributions to help offset spending hikes.
Budget deal includes pension provisions
trueU.S. budget negotiators have reached agreement on a deal that includes raising the contributions that federal employees make to their retirement plans and increasing premiums for pensions backed by the Pension Benefit Guaranty Corp.
CalPERS CIO: U.S. default would have 'catastrophic consequences'
trueA default by the U.S. government would have “catastrophic consequences” for the U.S economy, warned CalPERS Chief Investment Officer Joseph Dear on Monday.
Budget, debt ceiling gridlock not worrying investors ... yet
trueAs Washington policymakers deal with the deadline dramas of an expiring budget resolution and the federal debt ceiling, money managers and their institutional clients are taking it all in stride.
Fed likely to continue quantitative easing program
trueThe Federal Reserve is likely to continue or even expand its self-described “highly accommodative” monetary policy for some time, according to a statement issued Wednesday at the end of a two-day meeting of the Federal Open Market Committee.
Taxing pensions and 401(k)s
truePresident Barack Obama's federal budget proposal to restrict accumulations in retirement programs would, if enacted, affect in a direct way only a very few participants, but would undermine the pension system and hurt all participants in it.
Obama budget to cap retirement deductions
trueThe retirement- and investment-related tax proposals in President Barak Obama's fiscal 2014 budget are bargaining chips in the administration's battle with Republicans, Washington insiders say.
Fed stays put on federal funds rate and purchases
trueThe Federal Reserve Open Market Committee voted Wednesday to keep the federal funds rate at zero to 0.25% until the unemployment rate improves, and to continue monthly purchases of $85 billion in mortgage-backed and longer-term Treasury securities.
Fiscal debt drama has chill for markets
truehe following comments were overheard at a recent meeting of Debt-aholics Anonymous.