Pensions, Retirement and Old Age

by Mike O'Sullivan

Age Canada Old Pension The organization's chief executive spoke in Los Angeles, where he agreed with President Bush that the Social Security system needs an overhaul, but disagreed with Mr. Bush on how to do it.

by Voanews President Bush has defended his new proposal to cut some retirement benefits as part of his reform of the U.S. pension program, Social Security. If you would like to receive late breaking news on issues covered by AXcess News then you need to subscribe.Print This Page April 30, 2005 (AXcess News) President Bush has defended his new proposal to cut some retirement benefits as part of his reform of the U.S. pension program, Social Security.

Funds Pension If you would like to receive late breaking news on issues covered by AXcess News then you need to subscribe.Print This Page

Finally, do not neglect your regular savings program for your retirement, in favor of saving for college. Saving into tax deferred retirement accounts is usually the best possible investment that you can make. Furthermore, your retirement accounts are ignored in the college financial aid formula. And, if necessary, you can use your retirement savings to pay for college by either withdrawing (without penalty) from your IRA accounts or taking a loan from your 401(k) plan.

Hancock John Pension April 21, 2005 (AXcess News) Washington - The largest U.S. organization of senior citizens, the AARP, is mobilizing its 35 million members against a White House plan to make private investment accounts a part of the U.S. retirement system known as Social Security. The organization's chief executive spoke in Los Angeles, where he agreed with President Bush that the Social Security system needs an overhaul, but disagreed with Mr. Bush on how to do it.

Gordon Brown has renamed the DTI the Department for Business, Enterprise and Regulatory Reform (DBERR) to reflect its focus on the reduction of red tape and a commitment to entrepreneurship. 2006 Older employees plan to keep on working Older employees are increasingly willing to work on past the traditional retirement age, according to a new survey. called 'baby boomers' have told Heydey, profit organisation set up by Age Concern, they want to work past the state pension age.

Pension Widow White House officials say private investment accounts would give workers a sense of ownership over the public pension program, and offer them some freedom in making investment decisions about the money that they pay into the system.

A study of both retired and working people has revealed major differences in how they perceive their future lives. Workers predicted they would retire at 62 and then consider themselves 'old' ten years later. The study found retirees were more likely to have stopped work at 60 and remain active till they reached 78 years of age. "Retirees clearly don’t think of themselves as old and past it, " said Steven Folkard, head of pensions and savings policy.

Fund Pension William Novelli of the AARP takes issue with Mr. Bush, although he agrees the system is troubled. He says too many workers of the "Baby Boom" generation, born after World War Two, are headed for retirement. He addressed a civic group called Town Hall Los Angeles, then spoke with VOA.

One core issue raised in the report was how much access could retirees have to their account funds. Would they be allowed to take lump sums upon retirement, -insurance contracts that guarantee monthly payments for life If annuities are required, will a government entity or private insurers provide them Under current law, insurance is regulated by the states, but a greater federal role might be desirable. And if retirees are given choices about purchasing annuities, who will advise them and to what extent would advisers be responsible for bad investment advice

Investment Pension "We don't take issue at all with what the president has done in terms of putting this on the top of the agenda, and secondly, saying that we've got to fix social security now for future generations,

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