Pension

I had some Life Insurance Policies with SBI Life ( i)Under their Unit Linked Scheme (ii) Pension Scheme.After continuing for 3 years,I had to surrender the above policies as I needed money. Kindly advise me whether whether surrender value will be be added to current year's income and taxable? whether the value of the Units/ Investments or Profit thereon,purchased by the Insurance C

Almost half of final salary pension funds have moved assets from equities to bonds in the past year, as they respond to market volatility and aim to match assets more closely with liabilities, figures show.Some 46 percent of British defined benefits schemes, collectively worth billions of pounds, have reallocated funds from equities to bonds in the past 12 months, according to a survey by Aon Cons

Please advise the IT section no. under which standard deduction from the Pension income is applicable & what is the limit.Also advise, whether the standard deduction is applicable for Pension / Annuity received under LIC Superannuation Scheme. Shirish S. Gandhi ,Anand ,GujaratYour question has two limbs -one regarding pension received from employer and other pension or annuity received under L

Pensioners could lose up to half their spending power over ten years if pensioner inflation remains at around six per cent a year, Standard Life is warning.Using government inflation figures and Office of National Statistics data, the investment and banking company calculated that someone with a pension pot of £80,000, buying a level annuity, would spend their entire monthly income on basic livin

Pay into your company pension. Pensions often get a bad press because of the necessity of purchasing an annuity at retirement, and as soon as the stockmarkets plunge (and share’s aren’t doing too well just now of course), everyone gets very nervy about the value of their pension. But they are a GREAT way to [...]

It took me a wee bit more time than usual to read the Economist this week. Many reasons to that, some of them being work related, others being personal - those who know me well will understand easily… This week extract from my Economist reading is the trouble with pensions article. It is on the lengthy [...]

Die Zahl der Rentner und Pensionäre wächst stetig. Besonders deutsche Rentner gelten als aktiv und reiselustig. Es überrascht Finanz-Spezialisten und Bänker daher nicht, dass die Nachfrage nach Kreditkarten in der Altersgruppe der über 60-jährigen in den letzten Jahren enorm gestiegen ist. Leider hat bisher noch keine Internet Bank auf diese Herausforderung reagiert und eine [...]

China's $74 billion national pension fund said it has received approval to invest up to 10 percent of its assets in private equity funds. The National Council for Social Security Fund,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

I'm busy with curriculum writing this week and haven't posted much but here are a couple of quick hits. And I'm willing to support this first one - even without a seat at the table.This from H-L:FRANKFORT --Three Kentucky education groups are backing Gov. Steve Beshear's plan for a special legislative session later this month on public employee pension reform.In a joint announcement Tuesday, the K

Since the dependency in old age is increasing as time progress with a steady increase in the number of senior citizens, pension mortgages are going to save their day. The only care to be taken is regarding the mode of repayment. Any delays would cause social embarrassment. Thus, Independent financial advice should be sought before purchasing such a product.

Pension funds are outstanding when it comes to losing money. Tired of the old ways of just putting money into stocks and bonds, they now invest in private... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

A beatiful, family owned pension and restaurant located right by the seaside. They have airconditioned rooms with very simple furnish. As everyone is out of the room the whole time, there is no need to furnish the rooms with high end. Pension has wireless internet access.You may either choose from half board or bed and breakfast. They have a large garden right behind the pension where they grow al

Lamento que el publico se enterara por otras personas y no por ella misma, dice la Actriz Erika Buenfil.  Ella no pedira pension alimenticia, tampoco sacara ventaja de este problema.  El niño no sabe quien es el padre, ese es el acuerdo entre ellos.  Ademas si Ernesto Zedillo Jr, quiere darle algo a su hijo [...]

Yes is the emphatice answer .The provision given under the United Nations (Privileges And Immunities) Act, 1947 shall override all other laws passed in India , is given in section 2 which is as under :2. Conferment on United Nations and its representatives and officersand certain privileges and immunities.(1) Notwithstanding anything to the country contained in any other law, the provisions set

Opting for a pension transfer is something you can do at any stage of your working career.Like many investment decisions, though, the timing of a pension transfer is crucial, and it’s for this reason that you shouldn’t transfer your pension without consulting a pensions expert. There are several factors to take into consideration when you are thinking about transferring your pension:Why do you

Who's talking about it? Senator Bob Brown, the leader of the Australian Green Party, has again this week asked the government to increase state pensions by $30 a week, something he asks for on a regular basis (he asked again...

This from the Governor's Office:FRANKFORT, KY – According to recently released reports from two national financial ratings services, Kentucky could be facing long-term negative implications for the state’s debt service. Both Moody’s Investor Service and Fitch revised downward from “stable” to “negative” the outlook for state supported bonds.In January 2008, Gov. Steve Beshear met wit

Whether pension received by gallantry award holder is taxable as per Income Tax Act. Somya Krishnan ,KochiYes, pension received by gallantry award holder is tax free , but the types of award is also notified. Section 10(18) of the I T Act provides exemption for such gallantry award winner and even to the family pension received by member of the family of gallantry winner. Read the provision below :18) any income by way of— (i) pension receivedby an individual who has been in the service of the Central Government or State Government and has been awarded “Param Vir Chakra” or “Maha Vir Chakra” or “Vir Chakra” or such other gallantry award as the Central Government may, by notification in the Official Gazette, specify in this behalf;(ii) family pension received by any member of

It is based on the southern base of Mt. Kackar, accessible by a difficult road which follows a wild forest brook. Owned by Mr. Mehmet Karahan. The pension is based right by a thousand year old Georgian church. Rooms are decorated real simple and they have a half open roof in which almost 15 people can sleep. It is funished with plenty of kilims and cushions. They are really used to tourists and mountain hikers and they serve real nice food. Your cellular phones won't be accessible there, but there are phones available. Pension is 105km from Artvin and 26km from Yusufeli.For more info: www.karahanpension.com

Pension Fund InvestmentPension Fund Investment TrendI just found this interesting new article about how pension funds are starting to follow the lead of endowments in increasing the diversity of their investments, and doing so in part by allocating more of their portfolios to hedge fund managers and alternative investments in general. The average endowment currently allocates 12.9% of their portfolio to hedge funds while the average public fund allocations just 1.1% and corporate plan 1.6% according to this latest report."Our research reveals that diversification remains the dominant trend in institutional portfolios," said Greenwich consultant and report co-author William Weschler, in a statement. "And in general this shift is taking two forms: the shift of assets into alternative invest

In today’s financial climate, many people are worried about their retirement and how they are going to be able to afford to live. They can only dream of taking holidays. Holidays, which after all, they deserve after years of working. The one thing in common that most people have, is time on their hands. More: [...]

Some Fed testimony today shed light on the fallacy that we ought to fear Sovereign Wealth Funds power....In fact, they are less powerful than insurance companies, pension funds ans US mutual funds. From the testimony: "One of the reasons that sovereign wealth funds have attracted more attention in the past year is their size. The largest funds are very large. For example, Norway's sovereign wealth fund reports total assets of over $350 billion; China's fund and Singapore's two funds each... Continued at Todd Sullivan's ValuePlays

The good news is that Britons are living longer and healthier lives. The average man born in 1950 can now expect to live to 80. if you were born in 1980 you can expect to live to 85, while boys born now will be living into the 90s. Women are even better off, living an [...]

Under which section surrender value of pension plan is taxable ? Sanjay Chavan, PuneThe contribution in pension funds gives the investor deduction u/s 80CCC upto Rs 1,00,000 . However,the combined deduction under 80CCC + 80C + 80CCD is Rs 1,00,000.Why is it not great tax saving ?The scheme of pension funds of LIC or other private funds are not great tax saving instruments in comparison to other saving instruments because when you receive pension or surrender the fund and receive the amount , it is taxable in the year of receipt.Read the provision given under section 80CCC (2) which is clear as far as taxation of pension or surrender value is concerned.(2) Where any amount standing to the credit of the assessee in a fund, referred to in sub-section (1) in respect of which a deduction has be

COLUMBIA, S.C. (AP) — The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. Retirement systems in South Carolina and Pennsylvania are nibbling at the securities, betting that they have been beaten down so much that the ones with [...]

The suggestion to get a refinance home loan to tweak your retirement fund is practical advice. You may find this counsel ill-timed when you need the extra money for living expenses. Yet you are the architect of your future and nobody else can help you live a life of ease in your twilight years. Your Future and Your Refinance Home Loan If you are mulling to lower your mortgage, how are you going to use the extra money? Of course, you have a ready answer for that. You have credit card debts to pay and a dozen other liabilities you want get off your back. Borrowers like you fail to see that the extra money saved from monthly refinance home loan payments can go to a pension fund. Your Social Security check is not enough for your retirement. You'll need more than an SS check to survive. A 401K

Simplified Employee Pension, or shortly SEP, is a written plan which enables you to make contributions toward your own retirement when you are self employed and your employee’s retirement without getting involved in a more complex qualified plan. Under a Simplified Employee Pension, you make the contributions to a traditional individual retirement arrangement called a [...]

There is no doubt that America is heading into tough times and that people are going to feel the crunch. The dollar is declining, pension funds are coming due and major vanguard businesses are getting hurt. That means less money in American worker’s pockets and less businesses that can expect a profit from disposable income. A low American dollar means that foreign products become more expensive and American products become cheaper. The only problem is that the average American citizen has become addicted to such cheap products and since most of these items are not produced in the U.S. there is little manufacturing within the country to raise jobs. In the end it just means less products without much more jobs. Federal Reserve Chairman Ben Bernanke stated that the central bank would again

I think that in the DIY investor world, the propensity to convert an RRSP to a RRIF is strong. The same is probably true for those who use an advisor as well. In fact, approximately 75% of RRSPs are eventually converted to RRIF (Registered Retirement Income Fund) accounts. The title of this post isn't entirely accurate (you can't actually convert your RRSP to a defined benefit pension plan per se), but you can convert your RRSP into a structure that mimics a Defined Benefit Pension Plan through the use of a life annuity.Defined Benefit pensions are envied by some since you eliminate a lot of unknowns for your retirement income planning such as the risk of running out of money. The major counter argument is that with a RRIF account you can possibly increase the pot and potentially have

TheStreet.com - The suit was filed in Delaware Chancery Court on Thursday by lawyers representing Detroit's police and fire department retirement system as well as the city's general retirement system. "Rather than consider Microsoft's offer in good faith, Yahoo's board has taken various steps to defend against Microsoft, destroying or threatening to destroy shareholder value in the process," the

Two Detroit pension funds have sued Yahoo Inc, for rejecting Microsoft's $41.2 billion offer. Yahoo declined to comment. Recently, Yahoo has been facing a huge amount of pressure from its shareholders over its decision to not accept Microsoft's buyout offer, which had a 62 percent premium over Yahoo's share price.

Amy Schatz, Wall Street Journal, reports that the Pension Benefit Guaranty Corp. will diversify its portfolio to include more equities and alternative investments, including real estate. The agency, which insures basic pension benefits for U.S. workers and retirees, says diversifying its mix of investments would significantly increase its chances of erasing its $14 billion deficit within the next

By Abbi Rouse The lack of "confidence" regarding the British pensions sector is increasing, it seems. According to Alliance Trust's annual retirement confidence index (RCI), the gap in those failing to put money away for later life is rising as some 26 per cent of consumers are currently without any form of pension - up from 20 per cent noted last year. However, with evermore Britons set to

I’ve been assisting in producing FairPensions’ second annual pension fund transparency survey, which got released last Saturday. The report sees a pretty clear divergence between the more enlightened funds who see it as their duty to remain transparent and to engage with investments. The bottom half seem pretty ambivalent to transparency or engagement, even when studies are increasingly proving that engagement on environmental, social and governance issues can potentially increase returns.

repris de Voix de Faits: Une coalition du mouvement étudiant et du mouvement communautaire a pointé du doigt ce matin une des grandes injustices sociales made in Quebec. En effet, le gouvernement calcule les pensions alimentaires comme un revenu pour étudiantEs sur les prêts et bourses et les prestataires de l’aide sociale alors que, pour le [...]

One of the recurring themes we deal with as financial planners is the subject of buying more NHS Pension benefits. This is now worth a revisit as the situation is probably changing again! For the punch drunk amongst you, we will try to keep this as painless as possible. To be serious for a moment though, these decisions are often fundamental to your future standard of living and comfort in retirement, as well as the options to semi retire or retire earlier, so it’s worth taking the time to ensure you are making the right decisions. Traditionally it has always been agreed that the basic NHS Pension Scheme is unbeatable, and that is still the case. However, what about ‘making up’ for lost benefits or attaining the ‘magic 40 years service’? What is the best way in which you can do this? Well, the choices to date have been: Added Years Here, for a percentage of your pay, you can buy extra years service. For many, this is a good route as: •They are guaranteed def

Texas Governor Rick Perry is continuing to push state pension funds to divest in companies that do direct business with Iran. This continues to set off my alarm bells, particularly since it appears that Perry and the agencies in charge of these pension funds seem to rapidly be approaching standoff which could potentially lead to a special session: Nearly two months later, neither the $112.1 billion Teacher Retirement System nor the $24.7 billion Employees Retirement System has given him a detailed plan, although Perry spokeswoman Krista Moody said progress is being made. But concerns about the idea remain, including with Employees Retirement System Chairman Bill Ceverha of Dallas, who wonders where such moves might lead. “Obviously, Rick Perry is not going to be governor forever. You could have a governor who is a vegetarian … and decides that we shouldn’t be investing in companies that deal with meat,” Ceverha said Monday. Setting aside the fact that Bill

National Football League owners agreed to make more cash available to disabled retired players. The players' pension plan is already generous. As it is, you can retire after ten years, murder your wife and still get ten thousand dollars per month.

Whether Life Time Pension Arrears (LTPA) payable to a deceased employee is taxable in the hand of nominee. In a other way whether such amount should be included to the total income of the nominee and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

A spokesman for Hermes Pensions Management Ltd said stakes in 10 real estate funds would be divested in order to part-finance around 700 million pounds for an international real estate investment programme."Hermes commenced an overseas investment programme at the end of last year in anticipation of relative outperformance of international real estate markets compared to the UK market," the spokesman said.

I wrote about my trip to the Daegu branch of the Korean pension office back in early September. I was told to expect my pension money to appear in my bank account within two to three weeks. Well, after five weeks and no pension, I emailed my school and asked them to contact the pension office. Now I don't know if the two to three week estimate was really just a nice way of saying five to six weeks, or if the call placed to the pension office by my school kicked someone into gear... but my pension is here :-)

In a look at the balance sheet, pension costs can be overlooked or misjudged. It can turn out to be a very major expense that can derail a company or make it non-competitive. While more companies are getting out of pension programs, one has to have their radar up when looking at a company with pensions. A number of things can happen to move pension costs in the wrong direction and turn a company into a very large under-funded situation: 1. People stay with the company for a longer period of time. 2. People live longer. 3. Pension investments don’t perform as they had been expected to. 4. Companies may not fund pensions as much as they should when finances are tight. I am not a pension expert, but probably neither are most people. I suggest if you run into this situation, get a good understanding of what you are getting into. 1. How over or under funded is the plan? What is the trend over the past few years? 2. What is the split between retired people and current employees? 3. W

Just wanted to give anyone who might be interested an update on the pension status for US citizens living and working in Korea (this does not apply to people covered by the USFK-SOFA agreement, but to those of us here on our own, teaching English and whatnot). I went to the pension office today with my boss. I had to bring my passport, alien registration card, and plane ticket (to prove that I was indeed leaving). I filled out a bunch of forms (which said things along the lines of "Agreement between the United States and the Republic of Korea concerning the distribution of pensions" and which required my Social Security Number), and provided my US bank account number and routing number. My boss also had to complete a form of some sort. We were then informed by the very pleasant pension office fellow that the money would be transferred into my US bank account sometime within the next two to three weeks. I'm slightly concerned by this, as it's not like I can pop down to the Korean Pens

HOUSTON (Holliday Fenoglio Fowler LP) – A pension fund advisory firm has paid cash for the 363 North Belt building at 363 North Sam Houston Pkwy. East in the Greenspoint area. The 19-story, just over 386,000-square-foot, Class-A office tower is more than 95 percent leased. Tenants include Newfield Exploration, Signature Hospital, Insource Technology and US Legal Support. Holliday Fenoglio Fowler represented the seller, Granite Properties.

The Shanghai Securities News has reported that China’s insurance regulator is working at constituting special regulations on managing the pension insurance business.Liang Tao, director of the China Insurance Regulatory Commission personal insurance regulatory department has said the move will ensure insurance companies that handle corporate annuities are able to pay expired debts and future liabilities, avoiding risks during managing annuities and protecting the beneficiary’s legitimate rights and interests.The Ministry of Labour and Social Security’s (MLSS) statistics show that the corporate annuity fund, coving 9.64 million people, had 91 billion yuan in assets in 2006 with only 15.8 billion yuan of that (17%) being managed by professional investors.30 financial institutions are currently designated as custodians, trustees and asset managers for corporate annuity management. Next month will see a new round of campaign for granting qualifications required for the annuity managem

The Shanghai Securities News has reported that China’s insurance regulator is working at constituting special regulations on managing the pension insurance business. Liang Tao, director of the China Insurance Regulatory Commission personal insurance regulatory department has said the move will ensure insurance companies that handle corporate annuities are able to pay expired debts and future liabilities, avoiding risks during managing annuities and protecting the beneficiary’s legitimate rights and interests. The Ministry of Labour and Social Security’s (MLSS) statistics show that the corporate annuity fund, coving 9.64 million people, had 91 billion yuan in assets in 2006 with only 15.8 billion yuan of that (17%) being managed by professional investors. 30 financial institutions are currently designated as custodians, trustees and asset managers for corporate annuity management. Next month will see a new round of campaign for granting qualifications required for the annuity ma

Pirelli Real Estate acquired the portfolio with holder Global Opportunities Fund II, a fund managed by Deutsche Bank subsidiary RREEF, which acquired 65%. After the deal’s closure in the autumn, assets will transfer to Pirelli’s Social & Public Initiatives fund.This portfolio largely comprises northern retail and office assets concentrated in the Lombardy and Tuscany regions and currently has an average 54% vacancy rate.

From running a B&B to writing a book about your area of expertise, Jim Green, author of Earn Money In Retirement, shows you 10 ways to supplement your pension:1. Bed & BreakfastOld-fashioned B&Bs are making a comeback and flourishing everywhere in the UK due in the main to (a) the incidence of modern day migrant workforces and (b) ever-increasing DSS clientele requirements. This is a sound option for couples in retirement who own their home.Upside* Modest start-up costs * Good cash generator * Repeat business factor * Low if not zero debtors' listDownside* Labour intensive * Requires patience to put up with a constant flow of strangers in the home2. Home HandymanHave you fixed enough bathrooms to last you a lifetime or you could face carrying on - albeit at a lesser pace. Many retired tradespeople set themselves up to perform handyman services for those who can't do it themselves or don't have the time; plumbers, electricians, bricklayers, painters and decorators, carpet fitters

LONDON (Reuters) - ING Real Estate said on Tuesday it had won one of the UK's biggest property investment contracts, a 560 million pound advisory mandate by the West Midlands Metropolitan Pension Fund. The 8 billion-pound pension fund, which manages the retirement savings of public sector workers in England's second city, Birmingham, and its surrounding area, had previously used property services firm Cushman & Wakefield to manage its UK property holdings.

Pirelli Real Estate acquired the portfolio with holder Global Opportunities Fund II, a fund managed by Deutsche Bank subsidiary RREEF, which acquired 65%. After the deal’s closure in the autumn, assets will transfer to Pirelli’s Social & Public Initiatives fund.

Alibaba Pansiyon 1999 yılında kurulmuştur.9 oda 20 yatak kapasiteli,portakal ve dut ağaçlarının içinde bulunan bir aile pansiyonu olup,bütün odalarında klima bulunmaktadır. Denize uzaklığı 60 metre,Olympos antik kentine 600 metre Yanartaş (Chimaera) ya ise 450 metre mesafededir.

I recently retired early after working in the UK, and returned to live in Kolkata 3 months ago. I'm a British citizen and also hold an OCI card). Since arriving in India I established resident credentials, and obtained a PAN card.I receive a monthly pension from my company in the UK, and the HM Customs & Revenue withhold UK tax. Under DTAA I should now pay tax only in India. The UK requires me to fill in a form (DT/individual), get it stamped and signed by Indian Income Tax, return this to the UK, and then the UK will stop withholding the tax.Problem : nobody in Kolkata Income Tax Dept knows who has to stamp and sign the form. Can you help ?prith.roy@gmail.comFirst of all , you should know that as per Double Taxation Avoidance Agreement ,pension and annuities are taxable in only that state where it is given. The relevant article is Article 19 & 20 of DTAA . Article 19 is for state pension and Article for pension other than State pension."ARTICLE 20 - Pensions and annuities - 1

I recently retired early after working in the UK, and returned to live in Kolkata 3 months ago. I'm a British citizen and also hold an OCI card). Since arriving in India I established resident... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

puta igual es piola.. resulta k soy universitario, tengo 20 años y mis compañeros viven en una pension.. la wea es k llevo vieniendo harto tiempo y hay un pendeja k me tiene pa la kaga.. la loka tiene 14 años y va en primero medio. (more…)

The same forces of industrialization and urbanization that have generated the need for life insurance have also created the need for retirement saving. Increasing length of life and the widespread practice of mandatory retirement have intensified the need for retirement funds. The Social Security System, developed in the 1930s, provides a basic retirement income for nearly everyone, but many people wish additional retirement support. Anyone who wishes to can, of course, do his or her own saving and investment during working life and then retire on the income from his or her savings, gradually liquidate capital, or buy and annuity. However, there are tax advantages to saving through a pension fund.Many unions have negotiated for employer-funded pension plans and have been willing to take part of their wage increases in the form of pension contributions. Since the first time pensions fund being announced, pension funds have grown in rapidly. Employer contributions to retirement funds app

The limit for claiming tax benefits u/s 80C is Rs 1,00,000/- . I have certain points about this section which needs clarification : 1) Section 80CCC is now part of the overall section 80C. However, is the sub limit under 80CCC still restricted to Rs 10000 ?2) Further, are HUFs allowed tax benefit u/s 80CCC ? If so, to what extent ??please clarify at the earliest. amitluharuka@gmail.comTill Asst Year 2006-07, the deduction u/s 80CCC was allowed upto Rs 1,00,000 . This was in addition to deduction u/s 80C which was off course not allowed on the same amount which was claimed u/s 80CCC. However, from Asst Yr 2007-08, the deduction is restricted to Rs 10,000. Thus if , you save for deduction u/s 80C and 80CC , maximum allowable u/s 80 C shall be Rs 90,000 only.No, deduction u/s 80CCC is allowed only to Individuals .Please also remember, the deduction u/s 80C is short lived , because when you get back the surrender value or pensions same is taxable in the year of receipt. For ready refere

"What would you choose to be if not yourself? Anyone, any object, anything at all.." Thus reads one interesting question HRD often asks prospective employees. If I was at the receiving end of one such, I'd say I want to be the Fin Min's mind.The move to get rid of pensions in stages is long overdue and kudos to the FM for saying it aloud. Subsidies are another area whose time for the chopping block has to come soon.The rising pension bills at all levels of the government would be increasingly difficult to finance in future, given the other demands that are there on our resources, particularly for enhancing our expenditures on essential social sectors such as health and education. The pension expenditure of the Centre could reach Rs 35,020 crore by 2009-10. For the states, the projected fi

This article was written by Phil A. after the wage re-opener arbitration was completed in September 2006 but prior to the release of the award by Douglas Stanley in October 2006. The wage uplift was 2% on July 1, 2006, with an additional wage increase of

Introductory NoteThis article was written by Phil A. after the wage re-opener arbitration was completed in September 2006 but prior to the release of the award by Douglas Stanley in October 2006. The wage uplift was 2% on July 1, 2006, with an additional wage increase of 1.75% on July 1, 2007 and 2008.At the same time as Air Canada was negotiating with the pilots it was also getting ready for the intial public offering of Air Canada, a spinoff of ACE Aviation, as reported by Brent Jang in Air Canada readies for IPO - September 15/06 - Globe and MailIn mid-November the Globe's Derek DeCloet gave further insight into the AC IPO and discussed how Air Canada Executive compensation packages are based on EBITDAR and not earnings.Air Canada's IPO may be a flight of fancy for eager investors - November 14/06 - Globe and MailThe AC IPO was eventually sold at $21/share and closed December 22nd at 16.95/share, a decline of 19% in one month. The market reaction to the IPO is discussed by Jang an

Human Resource Executive Online points out that the new Detroit "easy-fix" of buying out workers with pension-fund money might not be the greatest strategy ever. Chrysler and GM have both recently offered worker buyout packages, with money from overfunded pension accounts. The strategy is attractive, as workers can defer taxes on pension fund payouts to their 401k accounts, and corporate can keep their cash position intact. But overfunded pension accounts never stay overfunded for long, and observers say that intense market volatility makes now a bad time to risk underfunded pension liabilities. "The [Chrysler] fund is probably overfunded because of the over-inflated value of the stock or securities that have been invested," says Gerald Myers, business professor at

{mosgoogle right}A woman told a Tokyo court Monday she had conspired with a lover to continue receiving another lover's pension payments after he had died, but denied the charge of killing the boyfriend.Yoko Kaneda, 41, told the opening of her trial at the Hachioji Branch of the Tokyo District Court that she had not killed her 66-year-old boyfriend, Tadao Maejima. Her lawyers blamed another of her lovers instead.She also denied concreting Maejima's body under the floor o [...]