Missouri Pension Fund Sues J.P. Morgan over `London Whale' Losses -Reuters

A Missouri pension fund, the Police Retirement System of St. Louis, has sued J.P. Morgan Chase & Co.

http://www.foxbusiness.com/news/2013/04/15/missouri-pension-fund-sues-jp-morgan-over-london-whale-losses-reuters/

Deferred Income Market Expands: Lower Initial Premium for Guaranteed...

New Product Feature Offers Those in Their 20s, 30s and 40s the Opportunity to Create a Pension-Like Stream of Income Within an IRA )--New York Life today announced that the initial premium payment for its Guaranteed Future Income Annuity1 , a flexible way to generate lifetime income in the future, has been lowered to $5,000 from $10,000. The change ... (more)

http://eon.businesswire.com/news/eon/20130415006136/en/Deferred-Income-Market-Expands-Initial-Premium-Guaranteed

Reforms Take Aim at State Pension System

Starting this month, new state government hires will have to work to an older age to receive full pension and cannot pad their salaries during their final years to up their retirement benefits.

http://stoneham.patch.com/articles/reforms-take-aim-at-state-pension-system-a95aaca7

The Chained CPI Trap: In making the case against adopting . . .

In making the case against adopting chained CPI for Social Security and the federal income tax, Andrew Biggs notes the following: 1. Annual cost-of-living adjustments for Social Security help counteract the fact that private pensions are not adjusted for inflation.

http://www.nationalreview.com/agenda/345624/chained-cpi-trap-reihan-salam

The scourge of CalPERS

... of pensions must be changed. But the state should further. The the root is a labor-friendly board that lo-balled pension program costs to cities so cities would commit to pay labor unsustainable pensions. CalPERS pro-labr hacks hornswoggled ...

http://blogs.esanjoaquin.com/stockton-metro-columnist/2013/04/15/the-scourge-of-calpers/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+stockton-metro-columnist+%28Record+Metro+Columnist+Michael+Fitzgerald%27s+Blog%29

Why I Left Lehman: The Spoiled Cynicism of Wall Street

... New York and sell this same crap at much higher levels to unsophisticated (but legally considered "sophisticated") pension funds and insurance companies in middle America. What I discovered, quite starkly, is that the part of Wall Street that I ...

http://nymag.com/daily/intelligencer/2013/04/why-i-left-lehman.html

Lowe's CEO gets 2012 pay package valued at $12.1M

... of stock and stock options awarded during the year. The AP formula does not count changes in the present value of pension benefits. That makes the AP total slightly different in most cases from the total reported by companies to the Securities and ...

http://www.miamiherald.com/2013/04/15/3345540/lowes-ceo-gets-2012-pay-package.html