pension cuts - MARKETS
Some global pension funds said it’s too early to tell if AI will lead to job cuts at their firms, although they are committed to advancing AI in their operations. Cleveland.com: Ohio unions form pension coalition to fight board changes, benefit cuts AOL: NY pension reform costs for taxpayers raise concerns. What we know About 60% of county, city, town and village employees participate in Tier 6 pension system, groups representing NY's local governments and mayors say.
Understanding the Context
MSN: Some pension savers 'expect to cut contributions after salary sacrifice changes' More than a quarter of pension savers in salary sacrifice schemes are aiming to boost their contributions before a squeeze on the schemes takes effect, a survey indicates. And around one in 10 said ... Pensions & Investments: Pension funds embrace AI — but execs divided over likelihood of job losses Pension funds embrace AI — but execs divided over likelihood of job losses