Dear Liz: I work for a local government, and my job offers a pension as well as a 457 deferred compensation plan. If I delay starting my pension, will it have the same 8% growth that Social Security ... 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

Oregonian: Liz Weston: Government pensions and Social Security both offer lifetime income - but with key differences Dear Liz: I work for a local government and my job offers a pension as well as a 457 deferred compensation plan. If I delay starting my pension, will it have the same 8% growth that Social Security ... Liz Weston: Government pensions and Social Security both offer lifetime income - but with key differences MSN: Reform vows to overhaul pension schemes for new local government workers A Reform government would end more generous defined benefit pension schemes for new local government workers and merge nearly 100 separate schemes to create a £500bn British Sovereign Wealth Fund. The ...

Key Insights

An exodus of older government and quango staff could emerge as an unintended consequence of a much needed overhaul last year of Government workers’ pension fund. David Annan, an economics lecturer at ... MoneyWeek: Former pensions minister warns of risks of government’s retirement fund investment drive When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. The government is hoping that the creation of pension mega funds could boost the UK economy and ...

Final Thoughts

Former pensions minister warns of risks of government’s retirement fund investment drive