Social Security Funding
The latest news and developments affecting Social Security funding, and how legislative moves may help or hurt the program.
Forget 2011 Budget, FY2012 Budget to Be Delayed as Well
By Marlene Y. SatterThe FY 2012 budget may include recommendations from the Presidential deficit reduction commission, including an increase in the retirement age for Social Security and a reduction on certain existing tax deductions.
August 24, 2010
Montana Sues Securities America for 'Misleading' InvestorsMontana's Securities Commissioner has filed a legal action against broker-dealer Securities America, the Ameriprise Financial subsidiary.
August 24, 2010
Securities America Sued for 'Misleading' InvestorsPrivate placement notes in default; firm alleged to have withheld 'material information.'
August 03, 2010
Pension Bills: Strain Now or Weep Later?The new federal pension rules could help employers postpone as much as $63 billion in funding payments over the next 5 years.
July 28, 2010
H.R. 3040: House OKs Fraud Database BillMembers of the House have voted 335-81 for H.R. 3040, the Senior Financial Empowerment Act of 2010.
July 05, 2010
Whiskey to the (Pension) RescueCompany to use Johnnie Walker to fill $645 million retirement shortfall. Talk about liquid assets...
July 02, 2010
Diageo Sends Whiskey to the (Pension) RescueIs there nothing the carmel color liquid can't do? Diageo, the maker of Johnnie Walker whiskey, found an innovative way to plug a gaping deficit in its pension plan: put aside 2 million barrels of maturing whiskey from its distilleries in Scotland.
June 18, 2010
Senate Passes Pension Rule Provisions (Update)The Senate agreed unanimously today to pass a version of H.R. 3962 that would ease pension funding rule changes sought by employer groups and reverse a 21% cut in Medicare and military health plan physician reimbursement rates.