Should USPS’s Retirement Funds Be Invested in a More Broadly Diversified Portfolio?

Project Title: Foreign Posts’ Retirement Asset Investments Start Date: Monday, September 10, 2018 Estimated Report Release Date: March 2019 Employees of the Postal Service participate in two government-wide pension plans administered by the U.S. Office of Personnel Management (OPM): the Civil Service Retirement System and Federal Employee Retirement System. The assets of these plans are…

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Central States Pension Fund may cut benefits for 273,000 workers and retirees

CNNMoney (New York) October 7, 2015 Pension benefits for retirees used to be untouchable, but thousands of former workers are being told that their monthly checks could take a hit. One of the largest pension funds in the country says it needs to cut benefits for 273,000 current and future retirees. If the cuts aren’t…

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Rep. Westerman Seeks To Reduce Federal Pensions

By Peter Urban – March 5, 2015 WASHINGTON — As a freshman member of Congress, U.S. Rep. Bruce Westerman has gone largely unnoticed by the unions that represent federal employees, but that is about to change. Westerman, R-Hot Springs, is introducing legislation that would cut back on pension benefits for retirees starting in 2017. A…

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