These dollars compete with other social programs, infrastructure investments, public education, under-funded pensions
and numerous other current programs and projects needing funding.
The ways in which states are tackling under-funded pensions
is forcing some painful changes.
The product launch came a day after financial research company Defaqto said equity release products would play a greater role in retirement planning, due to under-funded pensions
, low annuity rates, demographic issues and pensioner debt, alongside high levels of equity in the housing market.
Transport and General Workers' Union general secretary Tony Woodley labelled Shell's profits "obscene" and said yesterday that the Government needed to "grasp the nettle" in order to raise the money to bolster under-funded pensions
Transport and General Workers' Union general secretary Tony Woodley, who last week labelled Shell's profits ``obscene'', said yesterday the government needed to ``grasp the nettle'' to raise money to bolster under-funded pensions
The companies in the Standard & Poor's 500 stock Index have combined under-funded pensions
totaling about $226 billion.
But under-funded pensions
are also a serious problem at mid-sized companies, according to a new survey by SET Investments Inc.