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.
already have put oversized and often
under-funded pensions in place.
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.
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.
The truth is that Northwest's biggest problems today are the high cost of fuel and
under-funded pensions, not labor.
