All posts tagged "pension"
Unfunded Pension Funds Ticking Time Bombs
Lower Government Funding Hinders Stability of P.R.’s Three Main Retirement Systems In 2013, the Alejandro García Padilla administration, which had just entered office, enacted legislation to reform Puerto Rico’s ailing retirement systems, as their assets were quickly...
- Posted February 1, 2016
Greek Protests Paralyze Ports, Street markets
ATHENS, Greece – A growing wave of strikes and protests against a planned overhaul of the pension system in Greece has halted services at the country’s ports for two days, while popular neighborhood farmers’ markets were...
- Posted January 27, 2016
Suited Lawyers Rally Against Greek Pension Reform
ATHENS, Greece – Several thousand lawyers, many wearing ties or high heels, marched to parliament Thursday to protest a planned overhaul of the pension system by the country’s leftwing government. Chanting “No retreat till we’re vindicated,” the...
- Posted January 14, 2016
Gov’t FY 2016 Budget now $9.3B; Audited Statements may be Released by end of Month
SAN JUAN – The Puerto Rico government budget for fiscal year 2016, which ends June 30, has been adjusted, from $9.8 billion to $9.27 billion, mainly as a result of lower than expected revenue entering the commonwealth...
- Posted January 13, 2016