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  1. How do pension payments work?

    August 13, 2011 by admin

    Have a great link you’d like me to review? Drop me an email. Bloggers: you can install a Larwyn’s Linx blog widget!

    Nation

    A Fling With the Welfare State: Emerie
    We Are The Undefeated: Why Sarah Palin should run: Hayward
    Opposition to McConnell plan grows among GOP senators: Hill

    House Freshmen not on-board for any deals?: RS
    Partisan Justice Under Eric Holder: Federale
    Ex-Rezko Partner Told Feds Of Payments To Obama: AdvIn

    Sheriff Joe Arpaio Punks ICE HSI: Federale
    Perry: I’m feeling a call: Hot Air
    Every Dem voted against lifting debt ceiling in ’06: GWP

    Economy

    Can’t Buy Love? Try Obama’s Corporate Dating Website: Dewey
    California’s Pay Day Loan: BG
    Scott praises Cantor’s walkout from debt negotiations: Hill

    GOP Govs Prove Conservative Economic Principles Work: GWP
    Unemployment uh-oh: 9.2% may be the low-water mark: IHTM
    True origins of financial crisis: Power Line

    Climate & Energy

    Globaloney: The Statist Push Continues: Blumer
    The War on Copper: Exam
    Why Nothing Is “Shovel Ready” Anymore: Mead

    Media

    Review: Left Turn: How Liberal Media Bias Distorts the American Mind: Power Line
    Marco Rubio schools CBS’ Bob Schieffer: GWP
    ‘Murdoch Hacking Scandal’ vs. NY Times National Security Leaks: TAB

    The Slow, Painful Coming Death Of The Independent, Conservative Blogosphere: RWN
    How Network News Helped Bring About the Crash: Klavan
    Hollywood Hasn’t Lost ‘Hope’: Malkin

    Big Demand For The Undefeated Drives Broader Release: Riehl
    Gray Lady Gets Yet Another Case of Depression Lust: Driscoll
    Keith Olbermann: The Lost Months: MB

    World

    Al-Qaeda Is Down but Not Out: Foundry
    Cain: Voters Should Have Right To Prevent Mosque Construction If Community Opposes It: WZ
    Obama Accused Of Crimes Against Humanity Over Bin Laden Killing At International Criminal Court: WZ

    Islamic Teacher: Bring Back Slave Girls!: Big Peace
    Trichet Repeats Nuclear Threat to Reject Greek Bonds as Collateral; Verbal Discipline or Big Bluff?: Mish
    Indonesia: Veiled teen girls send mock bomb to police officer: JihadWatch

    Sci-Tech

    Make It So: Hands-On With Official Star Trek iPad App: Wired
    Orphiro’s electric motorcycle: like a Harley, just not obnoxiously loud: Engadget
    A beginner’s guide to telecom jargon: CNet

    Cornucopia

    Celebutards from 50 of our 57 states: MOTUS
    Casey Anthony: Spokeswoman for Planned Parenthood: RWN
    Sunken 19th Century Schooner Found Intact In Lake Ontario: Irish Weather

    Image: The Looking Spoon
    Sponsored by: URGENT: Tell your Congressman to vote YES on the ‘Cut Cap Balance’ Act

    QOTD: “When Roosevelt signed Social Security into law, it was meant to start coverage at age 65 at a time when 58 was the average life span of male Americans. (Roosevelt himself died at 63 ten years later.) When President Johnson signed Medicare, life spans were still well below today’s standards, and most major medical breakthroughs were still in the future. (Johnson also would die in his 60s.) Neither imagined a world in which people routinely lived into their 80s and 90s, with knee replacements and heart transplants and home dialysis machines. Roosevelt opposed public employee unions, whose pension demands and early retirements are now driving some of our states and cities into bankruptcy. It’s easier to think of goods as rights when the costs are low, and they therefore take little from others. It’s when the costs rise—as in medical treatments—that the political trade-offs rise, too.” –Noemie Emery

    “There have been many significant accomplishments on the operational and financial front to date this year,” Kloet said in a release before stock markets opened Friday.

    “Among the successes in this past quarter was renewed momentum in our listings business. On a combined basis, new listings on Toronto Stock Exchange and TSX Venture Exchange were up 33 per cent and the value of new equity financings on TSX Venture Exchange increased 84 per cent. We are also proud that Toronto Stock Exchange reached over 200 exchange traded products listed in June.

    “We continue to see strong growth in derivatives as volumes on the Montreal Exchange reached another new quarterly record with 16.3 million contracts traded.”

    TMX Group is in the midst of an intense takeover battle that recently saw one of it suitors, the London Stock Exchange Group, drop out of the competition after the deal failed to gain enough shareholder support.

    The remaining bidder, Maple Group Acquisition Corp., a group of financial institutions and pension funds said Wednesday it will give investors more time to decide whether they want to tender their shares under the $3.8-billion offer.

    It will give TMX Group shareholders until Sept. 30 to tender their shares, extending the deadline initially set for next Monday.

    Maple said that during the extension period it will continue trying to receive the required approvals for the acquisition from securities regulators and the federal Competition Bureau.

    Maple has said previously that it expected to receive approvals in the fall.

    The offer is to acquire between 70 and 80 per cent of the shares of TMX Group — part of an integrated acquisition transaction to acquire 100 per cent of TMX shares.

    The TMX has said it will continue its expansion plan, whether it comes to an agreement with Maple, or moves forward on its own.

    Also on Wednesday, TMX Group announced the purchase of Atrium Network, a provider of capital markets data in Europe and North America.

    ]

    For more infomation about Pensions pop by the authurs blog


    An Air Force pension is issued every month to military retirees from the time they are discharged from the Air Force until they die. The pension can also be transferred to their spouse in the event of their death. If you have recently retired from the Air Force how can you stretch your Air Force pension?

    Supplemental Income

    Unless you own your home outright, have no car payments and no outstanding debt, the Air Force pension will not necessarily cover all of your day to day expenses, bills and incidentals that come up. That is why it is important to view the Air Force pension as a supplemental means of income, rather than the primary means of income.

    Save Pay Increase

    Each year, Congress votes on how much of a Cost Of Living Allowance (COLA) increase military retirees will receive. Congress takes such factors as the increased cost of living into consideration before passing the bill, which, according to the Military Officers’ Association of America (MOAA), is measured against the previous year’s Consumer Price Index (CPI). One way that Air Force retirees can benefit from their increased retiree pay increase is to save the difference in a high interest savings account and not touch the money, except in emergencies. A pay increase of $50-100 per month can easily add up to $600-$1200 in a year.

    Budget

    Active duty pay is paid on the 1st and 15th of every month. However, the Air Force pension is paid just once a month at the beginning of each month in arrears. This can make it extremely hard for retirees and their family to budget for the whole month. But a strict budget can help to make the money stretch. Some families divide the month’s income into four quarters and view each quarter as a week’s worth of pay that should not be exceeded during that period. Whatever method you decide to use, make sure you do not live beyond your means so that the budget plan will work.

    While the pension will go up over time, the Air Force pension is usually just a supplemental form of income for retirees, particularly for newer retirees who are still young and have many expenses to take care of such as a mortgage, car payment(s) and other financial obligations. Viewing the Air Force pension as a supplemental form of income can help keep it in its place. Saving the difference in the annual pay increase throughout the year can help to build up a nest egg. Finally, keeping to a strict budget plan can help to stretch the Air Force pension.

    Source:

    http://www.moaa.org/lac/lac_issues/lac_issues_update/lac_issues_update_081017.htm


  2. How do pension payments work?

    August 13, 2011 by admin

    “There have been many significant accomplishments on the operational and financial front to date this year,” Kloet said in a release before stock markets opened Friday.

    “Among the successes in this past quarter was renewed momentum in our listings business. On a combined basis, new listings on Toronto Stock Exchange and TSX Venture Exchange were up 33 per cent and the value of new equity financings on TSX Venture Exchange increased 84 per cent. We are also proud that Toronto Stock Exchange reached over 200 exchange traded products listed in June.

    “We continue to see strong growth in derivatives as volumes on the Montreal Exchange reached another new quarterly record with 16.3 million contracts traded.”

    TMX Group is in the midst of an intense takeover battle that recently saw one of it suitors, the London Stock Exchange Group, drop out of the competition after the deal failed to gain enough shareholder support.

    The remaining bidder, Maple Group Acquisition Corp., a group of financial institutions and pension funds said Wednesday it will give investors more time to decide whether they want to tender their shares under the $3.8-billion offer.

    It will give TMX Group shareholders until Sept. 30 to tender their shares, extending the deadline initially set for next Monday.

    Maple said that during the extension period it will continue trying to receive the required approvals for the acquisition from securities regulators and the federal Competition Bureau.

    Maple has said previously that it expected to receive approvals in the fall.

    The offer is to acquire between 70 and 80 per cent of the shares of TMX Group — part of an integrated acquisition transaction to acquire 100 per cent of TMX shares.

    The TMX has said it will continue its expansion plan, whether it comes to an agreement with Maple, or moves forward on its own.

    Also on Wednesday, TMX Group announced the purchase of Atrium Network, a provider of capital markets data in Europe and North America.

    Have a great link you’d like me to review? Drop me an email. Bloggers: you can install a Larwyn’s Linx blog widget!

    Nation

    A Fling With the Welfare State: Emerie
    We Are The Undefeated: Why Sarah Palin should run: Hayward
    Opposition to McConnell plan grows among GOP senators: Hill

    House Freshmen not on-board for any deals?: RS
    Partisan Justice Under Eric Holder: Federale
    Ex-Rezko Partner Told Feds Of Payments To Obama: AdvIn

    Sheriff Joe Arpaio Punks ICE HSI: Federale
    Perry: I’m feeling a call: Hot Air
    Every Dem voted against lifting debt ceiling in ’06: GWP

    Economy

    Can’t Buy Love? Try Obama’s Corporate Dating Website: Dewey
    California’s Pay Day Loan: BG
    Scott praises Cantor’s walkout from debt negotiations: Hill

    GOP Govs Prove Conservative Economic Principles Work: GWP
    Unemployment uh-oh: 9.2% may be the low-water mark: IHTM
    True origins of financial crisis: Power Line

    Climate & Energy

    Globaloney: The Statist Push Continues: Blumer
    The War on Copper: Exam
    Why Nothing Is “Shovel Ready” Anymore: Mead

    Media

    Review: Left Turn: How Liberal Media Bias Distorts the American Mind: Power Line
    Marco Rubio schools CBS’ Bob Schieffer: GWP
    ‘Murdoch Hacking Scandal’ vs. NY Times National Security Leaks: TAB

    The Slow, Painful Coming Death Of The Independent, Conservative Blogosphere: RWN
    How Network News Helped Bring About the Crash: Klavan
    Hollywood Hasn’t Lost ‘Hope’: Malkin

    Big Demand For The Undefeated Drives Broader Release: Riehl
    Gray Lady Gets Yet Another Case of Depression Lust: Driscoll
    Keith Olbermann: The Lost Months: MB

    World

    Al-Qaeda Is Down but Not Out: Foundry
    Cain: Voters Should Have Right To Prevent Mosque Construction If Community Opposes It: WZ
    Obama Accused Of Crimes Against Humanity Over Bin Laden Killing At International Criminal Court: WZ

    Islamic Teacher: Bring Back Slave Girls!: Big Peace
    Trichet Repeats Nuclear Threat to Reject Greek Bonds as Collateral; Verbal Discipline or Big Bluff?: Mish
    Indonesia: Veiled teen girls send mock bomb to police officer: JihadWatch

    Sci-Tech

    Make It So: Hands-On With Official Star Trek iPad App: Wired
    Orphiro’s electric motorcycle: like a Harley, just not obnoxiously loud: Engadget
    A beginner’s guide to telecom jargon: CNet

    Cornucopia

    Celebutards from 50 of our 57 states: MOTUS
    Casey Anthony: Spokeswoman for Planned Parenthood: RWN
    Sunken 19th Century Schooner Found Intact In Lake Ontario: Irish Weather

    Image: The Looking Spoon
    Sponsored by: URGENT: Tell your Congressman to vote YES on the ‘Cut Cap Balance’ Act

    QOTD: “When Roosevelt signed Social Security into law, it was meant to start coverage at age 65 at a time when 58 was the average life span of male Americans. (Roosevelt himself died at 63 ten years later.) When President Johnson signed Medicare, life spans were still well below today’s standards, and most major medical breakthroughs were still in the future. (Johnson also would die in his 60s.) Neither imagined a world in which people routinely lived into their 80s and 90s, with knee replacements and heart transplants and home dialysis machines. Roosevelt opposed public employee unions, whose pension demands and early retirements are now driving some of our states and cities into bankruptcy. It’s easier to think of goods as rights when the costs are low, and they therefore take little from others. It’s when the costs rise—as in medical treatments—that the political trade-offs rise, too.” –Noemie Emery

    ]

    For more infomation about Pensions pop by the authurs blog


    Ladies, gentlemen, and all others reading this piece of rant, please, be forewarned. Sometimes you find out that you really were happier not knowing the truth. The truth about pensions, government or otherwise, is about to be revealed to you, if, you have the courage to learn the truth about how things really work.
    I will apologize upfront, as always is my moniker, for any digressing or ranting which I shall strive to maintain to the bare minimum. And I must say that in order to truly understand this article, you will have to read some of my other articles, or immerse yourself into a world of google searches and teach yourself about how government, business (big and small), and budgeting and accounting works. And often doesn’t work. In that spirit, I have decided to write seperate articles, addressing each issue seperately.

    Now, before I lay down my wisdom, or lack thereof, on the line, I’d like to place my credentials on the table so that you, the educated reader that you are, can decide upon it’s worth. First, I am a retired military man drawing a Federal pension for which I risked my life and the well being of my family. Second, I am a state government worker, trying to secure a second retirement. Third, I managed several multi-million dollar government budgets and I was accountable, answerable, but could find no sense in the way government accounted for our dollars. Hard earned, blood, sweat toil, dollars. That my kids will never see. Nor will yours.

    What seems hidden by the media in this matter is the truth of the other side of the story. No news network seems to be willing to address any fact other than to stir the masses on this issue. So I issue this challenge: any news media agency, please publish an article on your pension plans for your employees. I’ll publish mine. I scampered around to interview some people from different walks of life and found this.

    Bank of Nashville employees apparently enjoy a pension plan, a 401k match program and have sufferred pay raises of only 3% for a few years. Manheim Nashville Auto Auction employees enjoy roughly the same benefit as do employees of Bridgestone North America. Wal-Mart employees were long offered profit sharing and many small businesses offer their employees pension options as well. Who are these companies? All the smart ones who want to obtain wealth. Cash. Moola. Gold. See, Uncle Sam, a.k.a. uncle sugar, actually does try to look out for us. In so doing, the tax laws are written so that any business that wants to establish a pension, or 401k, etc, must make it available to all employees. So when the doctor, dentist, lawyer, alarm company, plumber, etc., wants to stash some cash in stocks and 401k plans, they must share the wealth. They must make it available to all employees.

    Now, let me try my best to explain briefly how these plans work, and, how your government makes them fail.
    First, there are several pension plans, but let’s talk about the two most prevelant. Contributory, where employees put in a portion, and non-contributory, where employees don’t contribute any money. Most governments and companies originally attracted employees by offering a contributory pension plan. Now, under this plan, an employee automatically has a small portion of their wages taken to put into this pension fund. But before these funds are deducted from the paycheck, taxes (aka Social Security) are deducted. By switching to a non-contributory pension plan, employers are able to contribute the same amount of money to the pension fund, while avoiding having to pay the federal government any money on those funds in social security taxes. How? Because these are now classified as funds that are defferred. So the state, or business, robs the fed, and us, of taxes. But it saves the local government, and you, money. Why did we allow this? My only guess is that the government was trying to teach us to save for retirement and not rely on social security. Now, while this business of moving money around was going on, local governments began the idea of “borrowing” against the pension funds or avoiding making payments to the pension fund. Even when the approved budget allocated funds to the pension fund.

    Well, the federal government began doing it. They borrowed from social security money to pay the bills. Why? Maybe it was to fund a school or a bridge or anything else they thought might get them through the next election. Yeah, we’ll pay our obligations to our employees and our people (you) next year. That’s right. The federal government took your social security money and went on a shopping spree. Many shopping sprees. And then the next. And so on. So, would you work for a company like that? Didn’t think so. Now we have cities and states, run by the people that the people elected, trying to lay blame upon the servants of the people for the budgets that now have come due. So here’s how it works, or rather, how it all goes to crud. Your government decides to buy a bridge, a road, a whatever, and decides NOT to pay any money into the fund that they are contractually bound to. Just like they robbed social security and handed out “I OWE YOU’S”. Yeah, the same thing that happened to many peoples retirement fund was an act of plagiarism. State and local government acted just like the federal government. Rape the fund, worry about it later. When I’m no longer in office and enjoying my lavish retirement check. Then comes the day of reckoning. For all of us. Meanwhile, they still hide money in the budget to fund their pet projects. I’ll explain that one in another article.

    Look for “How government budgets work” and “don’t work”. Now what do I cost you? Nothing, nada zilch. My job brings funds into the state coffers that totally blows away what I ever get paid. So do the judges, court clerks, police writing speeding tickets, and on and on. Yet they present a budget that shows only what they pay us, not what we bring in, in terms of dollars. My pension will never cost you a dime………ever.How many business offer a pension plan? Way more that you think.