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HE UK GOVERNMENT has shown it’s at the forefront of modern technology and online services with its latest form for claiming benefits online. Those who want to claim either Attendance Allowance, Disability Living Allowance or Overseas State Pension can simply visit the Gov.UK website, where they are then pointed to theDepartment of Work and Pensions (DWP) website to fill out a form online. So far, so impressive, in that the government is allowing citizens to apply [...] from The Telegraph: One quarter of people who are planning to retire this year do not feel ready to give up work, research suggested today. Some 24 per cent of people questioned were reluctant retirees, while just 31 per cent said that they are looking forward to ending work, Prudential found. More than half (57 per cent) of those surveyed said that they would consider working past the state pension age, although most of [...] Sandusky makes about $59,000 a year in pension on top of $148,000 in lump sum following his retirement in 1999 Disgraced former Penn [...] SPRINGFIELD, Ill. (AP) — Recession-plagued states diverted scarce money away from pensions to pay for more immediate concerns, leaving a $757 billion hole in the retirement fundscovering millions of public employees, according to a study released Monday. The Pew Center on the States found 34 states failed to maintain safe levels of money in the pension funds, which most experts agree is about 80 percent of long-term obligations. Four states — Connecticut, Illinois, Kentucky and Rhode [...] British workers should be forced to delay their retirements to save the country from financial ruin, according to the International Monetary Fund. It said the national debt would spiral out of control if the average lifespan in the UK rose by just three years more than predicted. The organisation warned that the ‘financial implications of people living longer than expected’ are ‘very large’, and could cripple public finances as the cost of [...]
http://www.telegraph.co.uk/finance/financialcrisis/9189344/Spanish-yields-rise-as-ECB-sugar-rush-burns-off.html http://en.wikipedia.org/wiki/Spanish_Civil_War Greek government braces itself for widespread disorder following the suicide of a pensioner outside the Greek parliament and clashes with armed riot police trying to hold back the population: 1,000 mourners gather in the spot where ‘martyr’ died http://www.dailymail.co.uk/news/article-2125686/Riots-erupt-Greece-martyr-Dimitris-Christoulas-shoots-debt-crisis.html Babies born in 2012 will face 60-year working careers because they won’t get their state pension until they hit 80, experts say. It has been revealed that a stealthy Budget cut will link the state pension age to soaring life expectancy. The move was overshadowed by George Osborne’s controversial ‘granny tax’ but its impact could be more severe. Millions of Britons will be forced to delay their retirement as the Government bids to save [...] From NYT: An obscure 1991 provision dealing with state pension benefits was only a few paragraphs long, and it escaped public notice at the time. Even the lawmakers who passed it said they did not know what the fine print accomplished until it became law. But 20 years later, Gov. Rick Perry — and an elite group of other veteran politicians — can thank Government Code 813.503 for the lucrative pension benefits they are [...] The full force of the UK austerity measures have not hit UK main street yet, YET! and when it does….. http://www.orange.co.uk/money/debt/7047.htm?linkfrom=hp3&link=secondary_pos_2_link_title&article=100715x0830x5secxmoneyeachhouseholdis200kindebt “Britain has sunk into a pit of debt which is five times deeper than previously feared, with the country now owing the equivalent of £200,000 per household. Instead of the £1 trillion reading normally presented as the nation’s debt, the UK is in the red by closer to £5 trillion, figures [...] |
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