Government pensions and social security

Argentina's former soccer star Diego Maradona cheers for his team before the group D match between Argentina and Croatia at the 2018 soccer World Cup in Nizhny Novgorod Stadium in Nizhny Novgorod, Russia, Thursday, June 21, 2018. (AP Photo/Petr David Josek)
June 21, 2018 - 2:36 pm
MOSCOW (AP) — The Latest on Thursday at the World Cup (all times local): 9:30 p.m. An Argentina fan has been banned from attending World Cup matches after posting a sexist video in which he encouraged a Russian woman to say offensive things in Spanish. The video shows the fan asking the young woman...
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A retired woman holds a placard which reads "pensioners no longer want to be taken for milk cows" during a rally in Paris, France, Thursday, June 14, 2018. Thousands of retired French workers have taken to the streets across the country over a tax hike on their pensions. (AP Photo/Michel Euler)
June 14, 2018 - 11:35 am
PARIS (AP) — Thousands of French retirees are protesting across the country over a tax hike on their pensions. Nine unions called on retired workers to demonstrate Thursday against the centrist government's plans to freeze pensions and increase taxes. The tax hike has been in effect since January...
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FILE- In this May 30, 2018, file photo the East Front of the U.S. Capitol in Washington is seen under stormy skies. On Tuesday, June 12, the Treasury Department releases federal budget data for May. (AP Photo/J. Scott Applewhite, File)
June 12, 2018 - 2:56 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $146.8 billion in May, helping push the total deficit so far this year 23 percent above the same period a year ago. Last month's deficit followed a surplus of $214.3 billion in April, a month that traditionally ends in the black...
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FILE - In this Thursday, May 24, 2018 file photo, then Premier-designate Giuseppe Conte addresses the media after a round of consultations to form the Cabinet ministers, in Rome. Italy will be represented at this week's summit of the world's wealthiest democracies by a political novice whose powers in the new populist government remain to be tested: At best, as an executor of a program he didn't help draft, at worst, as a mediator between two disparate political blocs joined in a marriage of convenience. (Ettore Ferrari/ANSA via AP, File )
June 08, 2018 - 3:54 pm
ROME (AP) — The economist who tried to form an Italian government amid political gridlock said Friday he's "truly worried" that the costly measures on the new populist leaders' agenda will further swell Italy's national debt and trigger a negative reaction by the financial markets. Carlo Cottarelli...
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FILE - In this Jan. 11, 2013 file photo, the Social Security Administration's main campus is seen in Woodlawn, Md. Medicare’s financial problems have gotten worse, and Social Security’s can’t be ignored forever. The government’s annual assessment is a sobering checkup on programs vital to the middle class. The report from program trustees says Medicare will become insolvent in 2026, three years earlier than previously forecast. The report says Social Security will become insolvent in 2034, no change from the projection last year.(AP Photo/Patrick Semansky, File)
June 06, 2018 - 1:55 am
WASHINGTON (AP) — Medicare will run out of money sooner than expected, and Social Security's financial problems can't be ignored either, the government said Tuesday in a sobering checkup on programs vital to the middle class. The report from program trustees says Medicare will become insolvent in...
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FILE - In this May 8, 2018, file photo, Illinois Gov. Bruce Rauner, center, addresses reporters outside his state Capitol office in Springfield, Ill. For years, Rauner has been ubiquitous on all things related to the Illinois budget. Not this year. Lawmakers whisked through a $38.5 billion spending plan this week with barely a mention of the Republican governor's name. Gone were the demands for business-friendly structural changes in exchange for budget which forced a historic stalemate for his first 2 and a half years in office. (AP Photo/John O'Connor File)
June 01, 2018 - 11:52 pm
CHICAGO (AP) — Illinois' new state budget relies on more than $400 million in savings from a new pension buyout plan that finance experts caution is highly speculative and may not save as much money as lawmakers say. The budget sailed through the Legislature this week on a bipartisan vote, and...
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A man walks in front of a docked ferry at the port of Piraeus, near Athens, Wednesday, May 30, 2018. Greece's largest labor unions are staging a general strike against plans to extend austerity measures beyond the bailout, in a 24-hour protest that is disrupting flights, public transport and services, closed schools and left hospitals running on emergency staff. (AP Photo/Petros Giannakouris)
May 30, 2018 - 4:35 am
ATHENS, Greece (AP) — Greece's largest labor unions are staging a general strike against plans to extend austerity measures, in a 24-hour protest that halted ferry services to the islands, and disrupted flights, public transport and other services. Wednesday's strike also closed schools and left...
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May 24, 2018 - 7:07 pm
CHERRY HILL, N.J. (AP) — Many pension funds for public workers already owe far more in retirement benefits than they have in the bank, and the problem will only grow worse if the economy slows down, according to a report released Thursday. The study from The Pew Charitable Trusts found that the New...
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California Treasure John Chiang, a member of the California State Teacher's Retirement System Investment Committee, discusses his proposal to lobby gun retailers to stop selling weapons and accessories in other states that are banned in California, Wednesday, May 9, 2018, in West Sacramento, Calif. The board voted to approve the measure. (AP Photo/Rich Pedroncelli)
May 09, 2018 - 8:26 pm
WEST SACRAMENTO, Calif. (AP) — One of the largest public pension funds in the nation voted Wednesday to use its financial might to pressure gun retailers across the country to stop selling military-style assault weapons and accessories like rapid-fire "bump stocks" used at the 2017 Las Vegas mass...
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In this April 27, 2018, photograph, a teacher carries a placard in support of funding the teacher and other public sector workers' pension fund during a rally in Denver. Rising pension costs are eating away at teacher pay in Colorado and other states. The pension issue has played a role in a teacher uprising sweeping the U.S. Thousands of Colorado teachers walked off the job and closed down schools last week. (AP Photo/David Zalubowski)
May 01, 2018 - 12:12 pm
DENVER (AP) — The loudest rallying cries from Colorado teachers protesting for more education dollars were about dwindling paychecks that are steadily losing ground to the state's rising cost of living. Teachers usually say a persistent funding shortage, which has cost public schools $6.6 billion...
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