My mom had a uh she was involved in a bit of a pension scandal because when she she did that whole thing, you know, she worked for her whole life, paid into a pension, and then when she she went to claim it at 60, which is what it was advertised as, um they kicked it back two years and said, "Oh, actually, no, you can't have it now. You can have it when you're 62." And then when she was 62, so 64 and eventually she got it when she was 66. Oh, I was only young at the time. It was probably I was probably in m ...

Core Insights - The article discusses the implications of choosing a "level income" pension option and its interaction with Social Security benefits, particularly in the context of retirement planning and survivor benefits. Group 1: Pension and Social Security Interaction - The "level income" pension option allows retirees to receive a higher monthly pension benefit until their Full Retirement Age (FRA) of 67, after which the benefit is reduced [2][5]. - The decision to delay taking Social Security benefits until at least FRA can be advantageous, as it preserves personal retirement savings and avoids locking in a permanently reduced Social Security benefit due to early claiming [5][7]. - The specifics of pension contracts can significantly affect how Social Security benefits can be claimed, with some contracts allowing for higher payouts only until age 62, while others extend benefits until FRA [6][7]. Group 2: Survivor Benefits Considerations - In the event of a spouse's passing before reaching FRA, it is possible to receive a Social Security survivor benefit based on the deceased spouse's record, even if the individual has not started their own benefits [3][4]. - There is an option to switch to personal benefits at age 67 or defer personal benefits until age 70 while continuing to receive the survivor benefit until then [3].

South Korea's National Pension Service lowered its target for overseas equities to 37.2% from an earlier goal of 38.9% https://t.co/Jhh1B4Avgh ...

JUST IN: 🇨🇴 Colombia’s second-largest pension fund AFP Protección to offer Bitcoin exposure.Pensions are coming 🚀 https://t.co/K4Mh0n8pHr ...

Retirement doesn’t mean your financial journey is over. In fact, it’s just entering a new phase. As a retiree, you’ve got to stay on top of your expenses since you’re likely living on a fixed income and want to avoid running out of savings. That’s why it’s more important than ever to stay proactive with your money. Read Next: Gen X Is Hoping To Retire Like Boomers: Here’s Why They Can’t For You: 5 Clever Ways Retirees Are Earning Up To $1K Per Month From Home While it may seem backwards to look to younger ...

A payout to pensioners was meant to be a one-off for a struggling government in the 1970s—yet politicians have not dared kill it https://t.co/U1ZKHt8shE ...

Investment Policy Update - India's pension regulator has broadened investment opportunities for National Pension System (NPS) fund managers [1] - The update allows deeper participation in equities, bonds and alternative assets [1] Regulatory Impact - The update represents a sweeping change to investment norms [1]

RT Bitcoin Magazine (@BitcoinMagazine)NEW: 🇺🇸 Indiana House introduces bill that would allow pensions to invest in Bitcoin.The bill also aims to help protect self custody 👏 https://t.co/dnGGU6DlwX ...

What is at stake then, Oli, for the German chancellor today, I think once again, his authority is at stake, which is something we've seen really from the very beginning of his chancellorship. He's not somebody that was beloved really by really anybody in the German sort of political arena, even within the CDU. And there's this pension vote that's going before the Bundestag today in which there is a rebellion, not just from the broader parts of his coalition, but actually within a fragment of his own CDU, th ...

European politicians must act fast if they are to spread the costs of ageing over many cohorts of people, rather than imposing abrupt pension cuts or tax rises later. Discipline today buys room to age gracefully tomorrow https://t.co/TcSmOtxTrI ...