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Russian boomers want their pensions paid in crypto, government body reveals
Yahoo Finance· 2026-01-12 16:58
Scores of Russian pensioners want their pensions paid in crypto and spend their free time mining Bitcoin. The issue of cryptocurrency pensions was one of the Pension and Social Insurance Fund of Russia’s most popular requests last year, the Russian publication RG reported. The fund said its agents fielded 37 million calls from pensioners in 2025. “Current trends are being reflected in citizens’ questions,” the fund wrote on its Telegram channel. “Many people inquired about whether it was possible to r ...
Retired Houston city workers had their pensions delayed for months — here’s what to do if this happens to you
Yahoo Finance· 2025-10-02 10:30
Core Points - Nearly 300 Houston city workers who took early retirement have not received pension payments, causing financial concerns [1][2] - The City of Houston offered early retirement buyouts to about 3,000 workers due to a projected budget shortfall, with around 1,000 accepting the offer [3] - The Houston Municipal Employees Pension System (HMEPS) is experiencing a higher than usual caseload, which has contributed to the delays in payments [4] Summary by Sections Pension Payment Delays - Nearly 300 former city employees are facing delays in receiving pension payments, which were expected within 30 to 60 days after retirement [1][2] - The HMEPS board chair indicated that timing and incorrect paperwork from some retirees contributed to the delays [4] Early Retirement Buyout Program - The City of Houston initiated an early retirement buyout program as a cost-saving measure amid a budget shortfall, with approximately 1,000 employees accepting the offer in April [3] - The pension plan involved is a defined benefit plan, which is becoming less common compared to defined contribution plans [5] HMEPS Operations - HMEPS typically processes an average of 39 retirements per month, but the recent influx has created a backlog [4] - Additional staff have been hired to address the payment issues, with expectations that payments will be made by the end of September [4]
Emerson appoints LifeSight as master trust provider
Globenewswire· 2025-08-27 10:00
Group 1 - LifeSight has been appointed by Emerson as its full master trust provider, covering all active, deferred, and drawdown members [1][2] - The partnership began with LifeSight providing Drawdown solutions in 2020, and the full transition was completed by April 2025, with LifeSight going live for Emerson members on February 1, 2025 [2] - The addition of Emerson's membership increases LifeSight's total to 430,000 members and over £24 billion in assets under management [4] Group 2 - Emerson emphasized the importance of technology and member engagement, with LifeSight's mobile app significantly enhancing member interaction with retirement savings [3] - Phil Lamb, Pensions Manager at Emerson, highlighted LifeSight's investment strategy, member communication, and technology as key factors in their selection process [4] - LifeSight offers a comprehensive solution for defined contribution pension schemes, addressing the complexities and costs faced by employers [6][7]