Federal pensions burden grows as unfunded liabilities rise
Washington reports Rising prices and wages push future federal pension costs beyond funds set aside. Civil Service and military plans show looming unfunded liabilities, with official estimates much lower than real costs once inflation and pay raises are included. Debate centers on funding, timing, and who pays while considering long-term affordability.
MENTIONED IN THIS ARTICLE
Washington
New York
Civil Service
Board of Actuaries of the
Civil Service Retirement System
H. L. Krieger
General Accounting Office
Congressional
Double Pensions Add To Total Costs In Government Plans
The piece examines pension cost drivers in federal programs, noting a faster growing retirement benefit formula and minimal future inflation protection. It questions whether new private pension standards should bind government plans and how retirement costs fit broader personnel policy amid high early retirement and overlapping benefits.
MENTIONED IN THIS ARTICLE
Congress
Brock Adams
Dash
House Budget Committee
When will the retired population exceed the working cohort
Analysis projects a turning point around the next turn of the century when the number of retirees will grow substantially relative to the size of the working population, altering dependency dynamics and social support needs. Projections vary by country, driven by birth rates, life expectancy, and retirement policies.
Dead Man's Estate Sues Jerry Lewis
The estate of Marvin Major sues Jerry Lee Lewis in Superior Court for $20,000, claiming Major was struck in the left eye by a microphone during a November 3 1968 Atlanta performance, leaving permanent eye damage though not linked to Major's 1970 death.
MENTIONED IN THIS ARTICLE
Atlanta
Jerry Lee Lewis
Marvin Major
Major
Lewis
Fraud Charges Against St Louis Businessman
A St Louis County businessman faces federal charges of conspiracy wire fraud bank fraud and perjury in the attempted acquisition of the Steak N Shake restaurant chain and a Chicago firm. Edward A White 48 a principal officer of Computer Micro Data Corp and Rodney Aviation Corp was arrested after indictment by a federal grand jury. Wealthy Swiss businessman Charles Stern and several associates were listed as victims.
MENTIONED IN THIS ARTICLE
ST. Louis (Ap
St. Louis County
Chicago
Edward A. White
Computer Micro-Data Corp
Rodney Aviation Corp
Charles Stern
Cagney Brightens Day For Ailing Boy
Arlington Heights AP report says actor James Cagney brightened 14 year old Keith Mitchell's day by calling his hospital room. Keith, terminal brain cancer patient, remained semicomatose and could only nod. Cagney spoke with Keith for about ten minutes, and Keith acknowledged the call.
MENTIONED IN THIS ARTICLE
Cagney
Arlington Heights
James Cagney
Keith Mitchell
Keith
Helen
Mr. Cagney
Also Mentioned on This Page
Judith Campbell Exner
John F. Kennedy
Christ
Phillips Welding
Liberty SS
Clemson
W. Love
Mexico
Phil’s “66
Dead Man's Estate
Jerry Lewis
St. Louis
Royal Cafe
Randy Maguire
Jack Cutford
Joan Wheeler
Lyle Beeler
Shorty Robbins
George Riley Carr Hill
George Buckman
Merle Clifton
Ron Reinerd
Morton
Hiway
John Dieckmann
Dennis Berry
Bob Miller
Richard Wise
Marvin Clark
Tao
Gpicherk, Keke
Mit Bhan
Jiang Enc Heak
Ale Dee Hees
Kelly Furniture
Hwy
Mon Tues
Glen’s West Plaza Shell
the Shell Store
Pearl Motor Co
Shell Station
Collier- Evans Oil Co
Hell
Mexi
Shell
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