April 1 Pension News - And That's No Fooling
Spring brings flowers, rain and April Fool's Day. Different from other topics, April 1 doesn't seem to be a laughing matter anywhere around the world when it comes to retirement issues.
- The Pension Fund Regulatory and Development Authority in India sets April 1, 2009 as a date to expand pension plan products to citizens other than government workers. See "New pension scheme for MFs from April 1," Economic Times, March 18, 2009.
- Contributions increase for British Columbia Public Service Pension Plan participants as of April 1, 2009. See "B.C. pension contribution increase set for April 1."
- Russian pensioners saw contributions rise on April 1, 2008. See "Pensions to increase 250 rubles from April - minister 1," Russian News & Information Agency, March 26, 2007.
- Certain Canadian pension liabilities will be valued differently after April 1, 2009. See "Determination and Transfer of Commuted Values," Office of the Superintendent - Pension Commission, Manitoba, February 2009.
- National Football League retirement plan participants saw benefits drop, effective April 1, 2007. See "NFL Retirement Plan Amendment Reduces Pension Payout to Participants," RetiredPlayers.Org, March 31, 2008.
- The Texas Pension Review Board meets on April 1, 2009. Click to read the agenda.
- New UK tax laws permit expanded contributions for self-directed plans as of April 1, 2009. See "Pensions: 10 ways to boost your retirement income, Part 1" by John Lawson, Standard Life, March 26,2009.
- New Jersey municipalities must pay at least half of their annual pension bill by April 1, 2009. See "Pension Bills to Surge Nationwide" by Craig Karmin, Wall Street Journal, March 16, 2009.
