A retirement plan run by The Jewish Federation of Greater Los Angeles is more than $25 million underfunded, according to financial statements filed in October. The statements say the pension fund, which holds savings for more than 2,000 employees working for eight different Jewish-affiliated organizations, hold assets equivalent to only 76.1 percent of its projected liabilities. Because that number is below 80 percent, the Internal Revenue Service considers the fund in “endangered status” or a “yellow zone.”
Responding to petitions signed by hundreds of their members, the California State Teachers Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) — the state’s two largest pension plans — have become enmeshed in the battle to persuade American companies to divest from Israel’s West Bank.
The Chicago City Council urged the city's largest employee pension fund to divest from Iran.
The International Court of Justice in The Hague has overturned an Italian ruling that would have forced Germany to pay a pension to an Italian former slave laborer for the Nazis.
Neither candidate on the campaign trail has spoken often on issues that matter to seniors, and when they have, it's been underreported by much of the media. So at the end of the day, how different are the candidates -- and their respective political parties -- from each other when it comes to issues of great importance to seniors, such as long-term care, Social Security, medical insurance and taxes?
After extensive negotiations with the Conference for Jewish Material Claims Against Germany, Germany eased some eligibility requirements so more low-income survivors like Aviva can receive so-called Article 2 pension payments.
The thought of Klara Kogan, who exists on a paltry government pension, haunts Steven Schwager, executive vice president of the American Jewish Joint Distribution Committee (JDC), which provides relief and welfare to Jews abroad.
The number of reported hate crimes in Los Angeles County was lower in 2003 than 2002, and while that decrease is part of a 12-year decline, Jews remain a highly visible, often-targeted religious group.
Faced with a pension shortfall of $20 million, the organized Jewish community's largest philanthropy finds itself forced to divert millions of donor dollars to employee retirement benefits, rather than to needed social services.
After last-minute negotiating, Austria, the United States and Jewish groups signed an agreement two weeks ago under which Austria agreed to pay $210 million, plus about $20 million in interest, to cover victims' property claims and unpaid insurance polices. The government also will pay an estimated $100 million in social welfare benefits to Austrian Jews.