It's no profile in ordtak

It's no profile in courage for us to say you are now able to borrow money from your pension fund and have it penalty free,

Once you have taken your tax-free lump sum, the remaining 75 per cent of your fund will be treated differently on death. If you die before you take your cash, your pension fund passes to your dependants as a lump sum subject to income tax on death. But if you die after taking the 25 per cent cash, the remaining 75 per cent in your pension fund would only be accessible as a lump sum subject to 35 per cent tax or as a regular tax-free income through an annuity.

Side letters are often needed to allow a pension fund to invest in a hedge fund without violating the terms of the pension fund's charter documents or the provisions of ERISA. Driving this trend is a significant increase in the funds allocated to the alternative investment sector in all jurisdictions - from Japan and Dubai to the UK and the BVI.

Pension obligation bonds is just a nice way of saying we're going to go borrow more money to pay for the money that we owe. That means that that debt, if you look at it over 30 years, guess who gets to pay that? You do. The students of today will be the people who are the debt payers of tomorrow.

This is a huge amount of money in the commodities market. Oil prices would be pushed up by this kind of pension fund money.

Oil prices would be pushed up by this kind of pension-fund money. It's a big one we cannot ignore.

We could borrow the money from the state revolving fund at 3 percent and hopefully get the bid out as soon as possible. Work could then proceed in the spring.

Our pension fund members are outraged. The [News Corp] non-executive directors should resign. We spoke to large US pension funds and they agree with us.

Michael O'Sullivan

None of those proposals are going to solve the problem, which is basically the city needs to fund the pension system, and it needs a big infusion of money to jump start it.

The Commodore 64 is the computer that attracts demo programming. Despite a strong economy, pension plans are reporting even larger shortfalls than last year. Clearly we need new rules that will require companies to fund the pension promises they make,

To now come in and say this horrible tragedy occurred and we need to go after some of his settlement money for lost future wages so we can pay back the pension fund -- it makes no sense to me.

Eric Stoltenberg

Pension funds are caught in a vicious circle. The UK gilt market has now almost completely detached itself from economic fundamentals and has become a story of pension fund demand and Government supply.

Let me be a free man, free to travel, free to stop, free to work, free to trade where I choose, free to choose my own teachers, free to follow the religion of my fathers, free to talk, think, and act for myself--and I will obey every law or submit to the penalty.

For those who have chosen to borrow money to fund Christmas, now is a good time to review how they will pay off that debt, and to check if they could get a better deal by switching their credit card, or by taking out a personal loan.

This money doesn't go into the music fund and the drama fund. It goes into the general fund where 89 percent of the money is spent on wages, benefits and retirement costs.

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