"Regardless of the outcome today, Derek Chauvin remains eligible for a pension," the Minnesota Public Employees Retirement Association confirmed to Newsweek on Tuesday.
The swing state is a magnet for retirees, drawn by the warm weather and lower taxes.
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For most people, retirement planning translates to contributing to 401k and never giving it a second thought. Though following this, you could be harming your retirement strategy and losing growth on your 401(k) account, warns Blooom.
There have been calls from the Capitol Hill Organized Protest to defund the police department, with existing pensions also targeted in the demands.
A pension fund partially funded by taxpayers could be paying the former Minneapolis police officer roughly $50,000 a year in retirement benefits, even if he is convicted of murdering George Floyd.
The vote today directly affects hard-working Americans of every political stripe.
Kremlin critics are setting up rallies against one of Russia's least popular policies in years.
Russia's low life expectancy means many retirees would get to see only a few years of their pensions paid out—and Russians aren't having it.
Greece cannot handle more austerity.
The country is looking to increase pensions and lower retirement age.
"You would have to start cutting things that people really value, whether it is the money going to the NHS or whether it is support for our pension system," prime minister says.
Following proposed cuts to city employee health benefits, a quarter of Memphis police are out sick
Like Detroit firemen and policemen who paid their full pension dues, many Americans will be rewarded in old age by poverty.