pension payments
Coverage of pension payments in the Nexus archive.
- Increase in workers pausing pensions payments thanks to mounting financial pressures
More workers are pausing pension payments due to increasing financial pressures. The trend reflects growing economic challenges impacting retirement savings decisions.
- ‘Groundhog Day’ for Mamdani’s Big Budget One-Shots
Mayor Zohran Mamdani's $125.8 billion budget for fiscal year 2027 addresses a $12 billion gap using $8 billion in one-time funds and pension payment delays, but critics warn it creates a projected $7 billion deficit by 2028. Fiscal experts like Comptroller Mark Levine and the Citizens Budget Commission argue the measures shift costs to future taxpayers and fail to resolve structural challenges, while Mamdani claims democratic socialists can outperform capitalist economic management.
- U.S. Postal Service plans to halt some pension payments
The U.S. Postal Service plans to halt some pension payments, affecting retired employees. This decision comes amid financial challenges facing the organization.