Thursday 4 June 2020

The Daily Money: Are pensions doomed because of COVID?

05:15

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thursday, June 4

Good morning, Daily Money readers. It's David here, with our top financial and tech stories for this Thursday.

Did everyone who qualified receive their stimulus checks? Not yet. The IRS said millions of low-income people, homeless people and others who aren't required to file a tax return may still be eligible. But they will need to take some action to give the IRS information on where to send the money.

Teachers, cops and other public workers face another risk from COVID-19: Pension cuts. With coronavirus dragging down stocks and budget crises for state and local governments, retirees are concerned about their retirement funds.

For more news, keep scrolling down.

David Brinkerhoff, Deputy Money Editor

Economic Impact Payment checks will continue to be mailed in May and run through June, and possibly later. In this April 23, 2020, photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak. (AP Photo/Eric Gay, File)

Many Americans are still missing out on coronavirus relief cash

The IRS said millions of low-income people, homeless people and others who aren't required to file a tax return may be eligible for coronavirus relief.