RSS icon

Top Stories

Defined Benefit Plans

General Motors Co. Offers Pension Buyout to Salaried Workers

June 1, 2012
Comments (0)
General Motors Co., in a statement, said the moves should reduce its U.S. pension liability by about $26 billion, a major step in its bid to reduce the $134 billion pension obligation on its books, which GM says is the largest pension liability for any U.S. corporation.
Read More

Most Firms With DB Plans to Keep Them Open to New Hires

May 23, 2012
Comments (0)
Among defined benefit plans offered to new hires, 54 percent are hybrid plans such as cash balance plans, which combine elements of defined benefit and defined contribution plans, but legally are defined benefit plans.
Read More

Ending a Defined Benefit Plan Takes Shutdown Strategy, Experts Say

May 9, 2012
Comments (0)
Before a plan can be terminated, it needs to have all the funds necessary to pay benefits to employees. Once that happens, plan sponsors can start the process of shutting down the plan.
Read More

Ford to Offer Lump-Sum Pension Payouts to Ex-Workers

April 27, 2012
Comments (0)
When individuals take a lump-sum payment rather than continued monthly benefits, Ford no longer will face such risks as paying more than expected if the individuals live longer than expected.
Read More

Illinois' Pension Fix: Workers to Pay More, Retire Later

April 20, 2012
Comments (0)
Workers would keep their defined benefit contributions, something that has largely disappeared from the private sector.
Read More

In an Apparent First, a Public Pension Plan Files for Bankruptcy

April 19, 2012
Comments (0)
The development of the restructuring will set a precedent, particularly at a time when local government budgets and defined benefit plans are under strain.
Read More

Fidelity-ABB Ruling First in What Could Be String of Excessive-Plan-Fee Cases

April 19, 2012
Comments (0)
The case is significant because new federal rules that go into effect this summer will require 401(k) plan service providers—such as record keepers and investment managers—to report detailed fee information to plan sponsors.
Read More

Retirement Savings Tax Breaks Safe—for Now

April 17, 2012
Comments (0)
At a House hearing, neither Dems nor Republicans seemed eager to tinker with main selling point of 401(k)s and IRAs.
Read More

PBGC Director Gotbaum Discusses New Retirement Plan Options

April 5, 2012
Comments (0)
'What we need to do is provide options so that, case by case—employer and employee—they have choices. … And I think that, actually, is an important part of the future,' Joshua Gotbaum told the National Press Club on April 3.
Read More