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Retirement/Pensions

Retirement Savings Tax Breaks Safe—for Now

April 17, 2012
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At a House hearing, neither Dems nor Republicans seemed eager to tinker with main selling point of 401(k)s and IRAs.
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Young Workers as Lifers? Millennials Push Employers on Retirement Benefits

April 10, 2012
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After seeing parents struggle through the Great Recession, a survey reveals that for many younger workers, financial security later in life is growing more important.
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Home Depot Renovates 401(k) Plans to Add Value, Cut Costs

April 9, 2012
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The plans offer a core lineup of 12 options, in addition to the target-date series and a self-directed brokerage window to accommodate participants who want greater access to mutual funds, exchange-traded funds and stocks.
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PBGC Director Gotbaum Discusses New Retirement Plan Options

April 5, 2012
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'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.
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Self-Thought: Companies Ponder Bringing Insurance In-House

April 3, 2012
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The most significant advantage that self-funded plans offer to employers is access to medical claims data, something insurance companies typically do not share with employers, says George Pantos, executive director of the Healthcare Performance Management Institute in Bethesda, Maryland.
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You, Too, Can Be a Member of the ‘Millionaires Club'

April 3, 2012
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Despite the dour results of a recent survey, experts say employers can boost workers' retirement confidence. A Texas credit union is doing exactly that with its 'millionaires club:' Its HR department set up the club to encourage high savings rates among its employees.
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Pension Plan Funding Levels Hit Record Low in 2011: Milliman

March 29, 2012
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The market value of pension plan assets increased by about $37 billion to about $1.246 trillion in 2011. But the value of plan liabilities leaped by about $133 billion to about $1.573 trillion.
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Early Retiree Health Care Plan Sponsors Have to Dec. 31, 2014, to Use ERRP Funds

March 19, 2012
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Under the ERRP, early retiree health care sponsors are reimbursed for 80 percent of claims—up to $90,000—after a participant incurs $15,000 in expenses.
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U.S. Senate Passes Pension Funding Relief in Highway Bill

March 16, 2012
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The U.S. Senate on March 14 approved allowing corporate defined benefit pension plans to base their contribution calculations on interest rates over a 25-year average rather than current interest rates, which have sent contribution payments soaring.
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