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Retirement/Pensions

GM Pension Plan Underfunding Rises in 2011

February 28, 2012
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To reduce liability growth, GM will completely freeze defined benefit plans covering salaried employees, effective Oct. 1, completing a process it began several years ago.
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Personal Finance: Cure the Worry Bug With a Dose of Education

February 21, 2012
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Financial stress and uncertainty are serious workplace issues, a study by MetLife Inc. shows. Seventy-eight percent of employers said concerns over financial problems could have a negative effect on productivity. The study also found that effective financial education lowers stress, reduces absenteeism and increases productivity among the workforce.
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Biggest Expense for Americans Over 50? Not Health Care

February 15, 2012
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Out-of-pocket costs on drugs and medical insurance are the second most costly item for older folks.
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Getting Minorities to Buy In on Retirement

February 13, 2012
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Experts agree that automatically enrolling all participants and annually increasing the pretax employee salary contribution is crucial for getting minorities to participate in retirement plans.
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The Last Word: Backyard Retirement Plan

February 11, 2012
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'I would like to believe, three years past the depths of the worst economic time since the Great Depression, there are lessons learned.'
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Wisconsin's Tough Choice

February 11, 2012
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Facing a $3.6 billion deficit for the state's 2011-13 budget, Wisconsin Gov. Scott Walker says he knew he had to do something and didn't really like the choices. The budget shortfall was the largest the state had ever seen, and Walker says he didn't want to raise taxes, fire anybody or cut services.
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