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Retirement/Pensions

Tax Bill Will Reduce 401(k) Taxes, Ease Fund Transfers

January 2, 2013
A provision tucked into the American Taxpayer Relief Act will expand the opportunities for employees to transfer funds from traditional 401(k) plans to Roth 401(k)s. Employees who are in lower tax brackets now compared with when they retire will reap big tax savings from such transfers.
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PBGC Deficit Hits Record $34 billion in 2012 Fiscal Year

November 16, 2012
The deficit in the PBGC's insurance program for single-employer plans climbed to $29.1 billion in fiscal 2012, up from $23.3 billion the previous year. The deficit in the agency's insurance program that covers multiemployer pension plans climbed to about $5.2 billion, up from $2.8 billion the previous year.
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