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Retirement/Pensions

More Employers Adding Automatic Enrollment to Defined Contribution Plans: Survey

October 4, 2012
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In 2012, 65 percent of employers surveyed by Towers Watson & Co. offered an automatic enrollment feature, up from 57 percent in 2011 and 51 percent in 2010.
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Fewer Employers Offering Defined Benefit Pension Plans to New Salaried Employees

October 3, 2012
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Just 11 Fortune 100 companies offered a traditional defined benefit plan to new salaried employees as of June 30, down from 14 in 2011, 17 in 2010 and 19 in 2009.
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Equifax to Offer Lump-Sum Pension Conversions to Eligible Former Employees

October 2, 2012
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The offer is being extended to those individuals who terminated employment prior to Jan. 1, 2012, but have not yet started to receive benefits.
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Pension Plans' Funded Status Up on Stronger Equity Market: Mercer

October 2, 2012
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The average funding level of pension plans sponsored by companies in the S&P 1500 rose to 73 percent in September, up from 72 percent in August and the record-low funded ratio of 70 percent set in July.
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NFL to Freeze Referees' Pension Plan Under Labor Agreement

September 27, 2012
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Retirement benefits will be provided through a defined contribution plan to new referees immediately and for all officials beginning in 2017.
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American Airlines to Freeze Pension Plans in November

September 14, 2012
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To be frozen on Nov. 1 are pension plans for flight attendants, ground crews and mechanics, as well as the pilots' A plan. The pilots' B plan, which is a defined contribution plan, will be terminated Nov. 30.
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Pension Plan Funding Levels Up Slightly in August: Study

September 10, 2012
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Defined benefit plans offered by the 100 U.S. employers with the largest pension programs were an average of 72.4 percent funded as of Aug. 31, up from 70.9 percent as of July 31, but sharply lower compared with the 78.7 percent funded ratio at the end of 2011.
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Bill Seeks Government Sale of GM Stock to Fund Delphi Pension Benefits

September 6, 2012
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The legislation, which will be introduced next week when the Senate reconvenes, is intended to cover all benefits lost to hourly and salaried retirees when the Pension Benefit Guaranty Corp. took over the Delphi's six defined benefit plans in 2009. The plans were terminated as part of Delphi's Chapter 11 bankruptcy reorganization.
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Too Much Company Stock Can Be Hazardous to a 401(k) Account

September 1, 2012
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'Companies that look great today may not look great tomorrow. It is better for participants not to be overexposed in their retirement plans to company stock,' BrightScope founder Dan Weeks says.
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Working Longer No Lock for Comfortable Retirement

August 30, 2012
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In the past, most workers figured they'd be able to retire at the age of 65. But following 2008's financial crisis, the idea of working a few more years to recoup lost savings became commonplace.
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