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Retirement/Pensions

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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Michigan Teacher Funding of Retiree Health Benefits Violates Employment Rights: Court

August 20, 2012
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The law ran afoul of protections against impairment of government contracts because teachers received three percent less in pay by paying into a fund than the amount the teachers and their employers agreed upon as part of teachers' contracts.
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The Hot List: 2012 401(k) Plan Administrators

August 17, 2012
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Employers Resolve Retirement Stress With Investment Options Shift

August 14, 2012
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Target date funds and professional investment management services help employers and employees transition from outdated attitudes and methods to fund retirement.
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