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.Read More
'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.Read More
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.Read More
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.Read More
Target date funds and professional investment management services help employers and employees transition from outdated attitudes and methods to fund retirement.Read More
In all, the funding deficit jumped by a record $120 billion last month. Read More
Savings totals are being crimped by lower wages and the time they've spent outside the workforce.
Only 18 of the 338 S&P 500 firms with pension plans were fully funded, according to the Standard & Poor's report. Read More
Some believe the league is tossing up a brick with reliance on annuities, calling it a 'solution of last resort.'