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Retirement/Pensions

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Target date funds and professional investment management services help employers and employees transition from outdated attitudes and methods to fund retirement.
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Women Facing 'Retirement Income Glass Ceiling'

July 31, 2012
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Savings totals are being crimped by lower wages and the time they've spent outside the workforce.
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S&P 500 Companies' Pension Funding Ratio Drops in 2011

July 20, 2012
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Only 18 of the 338 S&P 500 firms with pension plans were fully funded, according to the Standard & Poor's report.
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Financial Advisers Reject NBA Retirement Plan

July 18, 2012
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Some believe the league is tossing up a brick with reliance on annuities, calling it a 'solution of last resort.'
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