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Retirement/Pensions

For Some Workers, the Piggy Bank Is Fat for Retirement

July 16, 2012
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Although financial stress exists for a large number of employees, a recent survey indicates that more people are stashing away enough for life after work.
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Law Will Cut Defined Benefit Pension Contributions, but Increase PBGC Premiums

July 11, 2012
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Employers will continue to value plan liabilities based on interest rates on top-rated corporate bonds for three different segments, averaged over 24 months. Segments refer to when benefits are paid to participants.
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American Airlines Asks to End Retiree Health, Life Benefit Coverage

July 9, 2012
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The airline and parent company AMR said they never promised to provide benefits for life and reserved their rights to modify the plans.
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Ford Retirees Criticize Lump-Sum Payment Offer Vs. Monthly Pension Checks

June 28, 2012
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The Ford Actions Impacting Retirees Alliance hired a team of lawyers, consultants and accountants to review the proposal Ford made this month, and in a letter to its members, advised against accepting the buyout, the Detroit News reported.
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Savers Credit Plan Is an Underutilized Aid for Employee Retirement Funds

June 27, 2012
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Although the plan is a separate program from company retirement plans, sponsors often aren't telling their workers about it as a way to improve their benefits.
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Democrats Razz Labor Department's Fiduciary Proposal

June 27, 2012
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The U.S. Labor Department first proposed an enhanced fiduciary-duty rule in October 2010, citing the need to update federal retirement law to improve the protection of millions of 401(k) and individual retirement account investors from tainted advice.
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Fewer Employers Match Defined Contribution Plan Deposits: SHRM Analysis

June 27, 2012
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Of 550 employers surveyed in SHRM's study of employee benefits programs, slightly more than two-thirds indicated that they currently match their employees’ contributions, down from 75 percent five years ago.
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Bankrolling Adult Kids Imperils Boomer Retirement

June 25, 2012
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Financial advisers worry that families don't realize how much they're spending on their grown children.
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Health Care Provider Hopes 'Girls Just Want to Have Funds'

June 15, 2012
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BayCare Health System of Florida has geared a new retirement savings push toward women after realizing that more than three-quarters of its workforce were female, generic savings seminars were not well attended, and women historically haven't been good savers.
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General Motors Retiree Group Rips Plan to Unload Pension Plan

June 15, 2012
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The General Motors Retirees Association, in a June 13 letter addressed to GM CEO Dan Akerson and posted on the organization’s website, says it’s concerned that GM’s plan to shift the pension plan for white-collar retirees to Prudential Insurance Co. of America will eliminate federal insurance of their pension income.
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