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Target date funds and professional investment management services help employers and employees transition from outdated attitudes and methods to fund retirement.Read More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.'
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.
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.Read More
The airline and parent company AMR said they never promised to provide benefits for life and reserved their rights to modify the plans.