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Retirement/Pensions

General Motors Co. Offers Pension Buyout to Salaried Workers

June 1, 2012
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General Motors Co., in a statement, said the moves should reduce its U.S. pension liability by about $26 billion, a major step in its bid to reduce the $134 billion pension obligation on its books, which GM says is the largest pension liability for any U.S. corporation.
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LGBT Adults Better Prepared for Retirement, Survey Finds

May 30, 2012
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The median amount that LGBT survey participants have saved is $150,000, 17 percent, of the $900,000 they expect to need. The average American has saved about 13 percent of the anticipated needed amount, according to the Wells Fargo study.
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Most Firms With DB Plans to Keep Them Open to New Hires

May 23, 2012
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Among defined benefit plans offered to new hires, 54 percent are hybrid plans such as cash balance plans, which combine elements of defined benefit and defined contribution plans, but legally are defined benefit plans.
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Young Workers on 401(k) Offerings: We Want Sure Things

May 14, 2012
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Gun-shy employees are keen on investments that provide guaranteed income, though there is little interest in diversification.
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Investment Executive Aims to Put Retirement Security on Election Agenda

May 10, 2012
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Putnam Investments' Robert Reynolds laid out a three-point plan—making Social Security solvent, providing employer savings programs to everyone who pays Social Security taxes and raising workplace savings rates to 10 percent—that he said should be addressed in every federal campaign.
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Ending a Defined Benefit Plan Takes Shutdown Strategy, Experts Say

May 9, 2012
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Before a plan can be terminated, it needs to have all the funds necessary to pay benefits to employees. Once that happens, plan sponsors can start the process of shutting down the plan.
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Auto Enrollment in Place? Good, but Without Auto Increase, Disaster Lies in Wait

May 8, 2012
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Even with employer matches, automatically enrolled workers' annual savings doesn't hit the recommended minimum 10 percent of pay.
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Ford to Offer Lump-Sum Pension Payouts to Ex-Workers

April 27, 2012
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When individuals take a lump-sum payment rather than continued monthly benefits, Ford no longer will face such risks as paying more than expected if the individuals live longer than expected.
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