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Retirement/Pensions

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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Illinois' Pension Fix: Workers to Pay More, Retire Later

April 20, 2012
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Workers would keep their defined benefit contributions, something that has largely disappeared from the private sector.
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Changes Necessary in Company Pension Plans

April 20, 2012
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Personnel Journal Jan./Feb. 1936, pages 237-242
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In an Apparent First, a Public Pension Plan Files for Bankruptcy

April 19, 2012
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The development of the restructuring will set a precedent, particularly at a time when local government budgets and defined benefit plans are under strain.
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Fidelity-ABB Ruling First in What Could Be String of Excessive-Plan-Fee Cases

April 19, 2012
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The case is significant because new federal rules that go into effect this summer will require 401(k) plan service providers—such as record keepers and investment managers—to report detailed fee information to plan sponsors.
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Rules for Retirement-Plan Fees Have Some Companies Scrambling to Comply

April 17, 2012
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Plan sponsors need provider fee information so they can give participants data on fees. This regulation comes in two waves: the first requiring plan sponsors to give participants plan and investment information due Aug. 30, and the second delivering quarterly information on fees and services to participants' individual accounts, due Nov. 14.
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Retirement Savings Tax Breaks Safe—for Now

April 17, 2012
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At a House hearing, neither Dems nor Republicans seemed eager to tinker with main selling point of 401(k)s and IRAs.
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Young Workers as Lifers? Millennials Push Employers on Retirement Benefits

April 10, 2012
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After seeing parents struggle through the Great Recession, a survey reveals that for many younger workers, financial security later in life is growing more important.
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