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Retirement Planning

States Taking a Hard Look at Pensions

February 11, 2012
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Considering that state and local pension systems are staring at $4 trillion in unfunded liabilities, it's no wonder that pension reform is on the minds of legislators across the country. Workforce Management takes a state-by-state look at the mounting problems and potential solutions being considered.
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Cracking Open Today's Retirement Strategies

February 6, 2012
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Today's workers aren't guaranteed the comfortable post-workforce lives that their predecessors had, so companies are looking for ways to help by unscrambling the current retirement puzzle.
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Employers Eye Revamping Retirement Plans

February 6, 2012
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With the continued downward spiral of the number of defined benefit plans, employers are becoming more concerned about workers having enough money to sustain their retirement. They are looking at guaranteed defined benefit-like investment options, mostly referred to as retirement income solutions, to help employees have more secured savings to tap throughout retirement.
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PBGC Updates Estimate of Funding Relief for American Airlines

February 6, 2012
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According to the Pension Benefit Guaranty Corp., American Airlines received specific funding relief in the Pension Protection Act of 2006 and an Iraq War spending bill in 2007 that allowed airlines to spread their unfunded liability in 2008 over 10 years instead of seven.
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A Third of New Yorkers Say They Can't Retire

January 26, 2012
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About 40 percent of New York workers had access to an employer-sponsored retirement plan in 2009, compared with the national average of 53 percent, according to the report by the New School's Bernard Schwartz Center for Economic Policy Analysis.
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Plan Sponsors Plot Their ‘De-Risking' of Defined Benefits

January 26, 2012
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According to a December 2011 study by Mercer and CFO Research Services, 59 percent of 192 senior-level financial executives surveyed say their defined benefit pension plan poses at least a moderate risk to their companies' short-term financial performance. High plan liabilities coupled with a weak market are causing plan sponsors to explore new strategies for protecting assets.
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Employers Adding Automatic Enrollment to DC Plans: Aon Hewitt

January 26, 2012
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Under automatic enrollment, employees who don't respond to participation notices are enrolled automatically in a plan unless they notify their employers that they want to opt out.
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