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Retirement Planning

David Wray Interview: Ready for Retirement

October 11, 2012
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As part of our 90th anniversary, Workforce is talking to some of the people and organizations that helped influence today's workplace. In this installment, writer Patty Kujawa speaks with David Wray, the retired president of the Plan Sponsor Council of America, on his thoughts about the evolution of defined contribution plans.
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More Employers Adding Automatic Enrollment to Defined Contribution Plans: Survey

October 4, 2012
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In 2012, 65 percent of employers surveyed by Towers Watson & Co. offered an automatic enrollment feature, up from 57 percent in 2011 and 51 percent in 2010.
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Fewer Employers Offering Defined Benefit Pension Plans to New Salaried Employees

October 3, 2012
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Just 11 Fortune 100 companies offered a traditional defined benefit plan to new salaried employees as of June 30, down from 14 in 2011, 17 in 2010 and 19 in 2009.
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Equifax to Offer Lump-Sum Pension Conversions to Eligible Former Employees

October 2, 2012
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The offer is being extended to those individuals who terminated employment prior to Jan. 1, 2012, but have not yet started to receive benefits.
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Pension Plans' Funded Status Up on Stronger Equity Market: Mercer

October 2, 2012
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The average funding level of pension plans sponsored by companies in the S&P 1500 rose to 73 percent in September, up from 72 percent in August and the record-low funded ratio of 70 percent set in July.
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Health of Long-Term-Care Business Questionable: Report

September 19, 2012
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The field of long-term-care insurance providers is shrinking as companies exit the business or limit their sales. Of the 15 companies that generated the most statutory earned premiums for long term care insurance in 2010, five either no longer sell the product or have curbed sales.
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Middle-Income Americans Wing It on Financial Decisions

September 18, 2012
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About 67 percent of people with household annual income between $30,000 and $100,000 have made at least one 'really bad financial decision.' Those stumbles cost families an average $23,000.
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Boeing Proposes Ending Defined Benefit Plan for New Employees

September 11, 2012
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Boeing's proposal would amount to a 40 percent reduction in benefits from current levels. The union's contract with Boeing expires Oct. 6.
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Pension Plan Funding Levels Up Slightly in August: Study

September 10, 2012
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Defined benefit plans offered by the 100 U.S. employers with the largest pension programs were an average of 72.4 percent funded as of Aug. 31, up from 70.9 percent as of July 31, but sharply lower compared with the 78.7 percent funded ratio at the end of 2011.
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National 401(k) Day Brings Retirement Planning Problems to Light

September 7, 2012
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This year's Sept. 7 kickoff date for National 401(k) Day "is a great trigger event for plan sponsors to have the conversation of how to get the most out of your 401(k)," says Chris Augelli, vice president of sales operations at ADP Retirement Services. "But it's not a one-time event. It should be an ongoing dialogue."
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