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Articles by Kevin Olsen

Hostess Brands to Terminate Pension Plan as Part of Liquidation

November 19, 2012
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Hostess suspended payments to the 42 multiemployer pension plans to which it contributes in August 2011. The company's IBC Defined Benefit Plan had about $56 million in assets and $111 million in liabilities as of April 30, according to the PBGC.
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Illinois Pension Plans on Road to Ruin: Report

October 24, 2012
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Pension costs are projected to take up 25 percent of the state's budget in fiscal year 2015, up from 8 percent in 2008 and 20 percent in 2012.
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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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PBGC Director Gotbaum Discusses New Retirement Plan Options

April 5, 2012
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'What we need to do is provide options so that, case by case—employer and employee—they have choices. … And I think that, actually, is an important part of the future,' Joshua Gotbaum told the National Press Club on April 3.
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Aon Hewitt: 401(k) Participants Keep Moving Away From Equities

January 3, 2012
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401(k) plan participants last November maintained a now six-month trend in moving money to fixed income from equities, according to Aon Hewitt's November 401(k) Index.
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