Pension News

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Group offers pension help for Kentuckians

Middlesboro Daily News – August 31, 2010
One non-profit group has been seeking to assist seniors, particularly those with moderate or low incomes, by reclaiming pension benefits for workers, retirees, and their families.

Pension fight stalls sale of Philly newspapers

Associated Press via Yahoo! News – August 31, 2010
The bankruptcy sale of Philadelphia's two major newspapers has been delayed two weeks as creditors poised to take over try to hammer out labor contracts with several Teamsters units.

CAT changes retirement option for management

Herald & Review (Decatur, IL) – August 31, 2010
Management and administration workers at Caterpillar’s Decatur plant just got a big surprise: their traditional defined benefit pension is driving off into the sunset to be replaced by a 401(k) pension savings plan.

Which type of pension to choose?

News & Observer (Raleigh, NC) – August 29, 2010
Q: I will be 55 years old this year and I want to apply for my pension of about $500 a month. My question is whether I should take the single life annuity of $500 a month or the "50% Joint and Survivor Annuity," which would give me about $30 less each month and give my husband about $250 a month if I should die before him.

Former Fed official: Workers need bigger nest eggs

Pittsburgh Post-Gazette – August 29, 2010
Four years removed from the high-wire act of promoting stable, noninflationary economic growth, Roger W. Ferguson Jr. has taken on another seemingly insurmountable objective: trying to get anxious workers who saw a good chunk of their nest eggs evaporate in the financial meltdown to boost their retirement savings.

Paying the piper with your nest egg

Star Tribune (Minneapolis, MN) – August 28, 2010
401(k) loans are on the rise, a result of tighter credit and a tough economy. But there are considerations before pulling the trigger.

About face! The key benefit companies changed their minds about

CFO Daily – August 27, 2010
For folks hoping their employers would reinstate their 401(k) match this year, we have some bad news: Probably not going to happen.

Beware of borrowing against your 401K

WVLT-TV (Knoxville, TN) – August 27, 2010
If you are thinking about dipping into your retirement, financial experts think you better think twice.

Hemet hospital district sued over pension plan termination

Press-Enterprise (Riverside, CA) – August 27, 2010
A lawsuit has been filed against Valley Health System concerning termination of an employee pension plan alleging violation of state pension laws, underfunding of the plan and breach of contract.

Young Adults Worried About Funding Retirement

Adweek – August 27, 2010
They may not be doing much more than worrying about it. But, according to a recently released Ipsos Marketing report, many 25-34-year-olds "are already concerned about having enough money to see them through retirement."

IRS: Those small-business pension plans were too good to be true

Forbes – August 26, 2010
In a warning to small business owners, the Internal Revenue Service has sued a Los Angeles area man, saying he set up bogus pension plans allowing such clients to wrongfully duck at least $30 million in taxes.

My View: Workers hustled in pension game

Journal Standard (Freeport, IL) – August 23, 2010
The average worker’s compensation package was better in the 1970s than it is now. Most public employees in the early 1970s had pensions and Social Security. Workers in the private sector had pensions, Social Security and best of all, profit sharing. People took their pensions for granted.

How to Tell if You Have a Good 401(k) Plan

U.S. News & World Report – August 23, 2010
A generous 401(k) match and low-cost investment options can boost your chances of a secure retirement

How Fidelity Could Reform the 401(k) Plan System, But Won't

Finance Daily – August 22, 2010
According to Fidelity Investments, withdrawals from 401(k) plans are on the rise. This is a troublesome sign. The average 401(k) plan balance at the end of the second quarter of this year was a paltry $61,800 -- hardly enough to "retire with dignity."

Fidelity: retirement fund withdrawals rise in downturn

Reuters – August 20, 2010
A record number of U.S. workers are tapping into their retirement accounts to make it through the economic downturn, Fidelity Investments found in a survey released on Friday.

Aerospace retirements? Not happening

Orange County Register – August 20, 2010
For years, aerospace and defense firms have been worrying about the Baby Boomer bomb, when thousands of their most experienced workers would retire.

New rules order thorough disclosures of 401(k) fees

Pittsburgh Post-Gazette – August 18, 2010
Although workers have not been receiving itemized bills for fees they pay in their 401(k) retirement plans, those hidden costs may be chipping away at the growth of their nest eggs.

401(k) Matches Not Coming Back

KELO (Sioux Falls, SD) – August 18, 2010
Did you lose your employer's 401(k) match when the recession hit? Without a match, many workers just stop putting money in their retirement plans altogether.

Unhappy with your 401(k)? Sorry: No rollover for you!

USA Today – August 18, 2010
If you are frustrated by the choice of investments in your 401(k) plan, join the club.

Should Annuities Be an Option in 401(k)s?

Investment Advisor – August 18, 2010
All forms of annuities may not be the right fit for retirement plans

On cusp of GM IPO, senator seeks more for retirees

Reuters – August 17, 2010
Senator Sherrod Brown of Ohio, a Democrat who supported the General Motors bailout, said on Tuesday he will meet with the automaker's incoming chief executive to renew a push for better pensions for retirees from the company's former parts unit, Delphi.

Half of workers wish they had pension, fear retirement costs

Insurance & Financial Advisor – August 16, 2010
Nearly half of people in a recent survey on financial planning said they wished they had a pension, according to the Ipsos online poll.

Why to Avoid Company Stock in Your (401)k

Forbes – August 16, 2010
For some people, the notion that investing in the company where you work is a bad idea may sound somewhere between absurd and treasonous.

Baby boomers in shaky retirement position

Richmond Times-Dispatch – August 15, 2010
Fifty-somethings Ronald and Julia Maupin know just how it feels to be sandwich boomers, taking care of boomerang children and aging parents.

Fewer Workers Able to Retire at Age 65

U.S. News & World Report – August 13, 2010
Retirement at age 65 may be a thing of the past. Americans are now delaying retirement until older ages than previous generations.

Retirement: The Pension Letdown

SmartMoney – August 13, 2010
To the millions of workers scraping by with a crash-depleted 401(k), having a pension can seem like the next best thing to a lottery ticket—a paycheck for life, often on top of Social Security. But while most of the public stands in awe of these benefits and some argue that 401(k)s should work more like the pension system, many actual pension holders are quietly becoming casualties of the tough economy.

'Overpaid' Pensions Being Seized

Wall Street Journal – August 13, 2010
Ralph Yore, a retired aircraft inspector, found out the hard way what happens when companies make pension errors.

Chicago Sun-Times pensions under PBGC control

Crain's Chicago Business – August 12, 2010
The Pension Benefit Guaranty Corp. is taking over seven pension plans that cover about 2,360 workers and retirees of the Chicago Sun-Times newspaper and its suburban sister publications.

Americans saving, but not necessarily in 401(k) plans

Chicago Tribune – August 12, 2010
Americans are busy squirreling away savings more aggressively than in decades, but not necessarily in their 401(k) plans. And that has observers wondering if employees are short-changing their retirement savings.

Danger In Your 401(k)

Forbes – August 12, 2010
In troubled times a lot of workers are investing 401(k)s in the stock of the company they know best--their employer. Can you say "Enron"?

Verizon Can Fix Pension Error, 7th Circuit Rules

Courthouse News Service – August 11, 2010
The 7th Circuit allowed Verizon to fix a mistake in its pension plan that could have cost the phone company $1.67 billion in increased benefits for 14,000 pensioners. "It is baffling that a major corporation would not invest greater resources to ensure accuracy in drafting such an important document," Judge John Tinder wrote.

Don't Count on This Retirement Cure-All

Motley Fool – August 11, 2010
Despite the beauty of the annuity as part of a retirement plan, most Americans simply can't afford to buy as much income as they need.

Boomers wanting to work past retirement age find limited options

USA Today – August 10, 2010
Baby Boomers approaching retirement age are in for a rude awakening.

Zell Can’t Be Made to Pay for Tribune Pension Losses

Bloomberg BusinessWeek – August 10, 2010
Sam Zell can’t be made to pay for Tribune Co. retirement fund losses, a judge ruled, rebuffing workers who claim the billionaire caused the company’s employee stock ownership plan to lose value.

Hidden fees keep many 401(k) investors in dark

St. Louis Post-Dispatch – August 10, 2010
Your 401(k) isn't free, but most employees — and even some employers — have no idea how much they're paying for the popular retirement plan.

Our view on retirement income: Afraid Social Security won't be there for you? It will.

USA Today – August 10, 2010
At a time when it's increasingly common to see impending doom everywhere — terrorism, global warming, joblessness, etc. — here's something Americans can cross off their be-very-afraid list: whether Social Security will be around so they can worry about all those other threats in relative financial comfort.

Washington needs to provide 401(k) rules

San Francisco Chronicle – August 7, 2010
Some 50 million Americans pour money into 401(k) pensions, which are the nation's most popular retirement nest egg after Social Security. But after some 30 years in operation, the rules remain murky.

Health care, variable payouts factor into retirement puzzle

Rockford Register-Star – August 7, 2010
Forty years of saving for 30 years of retirement isn’t turning into a sound equation for a growing segment of Americans.

Employers Slow to Restore 401(k) Plan Matching Contributions

Workforce Management – August 6, 2010
As companies move to reinstate those contributions, some are altering the way they calculate them and, in some cases, linking them to company profitability.

The 401(k) Travesty

Slate – August 4, 2010
Hugely profitable companies that won't restore the 401(k) match they ditched in 2008.

Auto-IRA May not Help as Many as Government Hopes

PlanSponsor – August 3, 2010
A new study concludes that while offering convenient savings options to low-income workers should help improve their retirement security, fewer individuals may take advantage of the opportunity than policymakers hope.

Protecting workers' 401(k) plans

Los Angeles Times – August 3, 2010
Retirement plan investors get a hand with new Labor Department rules on investment firms' fees and a court ruling that should help make employers pay more attention to the value of fund offerings.

Retirement anxiety ratchets up for young workers

Chicago Tribune – August 1, 2010
Tribune/WGN poll found that 42 percent of Chicago-area workers under 35 had changed their expectations about retirement as a result of the recession.

The Biggest Mistakes 401(K) Plan Sponsors Make

Institutional Investor – July/August 2010
Maybe there’s no single “right way” to do anything, including running a retirement plan. But apparently there are lots of “wrong” ways – especially in a downturn.

Younger adults fret about future

Middletown (CT) Press – July 31, 2010
For most of them, retirement is a good 30 years away, but research released Thursday shows many young adults between the ages of 25 and 34 are already worried they won’t have enough money to support themselves in retirement.

Dwindling Retirement Savings 'Undiscussed Explosive Bomb' Of Recession

Huffington Post – July 30, 2010
Aside from stagnant wages, soaring unemployment and plummeting home values, the major tragedy of this recession is the havoc it has wreaked on the retirement incomes of millions of Americans who have planned and saved their entire lives, only to watch that money drain out of their accounts much sooner than they anticipated.

Valley Delphi retirees to protest in Detroit

Vindicator (Youngstown, OH) – July 30, 2010
Several members of the Delphi Salaried Retirees Association here will join their Michigan counterparts in Detroit today for a demonstration in front of the General Motors headquarters.

Employee suits alleging excessive 401(k) fees gain ground

Los Angeles Times – July 29, 2010
A ruling by a judge, who in one case said Edison International did 'substantial' harm to employees by not negotiating lower fees from the firm running the 401(k) plan, may bolster other lawsuits.

Pension fight raises moral concerns for ELCA, publisher

Religious News Service via NewsOK – July 28, 2010
As the Evangelical Lutheran Church in America (ELCA) fights to stay out of a legal battle over unpaid pension benefits, all sides agree on at least one point: More is at stake than millions of dollars owed to some 500 pensioners of Augsburg Fortress, the ELCA's publishing arm.

401(k) fee disclosures may fatten workers' retirement pot

Pittsburgh Tribune-Review – July 28, 2010
The federal government just did something to save you money. Seriously.

New study: Few IRA owners contributing new money

Associated Press via Yahoo! Finance – July 27, 2010
New study shows few IRA accountholders contributing new dollars

Ledbetter Law Fails To Save El Paso Workers’ Suit

Law360 via Forbes – July 27, 2010
A federal judge has once again thrown out a suit claiming that El Paso Corp. discriminated against workers based on age when it modified a retirement plan, ending a long-running putative class action brought after the natural gas company converted its pension plan to a cash balance system.

Don't leave retirement dollars on the table

Baltimore Sun – July 26, 2010
The average worker has at least seven jobs in a lifetime, so it's not that unusual that a pension or 401(k) has been left behind and forgotten while climbing the career ladder.

Retirement woes: Elderly may find a goose egg for their nest egg

New York Post – July 25, 2010
Even the seemingly well off may find they are struggling to make ends meet in the so-called golden years.

State Judges Can Rule on QDRO Cases

PlanSponsor – July 23, 2010
A federal appellate court has ruled that state courts can decide whether domestic relations orders (DRO) meet the requirements for being considered qualified domestic relations orders (QDRO) under federal benefits law.

401(k) Fees Gain a Bit of Clarity

New York Times – July 23, 2010
The next time you receive your 401(k) statement, do this experiment: don’t just look at your latest balance. Try to figure how much you’re paying in fees.

Labor officials release new rules on 401K fees

Associated Press via Yahoo! News – July 15, 2010
Workers with a 401(k) retirement account will soon know exactly how much they're paying in fees.

Department of Labor unveils 401(k) fee rules

Reuters – July 15, 2010
Advisers and brokers who manage 401(k) plans will have to provide detailed information about the fees they charge under new rules unveiled by the U.S. Department of Labor on Thursday, but the changes are not as onerous as the brokerage industry first feared.

Gen Y's Empty Piggy Bank

Bloomberg Businessweek – July 15, 2010
As fund managers try to woo younger workers, why are few paying attention? They're overwhelmed by big debts and high unemployment

Solving a Looming U.S. Retirement Crisis

Bloomberg Businessweek – July 15, 2010
The 401(k) has been a failure and should be replaced with new Guaranteed Return Accounts that could be made available to all workers

Delphi Retirees Rally Support From Congress

Business Journal Daily (Youngstown, OH) – July 14, 2010
Nearly 300 salaried retirees from Delphi Corp. turned out for a hearing addressing the termination of their pensions and benefits.

Report sounds alarm bell over Americans' retirement plan

Christian Science Monitor – July 13, 2010
Millions of Americans are nearing retirement age without enough savings to get by – but for many there's still time to get back on track.

Even the wealthy can't count on their retirement years being golden

Los Angeles Times – July 13, 2010
Running out of money in retirement isn’t just for the middle class anymore.

Workers Can Forget About a Recovery

Motley Fool – July 12, 2010
Less than two years after the worst crisis ever to hit the U.S. economy, corporate profits have rebounded sharply, leaving plenty of companies in great shape. Unfortunately, workers generally aren't sharing in that success, and many may soon find that when it comes to taking care of financial needs their employers used to handle for them, they're entirely on their own.

Some plans remain company-stock heavy

Pensions & Investments – July 12, 2010
Some of the biggest corporate names controlling some of the biggest 401(k) plans have some of the biggest percentages of employer stock in these plans, reaching levels that consultants and even the Pension Protection Act consider too high.

Labor Department focuses on retirement plan administrators

Investment News – July 11, 2010
Subpoenas issued as industry readies for fee disclosure rules

BP Stock Drop Erodes Retirement Accounts

TheStreet.com – July 9, 2010
BP's stock is tanking, and its employees' retirement savings are being dragged down with it, victims of a failure to learn from past corporate implosions.

401(k) Participants not as Knowledgeable as Employers Think

PlanAdviser – July 9, 2010
A new survey reveals that 401(k) participants don’t know as much about plan fees and investing as employers think they do.

Who’s Really to Blame For Too Much Company Stock in 401(k)s?

BNet/MoneyWatch – July 7, 2010
Blaming the folks running a 401(k) when company stock owned by plan participants implodes has become popular sport in litigation circles.

Good News for Retirement Plan Sponsors

CFO.com – July 7, 2010
New legislation looks likely to help both defined-contribution and defined-benefit plans.

Like others, Zions employees saw retirement savings shrivel

Salt Lake Tribune – July 6, 2010
Utahns who watched the value of their retirement kitties wither in the past three years may take comfort knowing employees of Zions Bancorp were in the same boat.

How will Baby Boomers' retirement affect stocks?

USA Today – July 6, 2010
Next year, the first of the 79 million Baby Boomers will hit 65 — retirement age.

The 10 most generous U.S. retirement plans

Reuters – July 2, 2010
How important is a company match in getting you to save for retirement? Very important, according to new research from BlackRock Inc. and Boston Research Group.

401(k) Participation, But Not Savings, Grows

U.S. News & World Report – July 2, 2010
The shift from traditional pensions to 401(k)s has resulted in more people saving on their own for retirement. But the percentage of pay most 50-somethings are saving has not significantly increased over the past 2 decades, according to a University of Michigan Retirement Research Center analysis of W-2 earnings records.

Companies Slow to Resume 401(k) Match

U.S. News & World Report – June 30, 2010
Many companies have reduced or suspended their 401(k) match since September 2008. Among the 18 percent of firms that slimmed their 401(k) match, slightly less than half (49 percent) have restored company contributions, according to a Towers Watson survey of 334 companies with 1,000 or more employees released today.

How to Find Hidden Retirement Money

U.S. News & World Report – June 29, 2010
Many job changers simply leave their pensions, 401(k) accounts, or other employer-sponsored retirement plans in the care of their former company. Sometimes former employees forget about these older retirement plans.

Obama signs pension funding relief bill

Business Insurance – June 25, 2010
President Barack Obama on Friday signed into law pension funding relief legislation.

DC Deferral Amount What Participants Can Afford

PlanSponsor – June 23, 2010
Half of employees participating in a recent survey say they decided on their defined contribution plan contribution because it was the most they could afford.

When it comes to 401(k) fees, more money = more problems

Employee Benefit News – June 22, 2010
When it comes to 401(k) fees, a new analysis gives credence to two known clichés: You can’t compare apples to oranges, and indeed, the rich are different.

Man loses unemployment benefits after dipping into 401k

9News (Denver, CO) – June 22, 2010
It's against the law in Colorado to take any money out of your 401k for one whole year if you're receiving unemployment benefits.

10 Things 401(k) Providers Won't Tell You

SmartMoney – June 21, 2010
1. "We’re making money on your 401(k) — even if you’re not."

Obama Wants to Steal Your 401(k), and Why You Should be Glad

BNet/Moneywatch – June 21, 2010
Friends, there’s a new socialist plot against your wealth: The 401(k) annuity. Unfortunately for the paranoid fringe, it’s actually a good idea.

When It Comes To Retirement, 67 Is The New 55

National Public Radio June 18, 2010
Looking forward to retirement? You may have to wait a bit longer. Financial pressures are pushing up retirement ages all over.

What happens if your pension plan closes?

Tribune Media Services via the Chicago Tribune – June 17, 2010
Failure could result in a diminished payout, and certain industries are more at risk

Lifetime Income is an Elusive Goal

U.S. News & World Report – June 17, 2010
The 2008 meltdown of many retirement investment accounts has triggered a long and extensive assessment of how to provide safer retirement investments that people can depend upon and understand.

Open up the 401(k) black box!

Fortune – June 16, 2010
How much do you pay for your 401(k)? You probably can't answer that, because providers of the employer-sponsored retirement plans aren't required to tell you in clear language what they're charging. And now it appears that lawmakers in the Senate don't want you to know, either. At least not yet.

Kohl Rejects Annuity Requirement for Retirement Plans

Bloomberg News – June 16, 2010
Senator Herb Kohl, a Wisconsin Democrat, said no one should be forced to buy an annuity as Congress began debate today on how to help Americans make their savings last through retirement.

Kohl Senate Panel Eyes Lifetime Income Options

PlanSponsor – June 16, 2010
U.S. Senator Herb Kohl, (D-Wisconsin) Chairman of the Special Committee on Aging, held a hearing Wednesday about lifetime income options in retirement plans.

SEC proposes new disclosures for target-date funds

Associated Press via Yahoo! Finance – June 16, 2010
Federal regulators on Wednesday proposed new disclosure rules for target-date retirement funds that would require sponsors to spell out how they are investing the money and to warn about risks.

Boeing To Eliminate Pension Plan For New Employees

Aviation Online – June 16, 2010
In a move that deserves applause from union members everywhere, the members of District 837 in St. Louis, MO, voted overwhelmingly to reject a contract offer from The Boeing Company that would compensate current employees in exchange for eliminating the defined benefit pension plan for new employees.

Senator promises UAW to keep pension plans intact

Detroit News – June 15, 2010
U.S. Sen. Tom Harkin promised delegates of the United Auto Workers convention today that he would help stop the erosion of pension plans.

Disclosure rules for 401(k) fees are on the way (slowly)

Associated Press via USA Today – June 15, 2010
Who would buy something without knowing exactly how much it costs? Millions of investors do when they sign up for a 401(k) plan. That's about to change.

Dow Companies Are Holdouts on Pension Plans

TheStreet.com – June 14, 2010
Companies are increasingly finding pension plans too expensive, too complicated and too risky when compared with 401(k) plans. Dow-member companies dominate the list of those that offer conventional pensions.

Revisiting Auto Enrollment

Human Resource Executive Online – June 14, 2010
The cost of adding more employees to defined-contribution plans has slowed the use of automatic-enrollment features, according to a recent study. HR leaders should focus more on accommodating employee behavioral and post-retirement risks into their organizational retirement-savings plans.

Debunking the myths of Social Security

Dallas Morning News – June 13, 2010
Social Security, the most important social program in America, is also the least understood.

Viability of pension lawsuit at stake

Knoxville News Sentinel – June 13, 2010
Attorneys for the county and a number of current and former government workers meet today to see whether a 2008 lawsuit will move forward and whether it becomes a class action suit that could include more than 6,000 people. At issue is just how long the county once held employee pension deductions before it deposited them into retirement accounts.

Boeing employees vote for possible strike over retirement plans

KWMU (St. Louis, MO) – June 13, 2010
Workers at Boeing's plants in Hazelwood and St. Charles could walk the picket lines as early as June 23rd after the union on Sunday voted overwhelmingly to reject the defense company's contract. A major sticking point in the four and a half year deal is language that would move new hires to a 401K plan.

A Nation of Helen Thomases

Wall Street Journal – June 11, 2010
The biggest, but most underreported, financial story in America is the looming retirement disaster.

Pitfalls of automated retirement plans

Bankrate.com – June 11, 2010
These days, workers don't have to do anything to start saving for retirement. Is retirement investing getting too easy?

Lawmakers Seek to Prevent Americans Outliving Savings

Bloomberg – June 11, 2010
Lawmakers concerned that Americans may outlive their savings are looking at ways to make the money last through retirement.

Senate Moves to Keep 401(k) Fees Hidden

BNet/Moneywatch – June 11, 2010
Participants in 401(k) plans pay billions of dollars in fees — but most of them don’t know it. And the U.S. Senate apparently would like to keep it that way.

Fee disclosure is coming to your 401(k)

MarketWatch.com – June 10, 2010
With or without help from lawmakers, momentum is growing for more clarity on fees

Social Security's defenders wary of deficit reduction commission

Washington Post – June 9, 2010
Now, some of the same activists who helped derail a 2005 GOP plan to restructure the program are threatening to rally the public against any proposal to cut benefits.

Most Employers with 401(k) Plans Have Yet to Adopt Auto Enrollment

Financial Planning – June 9, 2010
Although familiarity with automatic enrollment and automatic escalation is high among large employers with 401(k) plans, the majority of respondents to a new AARP survey have yet to adopt either feature.

Failure to Mention Benefit Option Explained in SPD no Fiduciary Breach

PlanSponsor – June 8, 2010
The U.S. District Court for the Western District of Wisconsin has found that an employer did not breach its fiduciary duties by failing to inform a former employee and his wife about all of their benefit options.

Social Security Makes Up 40% of Retirement Income

Financial Planning – June 8, 2010
At 40%, Social Security makes up the bulk of older people’s income, according to a new report from EBRI based on the latest U.S. Census Bureau data.

The Government’s Plan for Your Retirement Savings

TheMint.com – June 8, 2010
The federal government is looking into ways of convincing you to turn some of your 401(k) over to an insurance company. Don’t pick up your pitchfork just yet, though. Let me explain.

Why No One Saves for Retirement

SavingAdvice.com – June 7, 2010
Why does no one save for retirement? We all know it’s coming; it’s not a secret that retirement is out there.

Fund Managers Concerned Over 401(k) Rules

TheStreet.com – June 7, 2010
As the Senate prepares to debate the American Jobs and Closing Tax Loopholes Act (H.R. 4213) passed by the House on May 28, the investment-management industry is expressing concern over fee disclosures in 401(k) plans.

Big Business Encourages Employees to Fail at Retirement Planning

BNet/Moneywatch – June 7, 2010
When it comes to helping solve the retirement savings crisis, an alarming percentage of American businesses are saying: Not My Job.

Obama's 401(k) rule up in the air after House measure

Investment News – June 6, 2010
A retirement plan provision passed last month could delay the Labor Department's own fee disclosure revisions

Many clergy ill-prepared for retirement

Associated Press via Yahoo! News – June 3, 2010
Clergy seem an unlikely group to be facing a retirement security crisis.

Employer not Obligated to Make Discretionary 401(k) Match

PlanAdviser – June 3, 2010
A federal judge in Washington, D.C., has thrown out a lawsuit by a 401(k) participant alleging, among other things, that his former employer failed to make a matching contribution.

Knowing auto features in DC plans doesn't mean they're used, AARP survey shows

Pensions & Investments – June 3, 2010
Ninety-four percent of large employers with defined contribution plans are familiar with 401(k) automatic enrollment and 78% are familiar with automatic escalation, but only 42% use auto enrollment and 28% use auto escalation, according to an AARP survey.

Delphi retirees work to restore pension benefits

Detroit News – June 2, 2010
Court filing argues decision to terminate plans 'not justified'

The senator who wants to save your retirement

Fortune – June 2, 2010
The fight over financial reform has made legislators such as Barney Frank and Chris Dodd fixtures in the headlines. Herb Kohl's name doesn't command that sort of attention, but it should: The Democratic senator from Wisconsin has embarked on reforms that could have a profound impact on the lives of millions of Americans. As chairman of the Senate's Special Committee on Aging, Kohl has become Congress's go-to leader on retirement issues.

House benefits bill passes without COBRA

Employee Benefit Adviser – June 1, 2010
The House of Representatives on Friday approved legislation that would require 401(k) fee disclosures, provide relief for pension funds and extend unemployment benefits.