Pension Tension: Bankruptcy and Pensions
The recent bankruptcies of Chrysler and General Motors have caused a lot of workers to be concerned about their pensions. While Chrysler has now emerged from bankruptcy GM is still going through the bankruptcy process and the question. “What will happen to my pension?” is very much on the minds of workers and retirees in […]
Does it have to be all or nothing?
For the past several months, the PRC has been maintaining a list of companies that have reduced or stopped matches to their 401(k) plans. When the economy takes a turn for the worse as it has in the past year, companies view cutting 401(k) matches as an easy way to reduce costs. Recently, Business Management […]