Month: March 2011
5 ways to revive pensions in the private sector
Can anything be done to bring back the Great American Pension in Corporate America, where it’s an endangered species?
Sen. Harkin: New retirement scheme hinges on advisers
A congressional leader sees a key role for investment advisers in his vision for reform of the retirement system.
Retirement Security: A Thing of the Past?
While pensions seem less affordable than ever, they remain the overwhelming retirement choice of consumers. According to new research, the Great Recession exposed such fundamental flaws in America’s retirement support system that consumers overwhelmingly think the current system is broken beyond repair.
Joint letter to Oklahoma State Senate protesting legislation on military pensions (03/07/2011)
The Pension Rights Center and six other organizations sent a letter to the Oklahoma State Senate protesting a bill that would significantly cut spousal protections for former military spouses. The bill would have eliminated retirement benefits for former military spouses who remarry or cohabitate. While the bill passed the Oklahoma State Senate, it failed to secure […]
An Overblown ‘Crisis’ For State Pension Funds
In early 2010, Goldman Sachs announced two blockbuster numbers: profits of $13.4 billion for the prior year and compensation of $16.2 billion — the equivalent of about $500,000 for each employee at the Wall Street titan.
Let the 401(k) investor beware
A new report from the Government Accountability Office warns employees to watch out for biased investment guidance from the financial companies paid to set up and run their 401(k) plans.
Not your father’s retirement
My father never dreamed he’d live to be this old. His parents died in their seventies. But here he is, 98 years old and still playing golf.
Why employee pensions aren’t bankrupting states
From state legislatures to Congress to tea party rallies, a vocal backlash is rising against what are perceived as too-generous retirement benefits for state and local government workers. However, that widespread perception doesn’t match reality.
The problem isn’t that public-sector workers have too much retirement security. It’s that everyone else has too little.
What to do if your pension freezes over
Things have changed since Grandpa retired with his gold watch. The old-fashioned pension plan he was awarded for years of loyalty to his employer is going the way of the IBM Selectric typewriter.
Pensions or 401(k)s: Which is better?
Are you one of the few that still have a pension? Lucky you! More and more companies are ending pensions are opting for 401(k)-style plans and that isn’t the greatest news for many.