Author: dcadmin
New IRS Procedures for Church Plan Rulings
On September 26, 2011, the Internal Revenue Service (IRS) issued Rev. Proc. 2011-44, the principal purpose of which is to add a requirement that when a church plan sponsor applies for a private letter ruling on whether the plan is a church plan under Internal Revenue Code (IRC) §414(e), the applicant must notify participants and […]
Remarks by Karen Ferguson at “Retirement Heist: Overlooked Causes of the Retirement Crisis” (November 7, 2011)
We at the Pension Rights Center are absolutely delighted to be co-sponsoring this event. We are pleased to be able to discuss Ellen’s book and the extraordinary impact of her reporting over the years. It has had an amazing effect on the lives of so many employees and retirees. We are also delighted to once […]
Thanks but No Thanks on 401(k) Advice
An increasing number of plans offer outside help, typically for a fee. So far, most participants aren’t buying in.
Employers Restore 401(k) Matches
The majority of companies that suspended their 401(k) match during the recession have since restored them, according to a new Towers Watson report.
Retirement crisis closes in on baby boomers
Like many middle-class American baby boomers, Linda Carmona-Sanchez is anxious about slipping into poverty and says whatever dreams she once had about retirement in her “golden years” have turned into nightmares.
5 ways to improve the U.S. retirement system
U.S. has 10th best pension system of 14 countries studied.
Milwaukee Archdiocese says pension recipients being paid on time
All employee benefits have been paid on a timely basis and pension plans will continue to pay all benefits in the immediate future, the Archdiocese of Milwaukee assured pension recipients and contributors in a “media clarification” issued Oct. 26.
Pension Red Alert: 70% Of Pensions Are Never Audited
Chances are that your pension or 401k plan has never been audited. No one’s checking annually to see if the money’s really there. Worried yet? It should freak you out, in my opinion. According to regulators, seventy percent of the nation’s pensions have never been audited.
U.S. Ranks Poorly in Global Pension Study
A report released earlier this month that rates and compares the world’s most prominent pension systems offers a grim overall conclusion: most pension systems are facing unprecedented challenges as government debts balloon and populations grow disproportionately older, with some of the most advanced retirement systems showing the worst signs of strain.
Account Balances, Not Participation, Called Best Measure of Retirement Plan Success
Auto-enrollment is beneficial, but not the only answer to improved outcomes, Diversified says.
How You Can Protect Your Pension Benefits
Reports of the death of the traditional pension, as with concerns about Social Security, have been greatly exaggerated, to borrow Mark Twain’s famous phrase.
Workers Come Out Winners Even After 401(k) Lawsuits Are Losers
Few workers are happy with the performance of their 401(k) plans in recent years but how much blame should be placed with employers?
