Author: dcadmin
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.
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.
Golden Years?
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.
Bad news for boomers relying on 401(k) plans
The 401(k) generation is retiring with savings plans that are falling way too short.
Making the Most Out of Less
This year, the first of the nation’s 79 million baby boomers turn 65, and while millions dream of comfortable retirements, perhaps in Boca Raton, Fla., or Palm Springs, Calif., many will discover they will have a tough time in retirement.
9 Signs Your 401(k) Stinks
It looks like droves of public employees may soon be joining the ranks of 401(k) nation. A growing trend in cash-strapped state and local governments is to push for new retirement benefits that shift workers out of traditional pensions and into the less secure world of the 401(k).
Testimony of Norman Stein before the Department of Labor on proposed regulations defining fiduciary (March 1, 2011)
Senior Policy Counsel Norman Stein testified before the Department of Labor on proposed regulations that would expand the definition of the term “fiduciary”. See the comments submitted by the Pension Rights Center on this proposed regulation. Read the blog entry PRC’s Jane Smith wrote on the subject.
DOL to Issue Final Rule on Fiduciary by Year-End: Borzi
Phyllis Borzi, assistant secretary for the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) said Tuesday that the EBSA plans to “refine” the text of its proposed regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) and issue a final rule by year-end.
DOL, industry spar over fund lineups
The Labor Department and representatives from service providers and pension advocacy groups today sparred over whether presenting a retirement plan with a fund lineup constitutes investment advice.
