PRC In the News
‘New Normal’ for Retirement: Get a Job
Middle-class Americans need more help than they realize in planning for retirement, according to the results of a survey from Wells Fargo & Co.
Wealthy women fear they’ll outlive retirement money
Wealthy women expect to be more active than their male counterparts in their retirement years, but they’re also more worried about outliving their retirement funds, according to a Bank of America Merrill Lynch study released Monday.
9 Retirement Benefit Changes Coming in 2011
Many employers are planning to tweak their retirement benefits this year. Nearly 70 percent of firms plan to review their 401(k) and pension programs and potentially make changes in 2011, according to an Aon Hewitt survey of 210 companies employing 6.2 million workers.
Archdiocese of Milwaukee pension plans underfunded
The Archdiocese of Milwaukee said Friday that its employees’ pension plans are underfunded, confirming one of the fears expressed by Catholic Church employees since the archdiocese filed for Chapter 11 bankruptcy protection on Jan. 4.
More At Risk of Missing Retirement Goals
A greater number of U.S. households are at risk of falling short of money in retirement because of the housing and financial crisis, according to a report.
How to Find Thousands in Lost Pension Money
My wife and I were hiking with some friends recently, and as often happens now with people our age, we started talking about retirement — more specifically, about whether we’d have enough retirement income to make ends meet.
GE closes DB plan for salaried employees
General Electric has closed its pension plan to new employees hired after December 31, 2010. Employees hired before December 31, 2010 will not be affected by the change.
401(k) plans regaining steam
It’s not just jobs that have been slow to come back during the economy’s spastic recovery from the Great Recession. About half of the U.S. companies that suspended contributions to their employees’ retirement savings after 2008 haven’t restored them yet.
Lay employees file suit against Diocese to protect pensions [text and audio]
The Catholic Diocese of Wilmington faces yet another legal challenge in their bankruptcy case.
Why Lump Sum Pension Payments Are a Bad Deal for Most Retirees
Traditional pensions are an endangered species in the private sector. But if you’re lucky enough to have one, you may face a choice at retirement: Take the money as a lump sum, or as a monthly lifetime annuity-style payment?
Give all Americans a secure retirement
Thanks to the big expansion of Social Security in the 1970s and the growth of employer pension plans, many Americans have retired, grown old and still managed to remain part of the middle class. But the system is eroding because of the change in the way pensions are delivered.
OPM pension errors force thousands to pay up
Due to its own errors, the Office of Personnel Management for nearly five years undercharged thousands of federal employees for pension contributions. Now, OPM is demanding they immediately pay — in some cases thousands of dollars — to correct their pension accounts.
