PRC In the News
Verizon-Pru deal the latest move to reduce pension liability
Some 41,000 retired managers of Verizon Communications Inc. soon will be receiving their monthly pension benefit via an annuity payment from Prudential Financial Inc.
Companies that are offering lump-sum pension buyouts
One of the most recent developments in the defined benefit pension plan field is the move of employers to offer certain plan participants, especially former employees not yet receiving benefits, the opportunity to convert their future monthly annuity into a cash lump-sum payment.
Retirees take some lumps from lump-sum offers
Former employees tempted by pension buyouts, but most better off with income stream
Companies with lump-sum pension offers
A slideshow of companies that are offering lump-sum pension buyouts
Companies pitch lump sums to dig out of pension holes
Former longtime employees of two big Atlanta companies recently got an intriguing offer – a check for tens or even hundreds of thousands of dollars.
Decline in pension plans leaves many Ohioans unprepared
Fewer Ohio businesses are offering defined-benefit pension plans, as employers attempt to reduce future funding obligations and shift retirement liabilities to workers.
Pension Rights Advocates Urge Caution In Altering Rules on Deferred Vested Benefits
Pension rights advocates are concerned that a proposed Treasury Department and Internal Revenue Service regulation would delegate authority to the IRS commissioner to create special rules for satisfying notice requirements related to deferred vested benefits. [PDF]
Women face host of obstacles to retirement
When Jeanne Majors, 63, took an early retirement in December 2005, she assumed that she would pick up a part-time job and be in good financial shape. She didn’t know that her future would quickly fall apart.
Will pension plans stage a comeback?
A looming retirement crisis prompts a rethink about DB and DC models
Speakers See Need to Simplify Pensions But Spar Over Changing Retirement System
Pension plans need to be simplified, agreed representatives of the pension plan community at a Sept. 20 roundtable discussion before the Senate Health, Education, Labor and Pensions (HELP) Committee. [PDF]
Delphi retirees gaining ground in fight to restore pensions
Many of the nation’s 20,000 Delphi salaried retirees believe they are gaining ground in their three-year fight to have their full pensions restored.
The Road to Retirement
Even before the Great Recession, Americans were not saving enough, if anything, for retirement, and policy experts were warning of a looming catastrophe. The economic downturn and its consequences — including losses in jobs, income, investments and home equity — have made that bad situation much worse.
