PRC In the News
Fewer Employers Match Defined Contribution Plan Deposits: SHRM Analysis
The percentage of employers that match employees’ contributions to defined contribution plans has declined since 2008, according to data released this week at the Society for Human Resource Management’s 2012 Conference and Exhibition in Atlanta.
Feds offer AMR relief on pilots’ pension standoff
A proposed federal regulation would help American Airlines freeze the pension plan for its pilots instead of terminating the plan.
Five things to consider before cutting pension benefits
The message from voters about public pension plans is clear: They’re ready to cut the retirement benefits of police, firefighters, teachers and other state and municipal workers.
GM pensions: Not all retirees, officials see offer as a ‘win-win’
General Motors Co.’s pension buyout offer to white-collar retirees isn’t necessarily the “win-win” situation executives made it out to be, according to some retirees and officials.
3% deferral rate for 401(k)s not nearly enough: Mary Beth Franklin
Says employers need to at least triple standard salary set-aside for workers
GM Seen Fueling Pension Deals as Employers Face Shortfall
General Motors Co. (GM)’s deal to cut pension obligations by $26 billion and shift plans to Prudential Financial Inc. (PRU) is poised to fuel more transfers as U.S. firms face a retirement-funding shortfall the size of Greece’s debt.
GM pension changes leave retirees’ money unprotected, group says
The General Motors Retirees Association is protesting GM’s plan to buy out pensions of up to 42,000 U.S. salaried retirees and move other retirees to an annuity program controlled by Prudential Insurance Co. of America.
Lump-sum pension offer a tough call for General Motors, Ford retirees
Chuck White, 68, regularly tells friends who are Ford salaried retirees that they shouldn’t get an ulcer worrying about whether to take a new lump-sum pension offer.
America’s Looming Pension Shock
At a recent Governing Leadership Forum in Lansing, Michigan Budget Director John Nixon told a packed room about Gov. Rick Snyder’s plans to overhaul his state’s public-pension system. Michigan’s governor is, of course, far from alone in trying to deal with the public sector’s pension crisis.
How Divorcing Women Should Handle Retirement Accounts and Pension Plans
When you’re a woman who’s 50+ and divorcing, there’s no question that retirement accounts, pension plans and social security will factor significantly into your divorce settlement agreement –but even if you’re not nearing retirement age, the same is likely true.
Are GM-like pension offers a good deal?
Over the next few weeks some 42,000 white-collar General Motors retirees will take a crash course in actuarial math.
The Curtain Opens on 401(k) Fees
IF recent stock market gyrations have taken a bite out of your 401(k), get ready for more discomfort. You’re about to learn how much you’re paying just to maintain that account.
