PRC In the News
N.J. workers at religious institutions fear change threatens pensions
Tens of thousands of current and former employees at scores of religiously affiliated institutions across the country face the same fear, as nonprofits increasingly seek refuge in “church” pension plans to escape onerous financial obligations, according to Eric Loi, an attorney at the Washington D.C.-based Pension Rights Center.
Required Reading: How 401(k)s Make Many Americans Poorer
One of the most widely dispensed, and universally accepted, pieces of financial advice is that you should contribute at least enough to your 401(k) to get the full match from your company. If you don’t, so the wisdom goes, you will be giving up free money. Well, it turns out that money isn’t exactly “free.” […]
Some church-linked pension funds drop ERISA coverage
Legal exemptions that allow church-affiliated organizations to sidestep ERISA protections for their defined benefit pension plans increasingly are being used for less-than-holy purposes…[NOTE: A slightly different version of this article appears in Business Insurance.]
Persistence pays off in finding a lost pension
With his 65th birthday approaching, Richard Zimmerer started making phone calls about a pension from a job he held until his mid-40s.
Retirement pros have questions for candidates
I asked top retirement and aging policy experts this question: “If you could pose one question in a presidential debate to the Republican and Democratic nominees, what would it be?”
Tax Reform Will Shape Pension Agenda; Significant Regulations Expected in 2012
Congress will pass no major retirement plan legislation in 2012, but the tax treatment of employment-based retirement benefits almost certainly will be part of any tax code overhaul in 2013—for which ideas and positions will become cemented in 2012— according to practitioners interviewed by BNA.
The Anxious Generation
Stressed-out Americans over 50 wonder if they’re ever going to be able to retire. They worry that the Great Recession will have a lasting impact on their security.
Retirement Roulette
Saving for retirement used to be as simple as showing up for work. Now it’s rife with contingencies—and success is all on you.
Finding Your Lost Money
You may not know it, but millions of Americans are owed money from long-forgotten government payments, stock sales, bank accounts and other lost accounts.
AMR Bankruptcy Upends (Family) Financial Planning
The recent bankruptcy filing by American Airlines’ parent, AMR Corp., cast clouds over the best-laid financial plans of many of the carrier’s employees. Among the issues up in the air: pensions, benefits and job security.
NY State Pension Trustee Calls 401(k) Plans ‘Woefully Inadequate,’ Defends DB
Defined contribution plans should not replace defined benefit plans, asserts Thomas DiNapoli, the New York state comptroller and sole trustee of the $133.8 billion New York State Common Retirement Fund.
5 Best Practices for Managing a Hospital Pension Plan
For hospitals that still offer pension plans, CFOs have a lot of pressure to manage them. They represent the culmination of an employee’s dedicated work to the organization and a much sought-after retirement.
