PRC In the News
401(k) savings proposal gets cold shoulder from panel
A proposal to replace the current tax deductions for 401(k) plans and IRAs with a flat tax credit got a chilly reception before the Senate Finance Committee on Thursday as panel members and pension experts defended the plans and the incentives for employers to provide them.
Senate Panel Hears Sharp Disagreement on Improving Retirement Savings
Proposals ranged from substantial changes in the current system to adjustments that would not alter it drastically
Baucus Urges Minimizing Costs in Retirement Savings Proposals
Proposals seeking to increase workers’ retirement savings by making adjustments to the U.S. tax code should weigh the costs of such shifts, Senate Finance Committee Chairman Max Baucus said in a hearing held by the panel in Washington.
401(k) Plan Revamp Eyed By Senate Finance Committee
With less than one-half of workers having access to a retirement plan and even fewer saving enough for their old age, Congress is looking at ways to help get more Americans on track to a secure retirement.
Take it public: group offers novel retirement route
A flood of U.S. retirement is threatening to burst its dam and drown aging Americans with rising living costs, but one group is proposing a novel way to protect private-sector workers: invest in public pension plans.
“Retirement Heist” book asks: Who stole America’s pensions?
Can we afford retirement in this country? Not if you believe politicians who claim entitlement spending is out of control and that the economy is being dragged down by our aging population. I don’t buy it.
10 Things Pension Plans Won’t Tell You
Yes, they still exist. And some of them toy with taxpayer money.
401(k) break at risk as policymakers mull retirement shift
U.S. retirement programs could look different if a grand deficit-cutting bargain is struck in upcoming negotiations.
Retirement Plans Morphing as Defined Benefits Fade for New Workers
As of May, 30 percent of Fortune 100 companies offered a defined benefit plan to new salaried employees, down from 37 percent at the end of 2010 and 83 percent as recently as 2002. How are employees reacting to this change in their total compensation?
Public plans tout 20%-plus returns for fiscal 2011
The 20%-plus investment returns for fiscal 2011 keep rolling in for public pension plans.
Pensions: Take a Lump Sum or Not?
New rules will mean smaller pension payouts next year. Get it right the first time. There are no do-overs.
Few Baby Boomers Financially Prepared For Retirement
They may long to give up their daily commutes and have wide-open schedules, but far too many baby boomers are largely unprepared to leave their jobs, according to a new report by the Insured Retirement Institute.
