Benefit Groups Tailor Policy Agendas To Congressional Lame-Duck Session
Retirement benefits are front and center on the policy agendas of employee benefit groups as Congress and President Obama negotiate a deal to solve the nation’s fiscal crisis during the final weeks of 2012. [PDF]
Will 401(k) plans keep getting worse?
IBM, one of America’s largest companies, shook the employee compensation world when it announced recently that it would contribute only once every December to its employees’ 401(k) accounts. Any employee who leaves before December would not be able to collect the company’s match.
Benefits Leader Reins In 401(k)s
International Business Machines Corp., a bellwether for employee benefits, is overhauling its retirement program to contribute once a year to employee 401(k) accounts in a lump-sum payment.
IBM remakes its match
If your company matches your retirement savings, that payment probably shows up on your pay stub every other week or so. This week IBM notified employees it’s changing its 401(k) match. The company will make one lump-sum payment per year. What’s the difference? Potentially, a lot of money.
401(k) tax breaks in lawmakers’ gunsights
Tax reform could change some retirement savers’ plans
Retirement savings tax breaks face scrutiny
For many Americans, it’s the first order of business when they visit the HR department at a new job: enrolling in the 401(k) plan.
Who gains most from 401(k) tax breaks?
In the discussion over retirement security, retirement plans like 401(k)s are often talked about as if they benefit all Americans equally. But with these tax-deferred accounts coming under scrutiny amid the fiscal-cliff budget debate, it’s worth remembering: They’re a perk that’s far more valuable to the upper-middle-income, corporate golf-outing set than to store clerks or […]
Retirement Benefits Headed for the Cliff?
Tax benefits for employee retirement plans could end up on the chopping block as Congress and the White House seek ways to raise federal revenue, experts fear.
What To Do If Your Pension Is Frozen Or You’re Offered A Lump Sum
Do you now or have you ever participated in a “defined benefit” pension plan–the kind where a private sector employer promises a set monthly check based on your salary, years of service and retirement age? Are you now retired and receiving a monthly pension check?
No need for new DC plan
Sen. Tom Harkin, R-Iowa, proposes to improve pension coverage and retirement security by building a chair. That is, he would add a fourth leg to the shaky proverbial three-legged stool that defines the current retirement system to shore it up.
Best Buy’s 401(k) Meltdown
As hard as times are for investors in Best Buy’s shares, far grimmer is the plight of the 110,000 employees participating in the company’s approximately $1 billion 401(k) plan.
How do you find a lost pension?
How do I find a pension if my old employer has merged several times and I can’t locate it?
