4 crusaders fighting for seniors’ financial rights
These Money heroes are fighting for the financial security and success of seniors.
Defined-Contribution-Plan Sponsors Shore Up Their Matching Contributions
In the wake of the 2008 economic crisis, many companies with defined contribution pension plans stopped matching employee savings.
States Up the Pressure on Retirement Plans for Private Workers
California’s new state-administered retirement savings program for certain private-sector workers could serve as a model for other states.
Applied to Pensions, Risk Is a Four-Letter Word
While transferring pension-plan peril is appealing, there are some precautions companies should be aware of.
Retirement plan shift is creating a generation of workers unable to retire
Large U.S. employers continue to eliminate traditional pension plans that pay retired workers a monthly lifetime pension in favor of defined contribution and hybrid plans that offer lump-sum payments at retirement, according to a recent survey HR consulting firm Towers Watson.
It’s Time to Take the Risk Out of Retirement
Amidst the deluge of polls, electoral counts, and predictions for yesterday’s election, a different number was released that shows the grim state of Americans’ retirement security. According to a new report from the Center for Retirement Research, the National Retirement Risk Index jumped to 53 percent in 2010, meaning that more than half of U.S. […]
Young workers’ retirement hopes grow bleaker amid economic downturn
The economic downturn is pressing more employers to reduce pension benefits and significantly delaying when people launch their careers, darkening the already bleak picture that young workers face in saving for retirement.
Questions Answered About Pension Plans
Readers recently submitted questions about pension plans to Mary Williams Walsh, a business reporter for The New York Times who has written about how companies manage their pension plans; what happens when companies go bankrupt; public workers’ pensions and how they may affect state and local finances; and Chapter 9 municipal bankruptcy.
De-Risking Focuses on Business Issues; Retirement Security a Concern, Critics Say
After Ford Motor Co. and General Motors Co. announced earlier this year that they would offer some retired and former employees a one-time opportunity to take lump-sum distributions, pension rights advocates were surprised at how quickly other large employers appeared to follow suit.
Verizon annuity deal adds to pressure on long bonds
Others may face shortage of quality securities
Heard Off the Street: ‘De-risking’ trend grows
About 41,000 former Verizon Communications employees are the latest group of retirees who will be getting their pension checks from an insurance company instead of their former employer.
Analysis: U.S. companies take aim at pension risk with lump-sum offers
But by far the most common trend in corporate America is to offer lump-sum payouts to thousands of retirees now – these voluntary buyouts could cost companies millions of dollars upfront, but they eliminate the risk of obligations soaring out of control in the future.
