Nearly Half of Large Employers Shifting Retirement Saving Burden to Workers
Boomers and younger workers don’t have much to celebrate in a new report on retirement plan trends among big employers. It shows that 80 percent of companies with more than 1,000 employees offer a defined benefit pension plan, but within five years, that will change. And not for the better.
Unhappy Fort Worth workers should compare their pensions with corporate America’s
And some companies are exploring other ways of shedding their pension obligations. They call it “de-risking.” Read more here: http://www.star-telegram.com/2012/10/25/4364659/unhappy-fort-worth-workers-should.html#storylink=cpyhttp://www.star-telegram.com/2012/10/25/4364659/unhappy-fort-worth-workers-should.html
Employees Throwing Away Free Money?
PRC Legal Director Rebecca Davis is interviewed on CNBC’s “Closing Bell” about the barriers some people may experience when relying on 401(k) plans to save for retirement.
AT&T Proposes Massive Dump of Company Stock Into Pension
Brace yourselves, AT&T pensioners. If AT&T has its way, your pension fund will soon be exposed to, in my opinion, imprudent, avoidable investment risks that ERISA, the federal law governing retirement plan assets, was designed to protect against.
Pension Rights Center to Ask Congress For a Moratorium on Pension Cash-Outs
The Pension Rights Center will ask Congress to place a moratorium on large employers offering to cash out the pension benefits of current and former employees and retirees, the pension rights group said in an Oct. 18 news release. [PDF]
Pension Rights Center asks for moratorium on lump sum and annuity derisking
The Pension Rights Center wants Congress to impose a moratorium on derisking moves by corporate defined benefit plans, including lump-sum buyouts and annuity contracts, while the impact on retirees is studied.
Pension advocacy group calls for temporary halt to lump sum buyouts
Spinning off pension liabilities may help investors, but hurt retirees.
Pension Rights Center wants Congress to put moratorium on pension plan de-risking
A consumer group says it plans to ask Congress to impose a moratorium on pension plan de-risking approaches to give lawmakers time to examine the implications of de-risking on plan participants.
Pension Rights Center Questions Pension Buy-Outs
Congress should impose moratorium until policymakers consider risks to plan participants, center says.
“De-Risking” Pensions Could be Risky to Pensioners
WASHINGTON — In the wake of moves by several large companies to “de-risk” their traditional pension plans, the Pension Rights Center is calling for a moratorium on such actions until Congress can look into the risks posed by these strategies to workers and retirees. Just yesterday, Verizon joined GM in announcing that it is transferring […]
Verizon-Pru deal the latest move to reduce pension liability
Some 41,000 retired managers of Verizon Communications Inc. soon will be receiving their monthly pension benefit via an annuity payment from Prudential Financial Inc.
Retirees take some lumps from lump-sum offers
Former employees tempted by pension buyouts, but most better off with income stream
