Delphi retirees gaining ground in fight to restore pensions
Many of the nation’s 20,000 Delphi salaried retirees believe they are gaining ground in their three-year fight to have their full pensions restored.
PRC participates in a Senate HELP Committee roundtable discussion on the future of pensions (September 20, 2012)
On September 20, the Senate Committee on Health, Education, Labor, and Pensions held a roundtable discussion on “Pension Modernization for a 21st Century Workforce.” Eight panelists, including the Pension Rights Center’s Karen Friedman, were invited to discuss three questions about the future of pensions and to submit written responses to the questions. Karen’s written responses […]
The Road to Retirement
Even before the Great Recession, Americans were not saving enough, if anything, for retirement, and policy experts were warning of a looming catastrophe. The economic downturn and its consequences — including losses in jobs, income, investments and home equity — have made that bad situation much worse.
Retirement Security for All: A Forum for State Action
Event description: On September 14, 2012, the Pension Rights Center, the Schwartz Center for Economic Policy Analysis (SCEPA) at the New School, and Dēmos hosted a forum in New York City on expanding pension plan coverage at the state level. The forum brought together state officials with experts from a variety of organizations to discuss proposals for state-administered retirement […]
Should the 401(k) Be Reformed or Replaced?
John Greene worked for 30 years at an Oscar Mayer plant in Madison, Wis., deboning hams and loading boxes of hot dogs. His plan grew to $60,000, and soon after retiring he began withdrawing $3,600 a year from it, money that allowed him and his wife to take what he called a wondrous two-week trip […]
Spouse’s Consent Is Required to Change Retirement Account Beneficiary
Why does a married person who has certain kinds of accounts have to get his or her spouse’s permission to change the beneficiary of those accounts?
The Tightwire Act of Living Only on Social Security
Living on an inflexible budget, one that teeters on the brink of poverty, is not what most people equate with retirement. But that is pretty much what anyone who lives solely on Social Security can expect.
For Top Executives, Richer Retirement Plans
With traditional pensions disappearing, tax rates and the future of Social Security in flux and even well-known businesses facing financial trouble, many workers are worried that their company retirement plans will not provide enough income. But for the upper tier of executives, these trends could actually lead to richer corporate perks as management moves to […]
Pension tension in store
Two companies controlled by the daughters of the late millionaire owner of Spag’s Supply Inc. have filed for bankruptcy with $6.1 million-plus in unfunded pension liabilities for 400 former employees of the defunct no-frills discount store.
Protecting our benefits
Are your health and retirement benefits protected? If you’re one of the lucky ones who still has a job with benefits, you should be very grateful.
DNC platform short on details for private-sector retirement plans
Private-sector retirement plans got a passing mention Tuesday at the Democratic National Convention, where the party platform focused on Social Security.
Weak jobs rate in Michigan may be ‘the new normal’
Labor Day means more than a chance to relax and eat hot dogs. It’s also a time to reflect on the challenges facing the American worker. (NOTE: this article also appeared in USA Today.)
