Retirees Wrestle With Pension Buyout From General Motors
For weeks, John and Kathy Matthews have agonized over the choice: accept $818,000 in a lump sum from General Motors to buy out Mr. Matthews’s pension or keep collecting a check of $4,854 a month.
Retirement savings raided by 35% of laid-off workers
The number of displaced workers has risen dramatically since the start of the Great Recession, and this year a third of them had to raid retirement savings to make ends meet.
Pension or buyout? GM retirees make the tough call
Is it better for existing retirees to convert their pension to an annuity or to take a lump sum payout?
Americans borrow heavily from 401(k)s but loan defaults are up
The default rate on 401(k) loans hit 17.4% in the 12 months through May, compared with 9.7% in mid-2008, before the financial crisis.
Study identifies major flaw with 401(k) plans
If you haven’t realized it by now, you’re on your own when it comes to figuring out how you’ll be able to afford to retire on the retirement savings in your 401(k) plan.
Decision time nears for GM, Ford retirees on lump sum offer
Put a pile of money on the table before thousands of retirees from two major carmakers. Will they grab it? Or do they skip it and stick with their regular monthly check?
For 401(k)s, Size Matters
Higher fees? Less scrutiny from the boss? Experts say workers at smaller firms should pay extra attention to their retirement plans.
The next opponent for Wall Street banks? Their own employees
Drop in stock prices could trigger worker suits over 401(k) plans; diversification the issue
Idea floated for state-run retirement system for private-sector workers
An effort to give private-sector workers the ability to ditch their 401(k)’s and instead participate in a state-run retirement system that would offer a more reliable pension payout could be on the horizon in Wisconsin.
New law gives US companies a break on pensions
A new law will let companies contribute billions of dollars less to their workers’ pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.
Pension legislation winner: Uncle Sam
As executives at corporate defined benefit plans figure out whether they gained more than they lost in pension legislation approved by Congress June 29, one clear winner emerges: Uncle Sam.
Great news for the land of Lincoln!
The Pension Rights Center is delighted to welcome the Illinois Pension Assistance Project (IPAP) as the latest addition to the Pension Counseling and Information Program. Now residents of Illinois who have a question about their traditional pension, 401(k) plan, or other employer-sponsored retirement plan can turn to IPAP for free personalized legal assistance to resolve […]
