Feds offer AMR relief on pilots’ pension standoff
A proposed federal regulation would help American Airlines freeze the pension plan for its pilots instead of terminating the plan.
Five things to consider before cutting pension benefits
The message from voters about public pension plans is clear: They’re ready to cut the retirement benefits of police, firefighters, teachers and other state and municipal workers.
GM pensions: Not all retirees, officials see offer as a ‘win-win’
General Motors Co.’s pension buyout offer to white-collar retirees isn’t necessarily the “win-win” situation executives made it out to be, according to some retirees and officials.
3% deferral rate for 401(k)s not nearly enough: Mary Beth Franklin
Says employers need to at least triple standard salary set-aside for workers
GM Seen Fueling Pension Deals as Employers Face Shortfall
General Motors Co. (GM)’s deal to cut pension obligations by $26 billion and shift plans to Prudential Financial Inc. (PRU) is poised to fuel more transfers as U.S. firms face a retirement-funding shortfall the size of Greece’s debt.
GM pension changes leave retirees’ money unprotected, group says
The General Motors Retirees Association is protesting GM’s plan to buy out pensions of up to 42,000 U.S. salaried retirees and move other retirees to an annuity program controlled by Prudential Insurance Co. of America.
Lump-sum pension offer a tough call for General Motors, Ford retirees
Chuck White, 68, regularly tells friends who are Ford salaried retirees that they shouldn’t get an ulcer worrying about whether to take a new lump-sum pension offer.
America’s Looming Pension Shock
At a recent Governing Leadership Forum in Lansing, Michigan Budget Director John Nixon told a packed room about Gov. Rick Snyder’s plans to overhaul his state’s public-pension system. Michigan’s governor is, of course, far from alone in trying to deal with the public sector’s pension crisis.
How Divorcing Women Should Handle Retirement Accounts and Pension Plans
When you’re a woman who’s 50+ and divorcing, there’s no question that retirement accounts, pension plans and social security will factor significantly into your divorce settlement agreement –but even if you’re not nearing retirement age, the same is likely true.
PRC Letter to the Editor on electronic disclosure (06/06/2012)
On June 3, the New York Times published a column about the Labor Department’s new regulations that require 401(k) providers to disclose how much they charge in fees. Below is a letter that the Center sent to the New York Times in response to the article: To the Editor, In addition to telling people how […]
GM’s pension move is a lemon
Last week, General Motors announced that it will offer 42,000 of its salaried retirees the opportunity to take their lifetime monthly pension benefits as a one-time lump-sum payment. Retirees who don’t take the lump-sum offer will receive an annuity equivalent to their pensions from Prudential. While a lump sum might look like a lot of […]
Are GM-like pension offers a good deal?
Over the next few weeks some 42,000 white-collar General Motors retirees will take a crash course in actuarial math.
