State-run pension plans growing for private sector
Many states are considering implementing a new type of pension plan for private-sector workers that uses the efficiencies of the state run public retirement systems to administer them, according to the Pension Rights Center.
Highway bill includes good news and bad news — for pensions?
Today, Congress passed H.R. 4348, Moving Ahead for Progress in the 21st Century Act, which, among other things, re-authorized funding for the nation’s highways and extended the current low interest rate on student loans. Why is the Pension Rights Center following this bill? The answer is simple: Congress included major changes in pension law as […]
Looking for Cash, Congress Finds Some in a Corporate Pension Rule Tweak
Lawmakers looking for money to finance low-cost student loans and fix aging highways have found about $20 billion in an unlikely place: company pension funds.
Ford retiree group critical of company’s lump sum pension offer
An association for Ford retirees has hired consultants, lawyers and accountants to review Ford Motor Co.’s plan to offer lump sum pension payouts this summer.
Freeing some seniors from required IRA distributions is worth the cost: J. Mark Iwry
Proposal would exempt those with less than $75,000 in retirement assets at a cost of $35M
Fewer Employers Match Defined Contribution Plan Deposits: SHRM Analysis
The percentage of employers that match employees’ contributions to defined contribution plans has declined since 2008, according to data released this week at the Society for Human Resource Management’s 2012 Conference and Exhibition in Atlanta.
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.
