Median 401(k) Balance Down to $23,000
At the peak of his retirement savings, around 2006, John Taylor had about $66,000 in his employer-sponsored 401(k) — until the recession and a chain of unexpected events drained his fund completely.
Expected Final Rules ‘Meaningfully’ Altered From 2010 Proposed Hybrid Rules, Iwry Says
The Treasury Department will soon release final rules on cash balance and pension equity plans that will be significantly different from the proposed rules, a senior Treasury official said April 23 at a U.S. Chamber of Commerce briefing.
Pension Rights Center, Other Groups Express Support for DOL Electronic Disclosures Policy
Seven groups, including the Pension Rights Center and the AFL-CIO, wrote a letter April 19 to the Department of Labor urging the continued use of the department’s current policy regarding electronic communications to plan participants.
On Defined Contribution Plans, U.S. Should Follow Other Countries: Report
This week U.S. defined contribution plan sponsors received a startling piece of news: At least four countries outside the U.S have better fee disclosure practices than those in the U.S. The report, issued by the General Accounting Office in March, reviewed best practices in hopes of enlightening U.S. retirement plan providers and regulators.
Defined benefits are being re-imagined
Traditional pensions are struggling for many reasons: low investment returns, too-generous benefits, and the happy fact that people are living longer than expected.
Attorney to speak on pension rights
An attorney from a program designed to assist people with their pensions will speak on retirement and pensions next Thursday at North Dakota State College of Science.
My Faith-Based Retirement
My 60th birthday is less than a week and a half away, and if there is one thing I can say with certainty it’s that 60 is not the new 50.
Speech by Karen Friedman at the 2012 Latino Retirement Security Summit (April 25, 2012)
Thank you to Jeff and to Latinos for a Secure Retirement for inviting me today to speak at this conference. It is indeed a pleasure to be here today on this panel to provide a consumer perspective on technology issues that relate to retirement. However, before I get into technology issues, I want to make […]
Prudential tries to collect pension overpayment after 17 years
In this television news story, the Mid-Atlantic Pension Counseling Project is featured helping a retiree who was told to repay his former employer pension money that he was overpaid, through no fault of his own.
Remarks by Karen Friedman at a discussion of the U.S. Chamber of Commerce’s white paper, “Private Retirement Benefits in the 21st Century: A Path Forward” (April 23, 2012)
Thank you so much to Aliya and the U.S. Chamber of Commerce for inviting me to speak today. I am delighted to be here on behalf of the Pension Rights Center to provide a consumer perspective on some of the critical retirement issues presented in the Chamber’s white paper, “Private Retirement Benefits in the 21st […]
Point Man on Pensions
Josh Gotbaum scored a coup last month for the obscure-but-important federal agency he runs when American Airlines parent AMR Corp. reversed plans to dump its underfunded pension plans on the Pension Benefit Guaranty Corp.
How 401(k)s are failing millions of Americans
More than half of U.S. workers have no retirement plan at all. And even those who do have a 401(k) typically don’t have enough money to retire comfortably
