Can we call it a comeback…for DB plans?
I hope so. According to a newly-released Towers Watson survey, it looks like defined benefit pension plans are making a comeback – especially among younger workers. According to the 2011 Towers Watson Retirement Attitudes Survey, younger workers are increasingly recognizing that guaranteed income in retirement should play a role in the decision-making process when selecting […]
Tax credit a benefit for lower-income workers
Lower-income workers can get a little-known tax credit worth up to $1,000 each year if they contribute to an individual retirement account or workplace plan such as a 401(k), 403(b) or 457.
Relying on tonight’s Mega Millions jackpot to fund your retirement?
Looking for ways to finance your retirement? If you’re like Jason Schutz of St. Cloud, Minnesota and you only have a 401(k) plan, you might have bought a lottery ticket for tonight’s record-breaking $640 million Mega Millions jackpot. In today’s USA Today, Schutz says that his only hope for retirement is to win the lottery. […]
To expand retirement security, a look to the states
There is a movement afoot to use the efficiencies of public retirement systems to administer new types of pension plans for private-sector workers. Last week, in a New York Times op-ed titled, “Don’t Cut Pensions, Expand Them,” Professor Teresa Ghilarducci of the New School for Social Research argued that, “Rather than curtailing public and private […]
Keeping Track of Your Retirement Investments
Employees are transient. Look at your own life: Even if you’re in your 20s or early 30s, it’s possible you’ve already worked with several different employers. One report from the Bureau of Labor Statistics stated that the boomer group studied held an average of 11 jobs while they were between the ages of 18 and […]
New Ideas on Pensions: Use States
As growing numbers of baby boomers face retirement with inadequate savings, some state officials are considering a novel proposal to rebuild America’s ailing retirement system — having state pension funds run retirement plans for companies.
Employees to Employers: Help Us Retire
After years, if not decades, of reports that U.S. employees don’t save enough for retirement, along comes a new study that appears to show that the minds of American workers have changed: They are now ready to save for retirement and willing to sacrifice to do so — or at least half of them are.
A New Life for Pension Plans
Bucking the 401(k) trend, one union moves to a new type of defined-benefit plan in which employers and employees share the risk.
What Will Replace the 401(k)?
The venerable 401(k) has been under fire since the recession. Here’s what could replace it.
Pension funding changes could offer some relief
Help welcome, but some seeing risky possibilities
Labor Department not deterred in fiduciary rule proposal
The Labor Department is not going to let push-back from the financial services industry delay its fiduciary rule for advisers who handle retirement plans – but that does not mean the regulation will be out anytime soon.
Don’t Cut Pensions, Expand Them
On Thursday morning the New York State Legislature agreed to a deal limiting pensions for future public employees. The state thus joins 43 others that have recently enacted legislation curtailing public retirement benefits.
