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.
Is Congress setting itself up for a pension crisis?
Who wants to hear about pensions? No one. But that’s sort of the point! Yesterday, I noted that the Senate’s two-year highway bill used a few gimmicks to paper over shortfalls in gas-tax revenue. And one of those was a little-noticed tweak in pension rules that could end up being quite important.
The latest on American Airlines
Most American Airlines employees can breathe a sigh of relief (sort of), now that the company has announced that it would not seek to terminate three out of four of its pension plans as part of its bankruptcy reorganization. Rather, the company will freeze those plans, meaning that employees will stop earning benefits after a […]
Don’t Let Companies Slash Pension Payments
There is something about pensions that makes their sponsors just want to say no. For months we have been reading about cities and states failing to pay what is due into employee pension funds. Now corporate America is getting into the act.
Divorce: Splitting Up a Rich Military Pension
Dividing retirement plans in a divorce is never easy. When one spouse is in the military, it gets even harder.
Don’t ignore retirement insecurity
When American Airlines went into bankruptcy in November, our phones started ringing. I’m with the federal Pension Benefit Guaranty Corp. We insure private pensions, and American told its 130,000 employees that they would lose theirs. They called us to ask what would happen: What would they get when they retire?
Should state government offer a retirement plan for private citizens?
State government should offer a retirement plan to the increasing number of people whose companies don’t provide a pension or a 401(k) savings program, labor groups and other advocates this week told a legislative panel.
After the Storm, the Little Nest Eggs That Couldn’t
In many ways, things are looking up for America’s economy. After several years of roller-coaster-ish volatility, the Dow Jones industrial average has climbed to its highest level since the 2008 financial crisis. Economic growth, though not robust, has been gathering steam, and the unemployment rate has been inching downward, although fitfully. While economic experts voice […]
