Ellen Schultz: “Retirement Heist”
Pensions were once considered a cornerstone of retirement, and in many cases, untouchable. But over the past two decades, companies large and small have cut employee pensions and slashed retiree health benefits — all the while turning huge profits on those plans. Guest host, Laura Knoy, talks with investigative reporter, Ellen Schultz, about the hidden […]
Young people more likely to retire in poverty, according to study
Approximately half of California workers will retire in or near poverty, according to a study published Monday by the UC Berkeley Center for Labor Research and Education.
Military benefit plan may change
When an eight-year commitment to Uncle Sam was running out a while back, Air Force Maj. James Podany faced a decision: trade the uniform for a private sector gig, or re-up? The 34-year-old Omaha native decided to stay put, and he now plans to remain in at least 20 years — until he is eligible […]
The age of retirement insecurity
When members of Congress and candidates for president bring up the issue of Social Security these days, Americans had better pay close attention — and Californians closer still.
Talk of changing military pensions sparks debate
Driven by the need to cut the defense budget by $450 billion in the next decade, officials have raised the subject of military pensions, which are far more generous than what most Americans receive.
Has Your Retirement Been Stolen?
If you’re looking for a scary story to read this Halloween, try Retirement Heist.
UC Berkeley report sees tough times for California retirees
California workers are less likely than most Americans to have employer-sponsored retirement plans, according to a new academic report, and nearly half of them will retire in or near poverty status.
Changes Could Lead Millions to Abandon Retirement Plans
The government officials considering changes to how retirement savings vehicles such as 401(k)s work may want to note a survey this year by the Employee Benefit Research Institute.
How Employers Raid Pension Plans
When it comes to threats to your retirement, there’s one you may have overlooked: your employer. In recent years, companies have been freezing pensions, slashing retiree health benefits and eliminating 401(k) contributions.
Many baby boomers face retirement of tight budgets, fading dreams
The baby-boomer generation is poised to blaze new frontiers in retirement as it has in other endeavors. Yet, in this case, many boomers are experiencing regret, frustration and resignation that the path their parents took is closed to them.
Bring back good old pension plans
A study that compared defined benefit retirement plans — old-fashioned pensions — with defined contribution plans — 401(k)s and 403(b)s — in the public sector, concluded that not only do most participants prefer defined benefit plans, but also, they are more efficient and may in the end cost taxpayers less.
GE’s Bogus Reason for Ending Its Pension Plan
“Bringing good things to life” was the old General Electric slogan. But it’s becoming increasingly clear that GE is actually more skilled at putting “good things” to death, whether U.S. jobs, its share of federal taxes, reasonable healthcare costs for workers, or pension plans.
