Face It. 401(k)s are a Failure
The first wave of attacks on public sector unions has highlighted the issue of pensions in the U.S.
5 ways to revive pensions in the private sector
Can anything be done to bring back the Great American Pension in Corporate America, where it’s an endangered species?
At DOL Hearing, Officials Seek Answers About Value of Investment Advice Disclaimers
Department of Labor officials asked panelists during hearings March 1 and 2 whether requiring certain conflicts of interest involving investment advisers to be fully disclosed would be as effective at protecting retirement plans, participants, and beneficiaries as prohibiting those conflicts of interest. Reproduced with permission from BNA Pension & Benefits Reporter, 38 BPR 459 (Mar. […]
Sen. Harkin: New retirement scheme hinges on advisers
A congressional leader sees a key role for investment advisers in his vision for reform of the retirement system.
Retirement Security: A Thing of the Past?
While pensions seem less affordable than ever, they remain the overwhelming retirement choice of consumers. According to new research, the Great Recession exposed such fundamental flaws in America’s retirement support system that consumers overwhelmingly think the current system is broken beyond repair.
Joint letter to Oklahoma State Senate protesting legislation on military pensions (03/07/2011)
The Pension Rights Center and six other organizations sent a letter to the Oklahoma State Senate protesting a bill that would significantly cut spousal protections for former military spouses. The bill would have eliminated retirement benefits for former military spouses who remarry or cohabitate. While the bill passed the Oklahoma State Senate, it failed to secure […]
An Overblown ‘Crisis’ For State Pension Funds
In early 2010, Goldman Sachs announced two blockbuster numbers: profits of $13.4 billion for the prior year and compensation of $16.2 billion — the equivalent of about $500,000 for each employee at the Wall Street titan.
Why employee pensions aren’t bankrupting states
From state legislatures to Congress to tea party rallies, a vocal backlash is rising against what are perceived as too-generous retirement benefits for state and local government workers. However, that widespread perception doesn’t match reality.
Let the 401(k) investor beware
A new report from the Government Accountability Office warns employees to watch out for biased investment guidance from the financial companies paid to set up and run their 401(k) plans.
Not your father’s retirement
My father never dreamed he’d live to be this old. His parents died in their seventies. But here he is, 98 years old and still playing golf.
Golden Years?
The problem isn’t that public-sector workers have too much retirement security. It’s that everyone else has too little.
