WWW.VERIZONRETIREMENTWATCH.COM ESTABLISHED TO HELP VERIZON EMPLOYEES FIGHT PENSION FREEZE
WASHINGTON – In the wake of Verizon’s announcement that it will freeze its pension plan for salaried workers, the Pension Rights Center and the Communication Workers of America have joined together to launch a new web site, www.VerizonRetirementWatch.com. The site is a clearinghouse of information on Verizon’s actions, a forum for employees to communicate with […]
Labor Department Gets Tough
The Department of Labor showcased a new enforcement project against employers that delay or fail to forward employee contributions to retirement and contributory healthcare plans by filing two dozen lawsuits across the nation earlier this week.
The 401(k) pays off for a lucky few
For some workers, 401(k)s pay off; for others, not so much.
Saving for retirement is becoming an afterthought
Joanna Harris is the rare mother of two, juggling work and family, who is even thinking of retirement planning amid this horrible economy.
Cash out 401(k) or file bankruptcy?
I lost my job and have used all of my severance money. I have $55,000 in credit card debt. Should I use money from my 401(k) or file bankruptcy?
Are Your Employee Benefits Guaranteed?
What happens to your employee benefits such as health care and pensions if your company files for bankruptcy protection?
Rule change takes aim at ‘schlocky advice’
DOL pushes to expand ‘fiduciary’ definition to offer more protection to investors.
Older Workers Losing Faith in 401(k)s
Current workers over age 50 no longer think their 401(k) will propel them to a secure retirement.
Workers relying on ‘guesswork’ in managing retirement plans
Many go by ‘gut feeling,’ survey finds; most admit they’re not saving enough for old age.
Because We’re Living Longer, More Americans Will Run Out of Money in Retirement than Previously Expected
Financial planners now predict we could live an average of 30 to 40 years in retirement not the 20 to 30 years as previously believed.
Ex-Wife Entitled to 401(k) Account Balance
Even though an ex-wife waived her right to her now-deceased ex-husband’s 401(k) plan savings, she is still entitled to the money, a federal judge in New Jersey has ruled.
American Workers Leaving Retirement Savings on the Table
Many Americans aren’t rolling their retirement savings into an individual retirement account or a new 401(k) when they switch employers, Dutch bank ING Direct says.
