Tracking down retirement benefits from a previous job
Q: I am 65, retired and living on Social Security. I had a supplemental retirement plan with Joslyn Corp., where I worked for 13 years until January 1979. I have tried all the government databases and Google, to no success. I know the company has been sold, but that’s all I know. Supposedly, I have […]
How much monthly income will that 401(k) get you?
If you think figuring out how much money to put into your retirement savings accounts is complex, wait until it’s time to take money out.
401(k)s are a sham
Duped by a DIY retirement dream, the elderly now face staggeringly low living standards
Labor secretary’s job might be new, but his plate is full
Thomas Perez, the new secretary of labor, will have little time to make an immediate imprint on retirement issues as he inherits the already packed regulatory agenda of the Employee Benefits Security Administration, including a controversial new fiduciary rule.
Joint comments to Labor on lifetime income estimates on benefit statements (August 2, 2013)
The Pension Rights Center and the National Women’s Law Center submitted comments to the Employee Benefit Security Administration at the Department of Labor, in support of requiring benefit statements from 401(k)-type plans to include a calculation of how much income the current account balance would provide for life. Related: Joint comments by eight organizations to […]
High Anxiety: The Nonprofit Sector’s Retirement Problems
When you ask employees at nonprofit organizations about job satisfaction, more often than not they will give you a positive response; for these mission-oriented workers, purpose is paramount. When asked about their plans for retirement, however, nonprofit employees express insecurity and uncertainty about the future.
Oregon takes a step toward retirement security for all
Oregon recently took a step forward in the movement to expand retirement savings for its workers. Oregon’s state legislature passed House Bill 3436, which creates a task force to explore options for helping private-sector workers who lack access to a workplace retirement plan save for retirement. The bill is now awaiting the governor’s signature. House […]
Pension Advocates Raise Questions About IRS Rulings on Church Plan Status
In the months since the Internal Revenue Service lifted a moratorium in 2011 on issuing private letter rulings on church plans, IRS has issued at least 13 rulings granting church plan status, including one conferring church plan status on a defined benefit pension plan sponsored by a tax-exempt 501(c)(3) unincorporated religious organization that had been […]
Detroit Pensions Battle
PRC’s Karen Friedman discusses the impact of Detroit’s bankruptcy filing on retirees’ pensions and the safety of pensions in general. Segment starts 8:00 minutes into the program.
Teamsters pension plan stuck in crisis
The plight of the Teamsters’ Central States, Southeast & Southwest Pension Plan has been in the news lately and its prospects are not good.
Claim That 401(k)s Beat Defined Benefit Plans Stirs Controversy
A basic — and increasingly nostalgic — assumption in the private pension world has long been that the financial payouts of defined benefit plans are much better than those of defined contribution plans, and it’s too bad that defined benefit plans seem to be heading for extinction.
Detroit’s workers and retirees face big cuts
While the details of Detroit’s historic bankruptcy filing Thursday continue to unfold, one thing is clear: Tens of thousands of current and retired city workers face the risk of significantly smaller pension checks.
