Why it’s important to not skip Medicare open enrollment: Retirement Scan
Open enrollment offers seniors the opportunity to change their plans and save hundreds of dollars.
Pensions
Why it’s important to not skip Medicare open enrollment: Retirement Scan
Open enrollment offers seniors the opportunity to change their plans and save hundreds of dollars.
Pension Protection Act improved retirement prospects for many workers
Northern Trust research shows that plan sponsors can still do more to aid employees.
Retiree spending habits boost national economy
Guaranteed pension income fuels spending even in a depressed fiscal climate.
Prudential wins $2.5B pension deal with WestRock
Insurer wins pension-risk transfer deal with paper and packaging company, cementing status as the biggest player in the business of taking on retirement obligations for employers.
Benefits Think Lost participants create pension plan audit risk
Is your plan keeping track of vested former participants who are owed money?
Carol Buckmann
Cohen & Buckmann PC
California court case opens door for pension benefit reductions
A state appellate court recently ruled that benefit cuts are permissible if the pensions remain "reasonable" for workers.
Chicago outlook lifted to stable by Fitch on pension improvement
Midwest city has its credit outlook raised because of the city’s work to shore up its retirement system and avert insolvency for the pensions that don’t have enough money to pay the benefits promised.
The 401(k) is wreaking havoc on retirement
The shift away from pensions means “double disadvantages for the less educated,” a study finds.
Connecticut treasurer calls for re-evaluation of pension returns
Denise Nappier says the 0.35% return posted by the state’s $29 billion retirement system in the year that ended in June underscores the need to adopt more realistic investment assumptions.
Retirement Scan: Social Security sign-up can bring an unpleasant surprise
Retirees over 65 will no longer be able to contribute to health savings accounts once they file for benefits.
Retirement Scan: Social Security sign-up can bring an unpleasant surprise
Retirees over 65 will no longer be able to contribute to health savings accounts once they file for benefits.
Once-celebrated Dallas Pension Fund runs risk of going broke
The Dallas Police and Fire Pension System, once applauded for a diverse investment portfolio that included Hawaiian villas, Uruguayan timber and undeveloped land in Arizona, finds itself needing to dig out of a deep hole.
How not to die hungry: Turn your 401(k) into a pension
Company after company has repudiated traditional pensions, pushing younger workers into 401(k)-style retirement plans. For diligent savers, a 401(k) can accumulate a big balance, but when the time comes to start using it, things will get a lot more complicated than it was for their parents.
Chicago still has time to embrace pension reform, Moody’s says
If the junk-rated city wants to improve to investment grade, it must reverse the direction of its mounting retirement debt, according to Naomi Richman, a managing director at Moody’s Investors Service.
Calpers names Marcie Frost as CEO of largest U.S. pension fund
The California Public Employees’ Retirement System, the largest U.S. pension fund, named Marcie Frost, 51, as its new chief executive officer.
Benefits Think Tweak to retirement plan rule will have more employers filing 4010 reports
The Pension Benefit Guaranty Corporation is now using non-stabilized rates to determine qualification for under $15-million exemption
Mike Clark
Principal Financial Group
Canada reaches agreement on expanding national pension plan
The expanded Canada Pension Plan is aimed at countering dwindling workplace pension access for younger generations pinched by a weak economy and soaring home prices.
UPS warns of $3.8B cost if U.S. backs pension-benefit cut
The cost would be triggered if the U.S. Treasury Department approves benefit cuts to protect the solvency of the Central States Pension Fund.
Record M&A activity driving employers to take on increased pension, benefits risk
Helping clients understand the pension and benefit plans of seller organizations is an important part of any acquisition.
