Tag Archives: pension
Fees, Poor Choices Corroding Pension Pots-Study
Failure to shop around for pension and annuity deals will deprive some Britons of up to a quarter of the income they could have secured in retirement, forcing them to work longer, a report released on Thursday shows.
NYT > Retirement
Insight: The Surprising Strength of Canada’s Pension Funds
Deep in the financial crisis, a Canadian pension fund entrusted with the nest eggs of 17 million workers bet a chunk of that money on Internet phone service Skype, venturing well outside its tradition of long-term, conservative investing.
NYT > Retirement
Philadelphia Orchestra Tries to Avoid Pension Payments
The Philadelphia Orchestra, pursuing bankruptcy to shed pension obligations, is only one of the United States orchestras strained financially by promised benefits.
NYT > Retirement
Contractor’s Work for U.S. Pension Guarantor Was Flawed, Audit Says
The Integrated Management Resources Group, which determined payments to retirees, was found to make many errors, but the company was not replaced even after the flaws were noticed.
NYT > Retirement
Pension Deal in Rhode Island Could Set a Trend
If the sharp cuts agreed to by retired police and firefighters in Central Falls, R.I., is approved in court, other places may pursue similar deals.
NYT > Retirement
L&G, Hannover Seal £1 Billion Pension Deal
Life insurer Legal & General and German reinsurer Hannover Re have joined forces to cover glassmaker Pilkington’s staff pension fund against the risk of members living longer than expected.
NYT > Retirement
Retirement savings improve thanks to controversial pension law
The Pension Protection Act is credited with boosting participation in 401(k) plans
Pension Insurer is $26 Billion in the Red
BOSTON (MainStreet) — The Pension Benefit Guaranty Corp. — which insures the benefits of 25,000 private-sector pension plans covering about 34 million U.S. workers and retirees — announced Tuesday that its annual deficit increased to $ 26 billion as of Sept. 30, a $ 3 billion increase from its previous fiscal year.
It’s the largest year-end deficit in PBGC’s 37-year history. Factors that contributed to the worsening numbers included lower interest rates used to measure benefit payment obligations and anticipated increases in multiemployer financial assistance.
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Kan. panel blocks bill on 401(k)-style pension – El Dorado Times
 Hays Daily News |
Kan. panel blocks bill on 401(k)-style pension
El Dorado Times By Anonymous AP A proposal to move Kansas toward 401(k)-style pensions for teachers and government workers failed Wednesday to clear a committee in the state House, a victory in a Republican-leaning state for public employee unions hoping to preserve … Panel blocks bill on 401(k)-style pension |
