A history of pensions in six minutes
The two stars of this entertaining video give us their unique - and accurate - take on the history of pensions and what led companies to ask for pension funding relief in the financial bailout.
Watch the video and let us know what you think.Tags: ERISA, Future retirement security
Looking for help with your retirement plan?
If you have a problem with your retirement plan, free help may be available from the U.S. Administration on Aging's network of Pension Counseling and Information Projects. Find help now.
PensionHelp America connects people who need help with their pension, 401(k), and other retirement plans with the pension counseling projects, legal services providers, and government agencies that can help answer their questions. Visit www.pensionhelp.org.
Retirement USA
Retirement USA is a national initiative that is working for a new retirement system that, along with Social Security, will provide universal, secure, and adequate income for future retirees. Visit the website.
Did You Know?
An annuity is a pension benefit that is paid out in a specific amount over a set period of time. Annuities typically last for the lifetime of the participant, or the lives of both the participant and his or her spouse, depending on the type of annuity selected. Joint-and-Survivor and Single-Life are types of annuities.
Comments
A very, very good video. However, companies are shafting employees with the 401K as it does not do what the media says it can or will do. It lasts for only 7-8 years for most employees. If a worker (and often times does) lives 5-7 years or more, and companies don't want to too long, meaning if they live 10-20 years or more perhaps the compromise is guarantee a certain $ amount till a certain age, and allow for a spouse or domestic partner and then guarantee after a certain % amount after a certain age. I think for companies that are truly suffering financially or are small sized this might be a good alternative.
I do very much welcome commentary
Joellen,
Short enough to allow those of us that are impatient understand what is going on?
I sure wonder how much flack will be coming from FOX news? Thank you mam for your efforts on all our behalf. Say Hi to Karen and John for me......
Doug Chapman
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