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Joellen Leavelle's Posts

As ERISA celebrates its 35th anniversary it is clear that there is still more to do

Labor Day marks the 35th anniversary of a law hailed by its principal sponsor Senator Jacob Javits as "the greatest development in the life of the American worker since Social Security." Thanks to the Employee Retirement Income Security Act of 1974, millions of retirees are receiving the secure lifetime pensions that are making it possible for them to live comfortably in retirement.

In case you missed it

Here's some of the latest news from the world of pensions

A retirement reality check

A new study released by the Ariel Education Initiative and Hewitt Associates and funded by the Rockefeller Foundation confirms what many researchers and retirement policy experts have known for a while now: When it comes to providing retirement income, 401(k) plans just aren't cutting it for many minorities.

Relighting the match

Last week Zep Inc. announced plans to reinstate its 401(k) matching contributions.  This move comes six months after the company suspended its match and cut executive pay to reduce costs.  At the time, Zep's CEO said that restoring the match would be the top priority when the company returned to profitability.  Currently, Zep is restoring its match to half the level it was before the suspension, but the company expects to fully restore the match by January.

Pension Tension: Bankruptcy and Pensions

The recent bankruptcies of Chrysler and General Motors have caused a lot of workers to be concerned about their pensions. While Chrysler has now emerged from bankruptcy GM is still going through the bankruptcy process and the question. "What will happen to my pension?" is very much on the minds of workers and retirees in the automotive sector - and elsewhere.

NFL punts on pensions

The NFL, what many (including this avid sports fan) consider to be the nation's favorite and most popular sport's league, has taken an action that could potentially undermine the retirement security of it workers and retirees.

Older Americans Month

Today, May 1, marks the start of Older Americans Month. What better a day to discuss the retirement security of older Americans? Not so long ago retirement security was thought of as a three-legged stool, consisting of employer-sponsored pensions, personal savings and Social Security.  

Unequal Pay = Unequal Pensions

Today, April 28, is Equal Pay Day, in recognition of the fact that on average women earn less than men. For women, as former Congresswoman Patricia Schroeder once noted, this discrimination throughout their lives "strikes its cruelest blow at the end."

The Lily Ledbetter Equal Pay Act of 2009 will not only help close the wage gap for women who have experienced pay discrimination in the workplace, but it will also help close the pension gap.

Pension information for automotive industry retirees

Are you a retiree from the auto industry?  The Pension Benefit Guaranty Corporation, the federal agency that guarantees pensions, has provided helpful information for retirees o

The Pension Rights Center steps into the world of Web 2.0!

Do you tweet on Twitter? We do! The Pension Rights Center has joined Twitter, a social networking platform that allows users to let their "followers" know what they're up to on a regular basis. Check out the Center's Twitter feed, More...

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