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PRC Perspectives Blog

GM's pension move is a lemon

Posted by Nancy Hwa on June 06, 2012

Last week, General Motors announced that it will offer 42,000 of its salaried retirees the opportunity to take their lifetime monthly pension benefits as a one-time lump-sum payment.


Can we call it a comeback...for DB plans?

Posted by Joellen Leavelle on April 03, 2012

I hope so. According to a newly-released Towers Watson survey, it looks like defined benefit pension plans are making a comeback – especially among younger workers. 


Relying on tonight’s Mega Millions jackpot to fund your retirement?

Posted by Joellen Leavelle on March 30, 2012

Looking for ways to finance your retirement? If you’re like Jason Schutz of St. Cloud, Minnesota and you only have a 401(k) plan, you might have bought a lottery ticket for tonight’s record-breaking $640 million Mega Millions jackpot.


To expand retirement security, a look to the states

Posted by on March 28, 2012

There is a movement afoot to use the efficiencies of public retirement systems to administer new types of pension plans for private-sector workers.


The latest on American Airlines

Posted by Nancy Hwa on March 14, 2012

Most American Airlines employees can breathe a sigh of relief (sort of), now that the company has announced that it would not seek to terminate three out of four of its pension plans as part of its bankruptcy reorganization. Rather, the company will freeze those plans, meaning that employees will stop earning benefits after a certain date.


Setting the record straight: Saint Peter’s University Hospital’s pension plan

Posted by Joellen Leavelle on February 29, 2012

A new PRC fact sheet refutes claims made by Saint Peter’s University Hospital (SPUH) that its pension plan is a church plan and has never been subject to federal law.


The problem with Mitt Romney's IRA

Posted by Joellen Leavelle on February 02, 2012

In the last few weeks Mitt Romney’s Individual Retirement Account has come under intense scrutiny because of the amount of money he has stashed away in it.The Wall Street Journal estimates the value of Romney’s IRA to be somewhere between a whopping $20 million and a staggering $101.6 million.


Is a 401(k) match really “free money”?

Posted by Joellen Leavelle on January 13, 2012

This week’s issue of Time features an article by Stephen Gandel called “How 401(k)s Make Many Americans Poorer.” It sheds light on a new study conducted by the Urban Institute and published by the Center for Retirement Research. The study finds that employees at companies that provide an employer match to 401(k) contributions tend to have lower salaries than employees at companies that do not contribute to employee retirement plans.


[UPDATED] American Airlines’ bankruptcy – what does it mean for its pensions?

Posted by Nancy Hwa on December 14, 2011

No doubt you’ve heard that American Airlines has filed for bankruptcy. The airline has four underfunded pension plans, and their fate is the source of much speculation. Despite meetings the company has held with employees to discuss their pensions, workers remain concerned.


Is your pension plan having a religious conversion? Here's what you can do.

Posted by Joellen Leavelle on December 01, 2011

Have you received a notice informing you that your pension plan is seeking approval from the Internal Revenue Service to convert to a “church plan”?  Here’s what this means to your retirement – and what you can do about it.

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