In the current economic climate, few of us want to open our 401(k) statements. As we’ve written in the past, the faltering stock market, combined with employers eliminating their 401(k) matching contributions, has made retirement security quite a gamble. But if you are one of the brave, a new tool can help you find out how your 401(k) measures up to 401(k) plans at other companies. (more…)
Since the beginning of the economic downturn we’ve seen a lot of stories in the news about the decline in the funding status of pension plans. Given that pension plans are heavily invested in the stock market, real estate and other assets that have lost significant value in the economic downturn, it would follow suit that the funding levels in these plans have also decreased. (more…)
It isn’t uncommon to hear people comparing NBC’s hit television show, The Office, to their own workplaces. Many of the events on the show mirror what happens in offices across the country. But for many people last night’s episode hit a little too close to home. (more…)
The Pension Rights Center had a very exciting day on Tuesday as we joined with three other groups to unveil a new initiative called Retirement USA. Together with the Economic Policy Institute, National Committee to Preserve Social Security and Medicare, and Service Employees International Union, we presented principles that would provide the basis for a new universal, secure, and adequate retirement system in addition to Social Security. (more…)
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