In case you missed it
Posted by Namita KoppaHere’s some of the latest news from the world of pensions:
▪     In a new report, the Government Accountability Office finds that 15 percent of 401(k) plan participants have “initiated some form of leakage” from their retirement plans through cashouts, loans or hardship withdrawals.
▪     Two articles in the Detroit News examine the ways that 401(k) plans fail workers in retirement and the push for retirement plan reform.
 ▪     The National Basketball Referees Association faces lockout as NBA rejects negotiations to maintain defined-benefit retirement plan.
 ▪     Australia and the Netherlands top list of countries with best retirement security according to a recent MarketWatch article.
 ▪     A report from the U.S. Government Accountability Office recommends easing penalties for hardship withdrawals, as well as greater employer-based education on opportunities and challenges.
 ▪     US News & World Report’s Planning to Retire blog takes a look at what keeps retirement savers up at night.
 ▪     In a new survey, Watson Wyatt finds that more than one in ten employers has suspended matching contributions to their 401(k) plans. Check our list to see if your 401(k) match been suspended.
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