Pension News

Certain rules in the Internal Revenue Code are designed to prevent employers from discriminating against non-highly paid employees in their pension plans. Unfortunately for the retirement security of their employees, some employers look for ways to get around the nondiscrimination rules. Read the rest of this entry »

Have you heard that the government is planning to seize your 401(k) and use the money to send monkeys to Mars? Well, we haven’t heard about the monkey part, but some people are making the claim that the government is gunning for workers’ 401(k)s. Read the rest of this entry »

Over the last few months you’ve probably heard reports about the president’s fiscal commission. Word around town is that this secretive commission, with its stated goal of reducing the federal deficit, is seriously considering cuts to Social Security. Read the rest of this entry »

Dow Jones Newswires reports that the Internal Revenue Service has released rules clarifying when participants in 401(k) plans can sell company stock held in their accounts.  Read the rest of this entry »

May is Older Americans Month. The U.S. Administration on Aging has announced that this year’s theme for the month is “Age Strong! Live Long!” which “recognizes the diversity and vitality of today’s older Americans who span three generations.” Read the rest of this entry »

Yesterday I joined friends from Social Security Works, OWL - The Voice of Midlife and Older Women, Social Security Matters, the Alliance for Retired Americans, the Economic Policy Institute, and others outside of the Ronald Reagan Building and International Trade Center as Pete Peterson (you know him, he’s the one who is trying to scare everyone into thinking that Social Security is on its last legs - don’t worry, it isn’t) hosted a closed-door meeting of millionaires and billionaires, at which cutting Social Security was a primary point of discussion.  Read the rest of this entry »

Here’s some of the latest news from the world of pensions: Read the rest of this entry »

As someone who monitors the news on a daily basis, I often come across stories about retirement systems in other countries. Below are just a few of the recent articles that I thought were interesting. What can we learn from retirement income policies in other countries? Read the rest of this entry »

Today Brad Pitt and Angelina Jolie announced that they were committed to working toward a new universal pension system to ensure that all Americans - and particularly their six children - would be able to retire with dignity. Read the rest of this entry »

In December 2009, Visteon Corp. announced that it was going to terminate its pension plans, which cover some 21,000 workers and retirees, as part of the company’s overall bankruptcy and reorganization effort.  Read the rest of this entry »