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Accounting mistakes can squeeze pension benefits

07/06/2014 | Pittsburgh Post-Gazette

An article in the Pittsburgh Post-Gazette details the problem of recoupment -- when a pension plan demand repayment of money that it overpaid to a retiree -- and highlights the work of the Mid-America Pension Rights Project.

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Betting on Getting to 80: Draw $40,000 a Year Forever, If You Don't Die First

07/03/2014 | Bloomberg

Sharon Carson admits she just did something strange. At 49, she wrote a check to an insurance company for a product that won’t give her any financial benefit until she's in her 80s.

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Lockheed to freeze pension plan

07/01/2014 | BenefitsPro

Lockheed Martin will freeze its defined benefit pension plan and transition its employees to a defined contribution plan, the Maryland-based aerospace giant said today.

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Future of Retirement Solutions [VIDEO]

06/24/2014 | Pensions & Investments

PRC Executive Vice President Karen Friedman moderates a panel discussion on the future of retirement solutions at the Global Future of Retirement conference sponsored by Pensions & Investments. More videos from the conference here

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Pension plan design should be cross-generational — panel

06/24/2014 | Pensions & Investments

Income replacement and securing pension benefits for multiple generations should be the guide to achieving adequate retirement income, said panelists at Pensions & Investments' inaugural Investment Innovation and the Global Future of Retirement conference.

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IRS Private Letter Rulings Add Fuel to Fire On Lump-Sum Offers, De-Risking Debate

06/24/2014 | Bloomberg BNA's Pension & Benefits Reporter

Five recent Internal Revenue Service private letter rulings allowing defined benefit plans to offer lump-sum benefit distributions to participants already receiving benefits are likely to encourage more employers to jump on the de-risking bandwagon, especially at a time when many employers are expressing interest in decreasing the impact of plan risks on their balance sheets.

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Retirees Suffer as 401(k) Rollover Boom Enriches Brokers

06/17/2014 | Bloomberg

Kathleen Tarr says AT&T Inc. employees looked to her as “their de facto 401(k) expert.” Visiting their homes and offices, she advised them on their retirement plans as they called up balances on computer screens. Actually, Tarr worked for Royal Alliance Associates, a brokerage firm owned by insurer American International Group Inc. (AIG). More...

The United States, on the verge of a retirement crisis

06/17/2014 | Yucatan Times

"For retirement, the answer is 4-0-1-k," proclaimed Tyler Mathisen, then editor of Money magazine in 1996. "I feel sure that someday, like a financial Little-Engine-That-Could, it will pull me over the million-dollar mountain all by itself." For this sentiment, and others like it, Mathisen was soon rewarded with an on-air position at financial news network CNBC, where he remains to this day. More...

Brokers Fight Rule to Favor Best Interests of Customers

06/13/2014 | New York Times

David O’Brien, a certified financial planner, has tried to repair the retirement portfolios of several victims over the years. There was the high school science teacher who didn’t realize she had been sold a variable annuity, where layers of incomprehensible fees devoured nearly 2.5 percent of her retirement savings each year. More...

401(k) the new piggy bank

06/06/2014 | BenefitsPro

What employers can do to help stop early withdrawals

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