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A warning for CSRS spouses

02/03/2009 | FedLine (The Federal Times' blog)

Two retirement security groups are highlighting a little-known provision in the federal government’s rules that could hurt some spouses or children of federal employees under the Civil Service Retirement System.

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Experts say legislation to fix fragile pension system doesn't go far enough

02/01/2009 | Employee Benefit News

It's still hard to fathom the enormity of last year's seismic shift on Wall Street that triggered serious cracks in nest eggs whose fragile shells were still hardening across America's rural, suburban and urban landscapes. Recent events raise compelling questions about the long-term health of the ailing nation's pension system.

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Swallow hard: What to do if hard times scramble your retirement

02/01/2009 | El Paso Times

If you work for one of the dozens of companies that have reduced or eliminated their matching contribution to their 401(k) retirement plans, don't do anything hasty, most experts say.

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Daughter Loses DuPont Pension

01/30/2009 | AARP Bulletin Today

The lesson from a U.S. Supreme Court ruling earlier this week on pension payouts is clear for working Americans: Make sure your designated beneficiary forms are updated or your pension and retirement funds may not go to your loved ones.

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Stopping 401(k) Matches: The New No-brainer

01/29/2009 | CFO.com

On a day like Monday, when five big companies reported a total of at least 57,000 layoffs, it was easy to see why CFOs might want to stop providing a match to employees' 401(k) savings. In many cases, it's an easy way to cut a cost worth 2 percent or 3 percent of your payroll without having to give employees more than a week's notice.

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Retirement Blues: Financial Crisis Pulls Billions From Pension Plans, Crimping Consumers’ Dreams and Corporate Profits

01/29/2009 | Money Morning

American workers are postponing long-dreamed-of plans for their Golden Years, opting to work longer than they planned, taking second jobs, downsizing the lifestyles they’ve enjoyed for decades, or even all of the above. As headlines from around the world remind us, this global retirement strategy is more than just government reports or statistics — this crisis has a very human face.

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Companies reduce pay, freeze hiring, cut 401(k)s

01/25/2009 | El Paso Times

The national recession has prompted some companies to cut employee fringe benefits, reduce wages and institute hiring freezes.

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Belk set to freeze pay, cut benefits

01/14/2009 | Charlotte Observer

Belk Inc. plans to curtail executive compensation, freeze salaries and eliminate its contributions to employee retirement accounts for 2009 to help weather the recession, the 121-year-old Charlotte-based department store chain said Tuesday.

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31 companies that have cut or changed their 401(k) match

01/12/2009 | Planning to Retire, US News & World Report blog

401(k) matchless? Join the club. At least 31 major companies have cut or changed their contribution to employee 401(k) accounts since the financial crisis began. Most went into effect on the first of this year. Workers at many of these companies must now fund retirement entirely on their own.

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Your Company's Fund Is Bruised, but Don't Worry

01/11/2009 | Washington Post
Are the weakened pension plans yet another reason to fret about your financial future? If the retirement experts who track the numbers are right, the answer is no. Your pension is most likely still better off than your 401(k) account. More...
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