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There’s a retirement crisis in America where most will be unable to afford a ‘solid life’

04/01/2019 | CNBC

It's financial literacy month, do you know where your retirement is?

CNBC Chairman Mark Hoffman rings the NASDAQ opening bell today to kick off the special month, created in 2003 to teach Americans how to establish and maintain healthy financial habits.

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Barry’s Pickings: Retiree Lump Sums—a (Non-Hysterical) User’s Guide

04/01/2019 | PlanSponsor

There has been significant coverage of IRS’s recent Notice announcing that it no longer intends to amend required minimum distribution (RMD) regulations to prohibit defined benefit (DB) plans from paying lump sums to retirees.

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Finding your lost retirement money

03/27/2019 | AP via ExpressNews

No one wants to lose money, particularly for retirement. But it happens — people lose track of, or don’t know they have, retirement accounts.

 

 

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It just became easier for employers to dump retirees' pensions

03/20/2019 | CNN Business

Traditional pensions are disappearing in America, and the federal government just made it easier for employers to get rid of them. With no fanfare in early March, the Treasury Department issued a notice that allows employers to buy out current retirees from their pensions with a one-time lump sum payment. More...

Treasury Department OKs More Lump-Sum Pension Payments

03/20/2019 | AARP

A recent change to pension guidance makes it easier for companies to buy out a retiree’s lifetime annuity payment with one lump-sum payment, a switch that could hurt the long-term financial security of many older Americans.

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Portman bill protects pension benefits by expanding voting rights

03/19/2019 | The Ripon Advance

U.S. Sen. Rob Portman (R-OH) on March 14 sponsored a bipartisan bill to protect multiemployer pension payments by allowing workers and retirees to also vote on pending potential benefit cuts.

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Northwestern University Fights Retirement Plan Suit in 7th Cir.

03/18/2019 | Bloomberg Law

Northwestern University defended its retirement plans from a challenge brought by employees, saying the plans are designed to meet the needs of investors with different levels of sophistication and retirement planning objectives.

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Legislation giving participants more say in MPRA benefit cuts reintroduced in Senate

03/15/2019 | Pensions & Investments

Bipartisan legislation giving participants of struggling multiemployer pension funds more of a voice when benefit reductions are being considered was reintroduced Friday in the Senate.

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Trump Treasury Backtracks On Lump-Sum Pension Rules Meant To Protect Retirees

03/07/2019 | Forbes

The Treasury Department told off employers back in 2015: Lump-sum pension buyouts for retirees already in payout status are a no-no. More...

Braun proposes end to congressional pension

02/13/2019 | The Journal Gazette

Freshman U.S. Sen. Mike Braun announced Tuesday he has introduced legislation that would eliminate congressional pensions.

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