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Does California's Secure Choice Retirement Have Staying Power?

09/05/2016 | Institutional Investor

A large swath of the nearly 7 million Californians working in the private sector without access to a retirement plan will soon be able to sign up for one. Or, to be more accurate, they will be automatically enrolled with the right to opt out of the new Secure Choice Retirement Savings Program. 

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DuPont pension choice: 'The company has scared everybody'

08/29/2016 | Philadelphia Inquirer

The DuPont Co. has told 18,000 former workers they have from Sept. 12 until Oct. 21 to trade their future pensions -- for up-front cash, or for an earlier but smaller monthly annuity -- instead of waiting until they reach retirement age to collect traditional pension checks.

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Uber drivers' new option: Start a retirement account through the app

08/24/2016 | Los Angeles Times

Uber has a new tool in its arsenal to attract and retain drivers: retirement savings accounts. The San Francisco ride-hailing company announced Wednesday that it teamed up with automated investor service Betterment to offer its drivers a way to set up retirement accounts through the ride-hailing app.

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Ten Years After, the Pension Protection Act Falls Short of Promises

08/17/2016 | Institutional Investor

Ten years ago today, President George W. Bush signed into law the Pension Protection Act of 2006. It was the largest, most comprehensive U.S. pension reform bill since the mother of them all, the Employee Retirement Income Security Act of 1974.

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Crowdfunding Emerging as Power to the People Pension Tool

08/16/2016 | Pension & Benefits Daily

Crowdfunding is emerging as a creative and powerful tool that pension plan participants and retirees can use to independently investigate their plans.

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Guest Column: Pension fund of precipice of destruction

08/14/2016 | St. Augustine Record

Few people realize a pension crisis is looming. It’s the aftershock of the 2008 market collapse. Pension funds managed by unscrupulous Wall Street Banks held the worthless real estate investments that took the markets down further than most of us had previously seen in our lifetimes. More...

No Worker Left Behind

08/12/2016 | PlanSponsor

“You could argue that the 401(k) system works for many people,” says Karen Friedman, executive vice president and policy director at the Pension Rights Center in Washington, D.C. “But you also could argue that it has failed many people.”

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Trade group trying to kill bill making state-run retirement accounts a worker benefit

08/09/2016 | Los Angeles Times

An investment industry trade group is trying to kill a California bill that would make retirement savings accounts an almost universal benefit for workers in the state, saying that plan will be more expensive than lawmakers anticipate and could ultimately cost taxpayers.

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Unforeseen consequences one legacy of the Pension Protection Act

08/08/2016 | Pensions & Investments

Like many pension-related laws, the Pension Protection Act that passed a decade ago was designed to address a crisis. At the time, underfunded pension plans were threatening the financial stability of the Pension Benefit Guaranty Corp. More...

Multiemployer Pension Resubmits Rescue Plan to Treasury

08/08/2016 | BNA Pension & Benefits Daily

An Iron Workers local pension fund has withdrawn and resubmitted its application for benefit suspension approval from the Treasury Department, restarting the clock on the department’s review.

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