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Future retirement security

"I am not Margaret Mead" [VIDEO]

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Karen Friedman appears in this video about women and retirement that the Service Employees International Union created for Women's History Month.

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Detroit: Protecting Pensioners is Key to the City

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In one remarkable week in January, we saw the introduction of three proposals to expand retirement savings for the half of the workforce not covered by employer-sponsored plans: President Obama’s <

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Dialed-up employee outcry causes AOL to dial back 401(k) changes

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If you’re an AOL employee who went away for a long weekend you might have missed the hubbub about your 401(k) plan.

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Should I take my pension's lump sum offer?

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I have not started collecting my pension yet. I do not know whether to take a lump sum or take monthly checks from my 25 years of service with a well-known company. What are the risks?

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Motor City Madness

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You’ve probably already heard that a judge has decided to allow the city of Detroit to file for Chapter 9 bankruptcy, which would make the Motor City the largest municipality in the country to do so. The judge also ruled that pensions for the city’s workers and retirees can be cut as part of the bankruptcy process. Not surprisingly, the Pension Rights Center is appalled by this decision.

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Coalition working to expand retirement security for uncovered

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A coalition of large retirement industry players, including the AARP, American Federation of State, County & Municipal Employees, Service Employees International Union and Pension Rights Center, have banded together to find new ways to build retirement security for even the lowest-income workers.

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ERISA at 40 – The past puts pension law in perspective

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The Employee Retirement Income Security Act (“ERISA”), the law governing private retirement plans, has changed quite a bit since it was signed into law in 1974. There have been numerous amendments, court cases, regulatory actions and other developments.

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Pensions ask retirees to pay back tens of thousands

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Some pension plans have overpaid retirees for years -- now they're demanding their money back. For retirees, it can mean owing tens of thousands of dollars. And with little warning, their pension checks are being slashed to cover their debt.
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The War on Pensions Goes Federal

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Congress is expected to take up legislation in the next month that would fundamentally reshape the laws governing multi-employer plans. A soon-to-be-introduced bill could allow the trustees of some financially troubled plans, like the Central States Fund, to slash benefits already promised to current retirees. It’s not yet clear how big those cuts would be.

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Gotbaum Tells Council Lump-Sum Cash-Outs Are Like Cigarettes: Legal but Bad for You

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Joshua Gotbaum, director of the Pension Benefit Guaranty Corporation, told the ERISA Advisory Council Aug. 29 that pension plan lump-sum cashouts to retirees are like cigarettes: They are legal, many people like them and they are bad for you.

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