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Future retirement security

The latest on American Airlines

Blog entry

Most American Airlines employees can breathe a sigh of relief (sort of), now that the company has announced that it would not seek to terminate three out of four of its pension plans as part of its bankruptcy reorganization. Rather, the company will freeze those plans, meaning that employees will stop earning benefits after a certain date.

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Don't ignore retirement insecurity

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When American Airlines went into bankruptcy in November, our phones started ringing. I'm with the federal Pension Benefit Guaranty Corp. We insure private pensions, and American told its 130,000 employees that they would lose theirs. They called us to ask what would happen: What would they get when they retire?

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After the Storm, the Little Nest Eggs That Couldn’t

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In many ways, things are looking up for America’s economy. After several years of roller-coaster-ish volatility, the Dow Jones industrial average has climbed to its highest level since the 2008 financial crisis. Economic growth, though not robust, has been gathering steam, and the unemployment rate has been inching downward, although fitfully.

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Pension Reformers Should Not Promise Freedom From Fiduciary Duties, Borzi Says

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The success of private pension reform will depend on whether proponents can offer models that are more attractive to employers than those available within the current system of private pensions and retirement savings, a senior Department of Labor official said Feb. 22 at a pension event focused on innovation.

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Innovative Defined Benefit Plans Could Be Key to Retirement Security, Speakers Say

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Pension plans can play a key role in establishing retirement systems that reduce risk and provide lifetime income options for participants, speakers said Feb. 22 at a conference on innovative pension plan design.

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Private pensions in crisis: Where do we go from here?

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Private pension downfalls of recent years aren’t only plaguing private companies and employees, but the federal government, prompting a group of retirement policy experts to gather in Washington, D.C. yesterday to discuss possible solutions, including re-imagining what the defined benefit plan could look like.

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Conference Proposes New Pension Options

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Forum Examines New Retirement Plans to Reduce Risk and Increase Retirement Income

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Cracking Open Today's Retirement Strategies

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The days when workers could count on a comfortable retirement after a lifetime of company devotion are a distant memory for most. Public pension funds across the country teeter on the edge of collapse, and the traditional company pensions that sustained previous generations through their golden years are fading into the sunset.

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The problem with Mitt Romney's IRA

Blog entry

In the last few weeks Mitt Romney’s Individual Retirement Account has come under intense scrutiny because of the amount of money he has stashed away in it.The Wall Street Journal estimates the value of Romney’s IRA to be somewhere between a whopping $20 million and a staggering $101.6 million.

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Retiree benefit cuts a given; which ones?

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Retiree benefits aren't as secure as they used to be, as auto and airline workers and others have learned in recent years.

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