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GM Seen Fueling Pension Deals as Employers Face Shortfall

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General Motors Co. (GM)’s deal to cut pension obligations by $26 billion and shift plans to Prudential Financial Inc. (PRU) is poised to fuel more transfers as U.S. firms face a retirement-funding shortfall the size of Greece’s debt.

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Lump-sum pension offer a tough call for General Motors, Ford retirees

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Chuck White, 68, regularly tells friends who are Ford salaried retirees that they shouldn't get an ulcer worrying about whether to take a new lump-sum pension offer.

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GM's pension move is a lemon

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Last week, General Motors announced that it will offer 42,000 of its salaried retirees the opportunity to take their lifetime monthly pension benefits as a one-time lump-sum payment.

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Certain Ford Retirees Face Major Pension Decision

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Ford Motor Company is making tens of thousands of white-collar retirees decide whether they want to keep getting their pension in monthly installments, or get a lump sum payout. Ford sees the unprecedented move as a way to reduce the company's liabilities.

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Countering the Retirement Crisis

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To help counter the growing retirement crisis for today's workers, the Pension Benefit Guaranty Corp. has recently begun to spotlight its often-unnoticed mission "to encourage and preserve retirement plans of U.S. companies."

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Should You Accept a Pension Buyout Offer?

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A group of 90,000 former salaried workers at Ford got an interesting offer late last month: In exchange for giving up the right to receive monthly pension benefits for the rest of their lives, the company would instead pay them an up-front lump sum of cash.

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Working Late, by Choice or Not

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A record 7.2 million Americans age 65 and older are working — double the number 15 years ago — partly because many older Americans love to work and partly because many feel too financially squeezed to retire.

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401(k)s are too risky for retirement

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Sharon Edwards of Salem, Oregon, may have to move to Mexico, where the cost of living is cheaper, so she can afford her retirement.

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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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