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Pension Rights Center

GM Retirees Must Decide Today On Lump Sum Payout

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After presumably agonizing for weeks over whether to keep their lifetime pension benefit or take a one-time lump-sum payment, some 42,000 General Motors retirees are faced with making that critical decision today.

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Why GM retirees should say 'no' to lump-sum payoff option

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Today's Detroit Free Press includes an op-ed from the Pension Rights Center about GM's lump-sum offer to salaried retirees.

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Beware Advice on Lump Sum Offers

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If your pension plan gives you a lump sum option, get two or three opinions before taking the money.

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New law gives US companies a break on pensions

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A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.

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Pension legislation winner: Uncle Sam

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As executives at corporate defined benefit plans figure out whether they gained more than they lost in pension legislation approved by Congress June 29, one clear winner emerges: Uncle Sam.

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State-run pension plans growing for private sector

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Many states are considering implementing a new type of pension plan for private-sector workers that uses the efficiencies of the state run public retirement systems to administer them, according to the Pension Rights Center.

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GM pensions: Not all retirees, officials see offer as a 'win-win'

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General Motors Co.’s pension buyout offer to white-collar retirees isn’t necessarily the “win-win” situation executives made it out to be, according to some retirees and officials.

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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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Looming election slams brakes on fiduciary regs

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DOL and SEC likely will delay any moves until after Nov. vote

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Olan Mills Inc. left pension $41 million shy

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Olan Mills Inc. was one of Chattanooga's biggest successes, going from a woodshed darkroom 80 years ago to a multimillion-dollar network that became the nation's largest family portrait company.

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