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Pension Rights Center

Qualified Longevity Annuity Contract Rules Should Allow More Options, Commenters Say

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A Treasury Department proposal to expand retirement income options is on the right track, but it requires some revisions to achieve the objectives
outlined in the proposed regulation (REG-115809-11), a variety of interest groups said in public comment letters posted May 4.

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The retirement savings crisis

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The state of retirement savings in America is in big trouble. According to Fidelity Investments, the average 401(k) balance among its 11.8 million accounts increased to $74,600 at the end of the first quarter 2012, a 62 percent increase since the end of the first quarter 2009. While it's good news that balances are up, the number of accounts is alarmingly low for such an industry giant.

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Organizations Urge Protections for Women in Lifetime Retirement Income Options

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Eight national women’s organizations and the Pension Rights Center submitted comments to the Department of the Treasury, generally supporting proposed IRS rules aimed at encouraging lifetime income options in retirement plans.

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Defined benefits are being re-imagined

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Traditional pensions are struggling for many reasons: low investment returns, too-generous benefits, and the happy fact that people are living longer than expected.

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Point Man on Pensions

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Josh Gotbaum scored a coup last month for the obscure-but-important federal agency he runs when American Airlines parent AMR Corp. reversed plans to dump its underfunded pension plans on the Pension Benefit Guaranty Corp.

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Think Paperless is the Way to Go? When It Comes to Financial Disclosure, Not Always, Says Coalition

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A group of labor, women’s, minority, and consumer organizations, representing millions of Americans, sent a letter to the Department of Labor (DoL) today, strongly supporting the Department’s current rules regarding how participants receive critical

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A New Chapter of Pension Plan Woes

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Pensions used to be a reliable stream of retirement income, but these twists and turns could put a pension benefit in jeopardy.

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Keeping Track of Your Retirement Investments

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Employees are transient. Look at your own life: Even if you’re in your 20s or early 30s, it’s possible you’ve already worked with several different employers. One report from the Bureau of Labor Statistics stated that the boomer group studied held an average of 11 jobs while they were between the ages of 18 and 44.

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Employees to Employers: Help Us Retire

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After years, if not decades, of reports that U.S. employees don’t save enough for retirement, along comes a new study that appears to show that the minds of American workers have changed: They are now ready to save for retirement and willing to sacrifice to do so — or at least half of them are.

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A New Life for Pension Plans

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Bucking the 401(k) trend, one union moves to a new type of defined-benefit plan in which employers and employees share the risk.

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