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Pension Rights Center

401(k) savings proposal gets cold shoulder from panel

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A proposal to replace the current tax deductions for 401(k) plans and IRAs with a flat tax credit got a chilly reception before the Senate Finance Committee on Thursday as panel members and pension experts defended the plans and the incentives for employers to provide them.

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Senate Panel Hears Sharp Disagreement on Improving Retirement Savings

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Proposals ranged from substantial changes in the current system to adjustments that would not alter it drastically

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Baucus Urges Minimizing Costs in Retirement Savings Proposals

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Proposals seeking to increase workers’ retirement savings by making adjustments to the U.S. tax code should weigh the costs of such shifts, Senate Finance Committee Chairman Max Baucus said in a hearing held by the panel in Washington.

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401(k) break at risk as policymakers mull retirement shift

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U.S. retirement programs could look different if a grand deficit-cutting bargain is struck in upcoming negotiations.

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Firms May Drop IRA Savers on Rule Change

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The Labor Department wants to expand the scope of fiduciary responsibility to protect those saving for retirement from conflicts of interest, such as recommending investments with higher fees. The rule would require investment professionals who advise employers and workers with retirement savings plans such as 401(k)s or IRAs to act in the best interest of their clients.

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DOL fiduciary ruling being postponed yet again

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The delivery date for a new definition of “fiduciary” is slipping into 2012, as officials at the Department of Labor prepare more detailed economic analysis to address industry concerns.

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Pension detectives help pin down retirement benefits

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For 12 years, Joanne Parke was an auto delivery driver and yard foreman, helping shuttle hundreds of new Volkswagens, Porsches and Audis from the Port of Oakland. But 25 years later, when she applied for her Teamsters union pension, no one had heard of her.

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Read your pension’s paperwork

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The U.S. Supreme Court made one thing clear in yesterday's Amara v. Cigna decision: Employees are on their own to understand what their pension paperwork actually says.

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How to Protect Your Corporate Benefits

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It is no secret that corporations, over the last 20 years or so, have been reducing or eliminating corporate benefits such as pensions and health care. Corporations have the right to determine employee benefits. However, it is important for employees to take proper steps to protect the benefits they are entitled to.

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When Benefits Bite Back

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The Supreme Court is set to answer a question with huge implications for workers: Are employers' promises of benefits such as pension payments and health-care insurance worth the paper they are written on?

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