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Retirement plan shift is creating a generation of workers unable to retire

News Item

Large U.S. employers continue to eliminate traditional pension plans that pay retired workers a monthly lifetime pension in favor of defined contribution and hybrid plans that offer lump-sum payments at retirement, according to a recent survey HR consulting firm Towers Watson.

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Young workers’ retirement hopes grow bleaker amid economic downturn

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The economic downturn is pressing more employers to reduce pension benefits and significantly delaying when people launch their careers, darkening the already bleak picture that young workers face in saving for retirement.

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Can we call it a comeback...for DB plans?

Blog entry

I hope so. According to a newly-released Towers Watson survey, it looks like defined benefit pension plans are making a comeback – especially among younger workers. 

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Have seniors gotten rich at the expense of young adults?

Blog entry

You might think so if you read some recent stories in the news about wealth differences among generations. But you may want to think again.

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Young people more likely to retire in poverty, according to study

News Item

Approximately half of California workers will retire in or near poverty, according to a study published Monday by the UC Berkeley Center for Labor Research and Education.

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Brad Pitt and Angelina Jolie to adopt more children, but only if pension reform passes

Blog entry

Today Brad Pitt and Angelina Jolie announced that they were committed to working toward a new universal pension system to ensure that all Americans - and particularly their six children - would be able to retire with dignity. More...

How do you get young people thinking about pensions?

Blog entry
Investment & Pensions Europe reports on a Swedish company’s efforts to address this perennial question.  They ran a multi-media ad campaign that was creative enough to win an international advertising award.  (An explanation of the campaign that was prepared for the competition was posted on YouTube and can be viewed here.) More...
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