Month: July 2014
Accounting mistakes can squeeze pension benefits
An article in the Pittsburgh Post-Gazette details the problem of recoupment — when a pension plan demand repayment of money that it overpaid to a retiree — and highlights the work of the Mid-America Pension Rights Project.
Betting on Getting to 80: Draw $40,000 a Year Forever, If You Don’t Die First
Sharon Carson admits she just did something strange. At 49, she wrote a check to an insurance company for a product that won’t give her any financial benefit until she’s in her 80s.
Lockheed to freeze pension plan
Lockheed Martin will freeze its defined benefit pension plan and transition its employees to a defined contribution plan, the Maryland-based aerospace giant said today.
