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Future retirement security

Think the government is after your 401(k)? Think again.

Blog entry

Have you heard that the government is planning to seize your 401(k) and use the money to send monkeys to Mars? Well, we haven't heard about the monkey part, but some people are making the claim that the government is gunning for workers' 401(k)s. More...

Social Security matters to America's budget - Don't cut it!

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Over the last few months you've probably heard reports about the president's fiscal commission. Word around town is that this secretive commission, with its stated goal of reducing the federal deficit, is seriously considering cuts to Social Security. More...

Billionaires for Retirement INsecurity

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Yesterday I joined friends from Social Security Works, OWL - The Voice of Midlife and Older Women, Social Security Matters, the Alliance for Retired Americans, the Economic Policy Institute, and others outside of the Ronald Reagan Building and International Trade Center as Pete Peterson (you know him, he's the one who is trying to scare everyone into thinking that Social Security is on its last legs - don't worry, it isn't) hosted a closed-door meeting of millionaires and billionaires, at which cutting Social Security was a primary point of discussion.  More...

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

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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...

Workers and Retirees Lose Pensions - and Take Action!

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On New Year's Eve, current and retired employees of Augsburg Fortress, the publishing arm of the Evangelical Lutheran Church in America, learned that their traditional defined benefit pension plan would be terminated and that they could lose a substantial portion of their benefits as a result of the termination.  More...

When is a participant not a participant?

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As I was reading the most recent edition of the Private Pension Plan Bulletin Abstract of 2007 Form 5500 Annual Reports [PDF], published by the Labor Department's Employee Benefits Security Administration, I noticed something rather odd in one of the footnotes.  More...

Military retirement for the 21st century

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A few months ago we posted a blog entry about a letter [PDF] we wrote opposing a bill in the Oklahoma state legislature that would limit the ability of former spouses to receive an award of military retirement pay in a divorce settlement. The blog entry received a number of comments - several disagreeing with our position. More...

TIME Magazine says, “Time to Retire the 401(k)”

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With the provocative title, “Time to Retire the 401(k),” the cover story of today’s issue of TIME is a must-read. The article provides a stinging indictment of the do-it-yourself savings plan that has come to dominate our patchwork retirement system. More...

As ERISA celebrates its 35th anniversary it is clear that there is still more to do

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Labor Day marks the 35th anniversary of a law hailed by its principal sponsor Senator Jacob Javits as "the greatest development in the life of the American worker since Social Security." Thanks to the Employee Retirement Income Security Act of 1974, millions of retirees are receiving the secure lifetime pensions that are making it possible for them to live comfortably in retirement. More...

Relighting the match

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Last week Zep Inc. announced plans to reinstate its 401(k) matching contributions.  This move comes six months after the company suspended its match and cut executive pay to reduce costs.  At the time, Zep's CEO said that restoring the match would be the top priority when the company returned to profitability.  Currently, Zep is restoring its match to half the level it was before the suspension, but the company expects to fully restore the match by January. More...

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