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Future retirement security

Recommended Reading

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In the uproar over the million-dollar bonuses given to AIG executives, AIG's defenders claimed that the company was forced to give out these bonuses because of contracts it signed with the executives.  In Sunday's St. Petersburg Times, columnist Robyn Blumner uses AIG and United Airlines to make a terrific point about the disgraceful inequities in bankruptcy laws that give rank-and-file workers' pensions the shaft, while executives can still walk away with millions.  Give it a read. More...

How does your 401(k) measure up (or fall short)?

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In the current economic climate, few of us want to open our 401(k) statements.  As we've written in the past, the faltering stock market, combined with employers eliminating their 401(k) matching contributions, has made retirement security quite a gamble.  But if you are one of the brave, a new tool can help you find out how your 401(k) measures up to 401(k) plans at other companies. More...

Stop scapegoating public workers

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Since the beginning of the economic downturn we've seen a lot of stories in the news about the decline in the funding status of pension plans.  Given that pension plans are heavily invested in the stock market, real estate and other assets that have lost significant value in the economic downturn, it would follow suit that the funding levels in these plans have also decreased. More...

The Office gets a 401(k) reality check

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It isn't uncommon to hear people comparing NBC's hit television show, The Office, to their own workplaces.  Many of the events on the show mirror what happens in offices across the country.  But for many people last night's episode hit a little too close to home. More...

An Exciting Day for PRC

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The Pension Rights Center had a very exciting day on Tuesday as we joined with three other groups to unveil a new initiative called Retirement USA. Together with the Economic Policy Institute, National Committee to Preserve Social Security and Medicare, and Service Employees International Union, we presented principles that would provide the basis for a new universal, secure, and adequate retirement system in addition to Social Security. More...

The Big 100: A somber milestone

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Earlier this week, the Pension Rights Center's list of companies that have suspended their 401(k) matching contributions reached 100. More...

The test of time

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In my work here at the Pension Rights Center, one of my responsibilities is to update the list of companies that have suspended matching 401(k) contributions. This week I've had to add more than 15 companies to this list. Even worse, some of these companies are suspending matching 401(k) contributions and freezing their traditional pensions, leaving more and more workers out in the cold. More...

Taking a few steps back

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A new report from the Congressional Research Service shows that we still have a long way to go when it comes to ensuring that American workers are covered by workplace retirement plans.

In fact, we've taken a few steps back. More...

Leveling the playing field

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Today, President Obama signed three executive orders aimed at "leveling the playing field" for workers and the labor movement.  We at the Pension Rights Center have a few ideas of our own on how President Obama can level the playing field when it comes to the nation's retirement income system. More...

A history of pensions in six minutes

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The two stars of this entertaining video give us their unique - and accurate - take on the history of pensions and what led companies to ask for pension funding relief in the financial bailout. More...

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