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Nearly Half of Large Employers Shifting Retirement Saving Burden to Workers

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Boomers and younger workers don’t have much to celebrate in a new report on retirement plan trends among big employers. It shows that 80 percent of companies with more than 1,000 employees offer a defined benefit pension plan, but within five years, that will change. And not for the better.

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Unhappy Fort Worth workers should compare their pensions with corporate America's

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And some companies are exploring other ways of shedding their pension obligations. They call it "de-risking."

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Pension Rights Center asks for moratorium on lump sum and annuity derisking

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The Pension Rights Center wants Congress to impose a moratorium on derisking moves by corporate defined benefit plans, including lump-sum buyouts and annuity contracts, while the impact on retirees is studied.

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Pension advocacy group calls for temporary halt to lump sum buyouts

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Spinning off pension liabilities may help investors, but hurt retirees.

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Pension Rights Center Questions Pension Buy-Outs

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Congress should impose moratorium until policymakers consider risks to plan participants, center says.

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“De-Risking” Pensions Could be Risky to Pensioners

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WASHINGTON -- In the wake of moves by several large companies to “de-risk” their traditional pension plans, the Pension Rights Center is calling for a moratorium on such actions until Congress can look into the risks posed by these strategies to workers and retirees.

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Verizon-Pru deal the latest move to reduce pension liability

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Some 41,000 retired managers of Verizon Communications Inc. soon will be receiving their monthly pension benefit via an annuity payment from Prudential Financial Inc.

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Companies that are offering lump-sum pension buyouts

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One of the most recent developments in the defined benefit pension plan field is the move of employers to offer certain plan participants, especially former employees not yet receiving benefits, the opportunity to convert their future monthly annuity into a cash lump-sum payment.

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Decline in pension plans leaves many Ohioans unprepared

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Fewer Ohio businesses are offering defined-benefit pension plans, as employers attempt to reduce future funding obligations and shift retirement liabilities to workers.

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Delphi retirees gaining ground in fight to restore pensions

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Many of the nation’s 20,000 Delphi salaried retirees believe they are gaining ground in their three-year fight to have their full pensions restored.

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