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Pension tension in store

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Two companies controlled by the daughters of the late millionaire owner of Spag’s Supply Inc. have filed for bankruptcy with $6.1 million-plus in unfunded pension liabilities for 400 former employees of the defunct no-frills discount store.

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How to find a lost pension

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When Frank Marroquin retired last year, he expected to live on his monthly $1,660 Social Security check, but then he remembered he was eligible for a pension from a former employer.

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Energy Future Holdings to terminate employee pension plan

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Energy Future Holdings said Tuesday that it will terminate pension plans for many of its employees, offering them lump-sum payments or annuities rather than a promise of future benefits.

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Lump-sum opinions are everywhere

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Everyone from daughters-in-law to cousins to former co-workers has an opinion on whether salaried retirees at Ford and General Motors should give up a steady pension check if they're offered a sizable lump sum.

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Pension or buyout? GM retirees make the tough call

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Is it better for existing retirees to convert their pension to an annuity or to take a lump sum payout?

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Decision time nears for GM, Ford retirees on lump sum offer

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Put a pile of money on the table before thousands of retirees from two major carmakers. Will they grab it? Or do they skip it and stick with their regular monthly check?

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New law gives US companies a break on pensions

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A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.

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Pension legislation winner: Uncle Sam

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As executives at corporate defined benefit plans figure out whether they gained more than they lost in pension legislation approved by Congress June 29, one clear winner emerges: Uncle Sam.

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Pension legislation does not go far enough: PBGC director

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Legislation that will sharply increase premiums that employers with defined benefit pension plans pay the Pension Benefit Guaranty Corp. didn't go far enough, PBGC Director Joshua Gotbaum says.

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