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PBGC: Deficit Swells, Service Continues As Bankruptcies Rise

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An obscure federal agency tasked with protecting the pensions of employees at bankrupt companies has managed to maintain high-quality services under difficult economic conditions.

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Is your pension plan having a religious conversion? Here's what you can do.

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Have you received a notice informing you that your pension plan is seeking approval from the Internal Revenue Service to convert to a “church plan”?  Here’s what this means to your retirement – and what you can do about it.

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Filing Puts Pension Benefits at Risk

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The parent of American Airlines had been trying to renegotiate pay and work rules for pilots in the weeks before Tuesday's Chapter 11 bankruptcy filing. Now, pension benefits could be at risk.

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PBGC raises maximum annual benefit to nearly $56,000

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The Pension Benefit Guaranty Corp. announced Wednesday that the maximum benefit retirees can receive from the agency will increase by $2,000 in 2012, to $55,841.

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Audit Finds Errors in Calculating Pensions in Bankruptcies

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The federal agency that takes over failing pension plans in corporate bankruptcies has made errors in calculating benefits, according to an audit released Wednesday, raising the possibility that some retirees have been getting too much or too little.

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Underfunding is a constant worry as stocks dive, rates dive low

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The roller-coaster stock market and rock-bottom interest rates have buffeted the funding levels of most corporate pension plans in recent months, experts say.

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"Retirement Heist: Overlooked Causes of the Retirement Crisis."

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On Monday, the Pension Rights Center, the New America Foundation, and AARP hosted a discussion, "Retirement Heist: Overlooked Causes of the Retirement Crisis." The forum centered on investigative journalist Ellen Schultz’s new book, Retirement Heist, which we’ve mentioned before. Speakers included the author herself, Assistant Labor Secretary Phyllis Borzi, David Certner of AARP, Don Fuerst of the American Academy of Actuaries, Michael Calabrese of the New America Foundation, and our own director, Karen Ferguson

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How You Can Protect Your Pension Benefits

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Reports of the death of the traditional pension, as with concerns about Social Security, have been greatly exaggerated, to borrow Mark Twain's famous phrase.

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Milwaukee archdiocese pension funds fall short

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Three pension funds operated by the Archdiocese of Milwaukee for priests, lay employees and unionized cemetery workers have unfunded liabilities totaling $41.8 million, according to documents filed as part of the archdiocese's bankruptcy proceedings.

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Analysis: Pension woes are complicating retirement

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Deteriorating conditions in the pension system are jeopardizing the lump sum payouts workers count on, and pushing some workers to retire ahead of schedule.

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