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Latest Pension Stories

2014-07-24 12:32:46

Supports greater planning and saving; helps investors understand how their account balance translates to retirement income WINDSOR, Conn., July 24, 2014 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA), which has rebranded from ING U.S., announced today that its Retirement Solutions business has launched an innovative, online experience that transforms the way the company's more than 5 million retirement plan customers will manage, engage and interact with their account. To view...

2014-07-17 16:26:05

Cost containment, talent acquisition two biggest challenges cited by respondents ITASCA, Ill., July 17, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co.'s 2(nd) annual Benefits Strategy & Benchmarking Survey reveals that employers continue to see rising benefit costs in 2014. In excess of 1,800 U.S.-based organizations participated in the survey spanning a wide range of industries, geographic regions, and employer sizes and types. The majority of participants (61 percent) have more than...

2014-07-16 08:21:20

VAN BUREN TOWNSHIP, Mich., July 16, 2014 /PRNewswire/ -- Visteon Corporation (NYSE:VC) today announced that it has entered into an agreement to transfer certain U.S. pension assets to Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU), to settle approximately $350 million of Visteon's $1.1 billion in outstanding U.S. pension obligations. http://photos.prnewswire.com/prnvar/20001201/DEF008LOGO Under the agreement, the Visteon Pension Plan...

2014-07-09 12:25:52

TORONTO, July 9, 2014 /CNW/ - Canadian governments need to move beyond defined-benefit (DB) versus defined-contribution (DC) pension model debates, and towards a middle-ground option that incorporates attributes of both designs, according to a report from the C.D. Howe Institute. In "Target-Benefit Plans in Canada - An Innovation Worth Expanding," authors Mel Bartlett, Angela Mazerolle, and Jana Steele call for the changing of pension standards legislation to accommodate single-employer...

2014-07-08 08:32:15

Healthcare retirement plan sponsors seek to empower employees to take an active role in their retirement planning HARRISON, New York, July 8, 2014 /PRNewswire/ -- Transamerica Retirement Solutions today announced the release of its report on Retirement Plan Trends in Today's Healthcare Market - 2014. The report, produced in partnership with the American Hospital Association, examines trends that impact defined contribution and defined benefit plans in the not-for-profit...

2014-07-01 08:22:02

Introduces Enhanced Company Contributions to Retirement Program BETHESDA, Md., July 1, 2014 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) announced today that it will freeze its salaried defined benefit pension plan and transition employees to an enhanced defined contribution retirement plan. The change will take effect in a two-step approach, beginning on January 1, 2016 with the freeze of pay-based benefits and concluding with the freeze of service-based benefits on January 1, 2020....

2014-06-27 20:21:38

CHICAGO, June 27, 2014 /PRNewswire/ -- The Chicago Teachers' Pension Fund (CTPF) received more than $585 million earlier today, completing the $612.5 million required contribution from the Chicago Board of Education (BOE) for the 2014 fiscal year. "This is an important step. This payment marks the first time since 2010 that the BOE has made a full payment of its pension obligation," said Jay C. Rehak, CTPF president of the board of trustees and interim executive director. "Our...

2014-06-23 23:04:24

This recent article presents the pros and cons of a 401(k) plan and its value to your retirement New York, NY (PRWEB) June 23, 2014 Many Americans face a myriad of options when planning for retirement. For many it’s difficult to distinguish between the different and confusing sounding programs. With names like IRA to SEP IRAs to Roth IRAs and now 401k plans many are not sure how to structure their planning. In this article IraSuccess.com reviews how 401(k) plans can provide the...

2014-06-17 23:16:06

IntelliQuote, a celebrated online life insurance agency, is helping a growing population of consumers looking to bridge gaps in retirement savings through life insurance protection. El Dorado Hills, Calif. (PRWEB) June 17, 2014 IntelliQuote, a top rated online life insurance agency, is catering to a growing number of consumers who are struggling to reach their retirement savings goals. The push to serve this emerging market segment comes on the heels of a study recently released from the...

2014-06-05 12:27:50

WASHINGTON, June 5, 2014 /PRNewswire-USNewswire/ -- The Center for State and Local Government Excellence 2014 report of state and local government pension funding finds that many plans are still recovering from the effects of the 2008 economic downturn. Written by Alicia H. Munnell, Jean-Pierre Aubry, and Mark Carafelli of the Center for Retirement Research at Boston College, The Funding of State and Local Pensions 2013-2017 surveyed 114 state and 36 local plans. Its key findings include:...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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