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Latest Retirement plans in the United States Stories

2014-03-06 16:20:23

Move continues delivering market-leading retirement benefits while strengthening competitiveness CHICAGO, March 6, 2014 /PRNewswire/ -- Boeing [NYSE: BA] today provided advance notice to nonunion employees participating in the company's defined benefit pension plans that they will transition in 2016 to a company-funded defined contribution retirement savings plan. Beginning Jan. 1, 2016, Boeing will make cash contributions each pay period to employees' retirement savings through a new defined...

2013-10-01 15:32:21

Americans should contribute at higher levels during economic downturn As the oldest of the baby boomers begin to reach retirement age, a large percentage of Americans are thinking more and more about how much money they must save to be able to retire comfortably. Also, more and more employers are changing retirement benefits from defined-benefit plans, which guarantee some level of retirement income, to defined-contribution plans, which require employees to invest on their own for...

2010-06-16 17:44:00

ARLINGTON, Va., June 16 /PRNewswire-USNewswire/ -- IRAs are no longer the simple retirement vehicle they were intended to be. And with more retirement assets held in IRAs than in 401(k) or pension plans, there is an ever-increasing focus on alternative uses for IRAs and IRA assets - from starting businesses to investing in vacation assets. While some uses may be permissible, many other uses may result in significant legal liability for an IRA owner. (Logo:...

2009-12-17 10:00:00

WASHINGTON, Dec. 17 /PRNewswire-FirstCall/ -- The number of employers planning to offer annuities to participants in their 401(k) plans is expected to grow as companies look for ways to provide workers with a steady distribution of benefits during retirement, according to a survey by Watson Wyatt, a leading global consulting firm. This finding comes on the heels of an announcement by the Department of Labor in early December that it will explore steps it can take to encourage employers to...

2009-09-17 11:44:00

WASHINGTON, Sept. 17 /PRNewswire-USNewswire/ -- The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) today announced a proposed exemption that, if granted, would allow the General Motors Co. (GM) to transfer company securities including common stock, preferred stock and a $2.5 billion promissory note, to a health plan established for the company's retirees. The retiree health plan will cover approximately 700,000 retirees and dependents when it becomes effective...

2009-09-01 09:12:00

WASHINGTON, Sept. 1 /PRNewswire-FirstCall/ -- Despite recent events in the economy, a majority of workers are satisfied with their current employer-sponsored retirement benefits. In particular, many place a high value on plans that offer security and flexibility, according to a survey by Watson Wyatt, a leading global consulting firm. The survey found that 54 percent of employees are satisfied with their company's retirement program. Findings also show that employees are using company...

2008-11-13 15:00:19

WASHINGTON, Nov. 13 /PRNewswire-FirstCall/ -- As Congress searches for solutions to the economic crisis, it should not overlook the impact on pension plans - and the millions of American workers covered by them, according to experts at Watson Wyatt, a leading global consulting firm. If nothing is done to provide funding relief, many defined benefit plans could be frozen, placing participants at additional financial risk. "No one could have predicted the disruption that has occurred in our...

2008-11-07 06:00:15

By Kathy Chu As the volatile stock market eats away at the assets of public pension funds, states are moving aggressively to mitigate their losses. Some states are raising the amount that employers and employees contribute to traditional pensions, which guarantee a set monthly payment -- based on employees' salary and job tenure -- in retirement. Others are freezing benefits or scaling back cost-of-living adjustments. The moves come amid states' ballooning budget deficits. Pensions'...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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