Results for "defined benefit plans"
Displaying 92 results
July 8, 2014
So-called pension advance companies are taking advantage of retirees by offering lump-sum payments in return for a piece, or all, of their monthly pension income, according to a Government Accountability Office report. Through undercover investigations,...
June 9, 2014
Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer to replace Liam McGee, who is stepping down after a medical procedure related to a brain tumor. Mr. Swift, the 53-year-old chief financial officer who...
May 29, 2014
Bill Gross swims against the current by betting on shorter-term Treasuries. But bond manager rivals say the 'new neutral' approach is risky and wrong. Pimco Total Return Fund's last ditch effort to stand out BlackRock's Larry Fink says leveraged...
May 26, 2014
Grandma's much-anticipated Arctic cruise becomes a slow drift away on an ice floe. Grandpa mortgages his kidneys to pay for a new heart. Social Security is deader than disco and "IRA" only refers to guys named Ira. That bleak vision is only...
May 13, 2014
Sen. Marco Rubio, R-Fla., on Tuesday called for changes to federal retirement programs that would encourage senior citizens to extend their careers, saying they were a key way to help improve their ability to finance retirement. The Social Security...
October 25, 2009
Providers of 401(k) plans have lambasted a critical article published Oct. 9 in Time magazine denouncing the 401(k) system. In “Why It's Time to Retire the 401(k),” Stephen Gandel argued that the 401(k) system isn't a sufficient vehicle...
August 5, 2009
The median asset levels in 401(k) plans dropped at least 15% from yearend 2007 to mid-June 2009, but the affluent and wealthy saw much heftier losses, according to a report released yesterday. The analysis — by the Washington-based Employee...
May 13, 2009
The slumping economy is causing even state and local government employees, who typically get traditional fully loaded pensions, to hold off on retirement, according to a survey released today. Forty-nine percent of government managers said that...
April 26, 2009
There is a crisis in defined contribution retirement plans. In addition to devastating market losses, employers are ceasing their matches. Many target date funds, designed to protect participants' plan balances as they approach retirement, have...
March 18, 2009
The nation's retirement assets shrank by nearly 25% last year and lost more than $2.4 trillion in market value, according to a new report from Chicago-based Spectrem Group. Total assets held in retirement plans both traditional defined-benefit...
July 1, 2008
ING Groep announced today that it completed the acquisition of CitiStreet LLC, one of the premier retirement plan and benefit service organizations in the United States. The deal makes Hartford, Conn.-based ING Wealth Management, a division...
October 10, 2007
The Pension Protection Act of 2006 has not improved the security of defined benefit pension plans, the chief policy actuary of the Pension Benefit Guaranty Corp. said today. An analysis done by the PBGC found that PPA may not have significantly...
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