accountNEW YORK, Jan 6 (Reuters) - The U.S. Pension Benefit Guaranty Corp said on Wednesday it has taken over responsibility...
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CORPORATE PENSION CRISIS
The U.S. is going through a corporate pension crisis. Of the roughly $2.3 billion in U.S. corporate pension plans, roughly $500 billion sits in so-called frozen pensions that cap their benefits and or no longer accept new employees or contributions. And amid the market rout, pension funds are increasingly running huge deficits that will require companies to dip into their profits to make up that funding gap. Companies are searching for creative solutions to those problems.
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Plan aimed at minimising any direct redundancies.
By Genevieve Cua Concern over the adequacy of their employees' retirement savings is driving a number of employers here...
The newspaper industry is confronting what the auto industry and others have come to learn – allowing your pension...
The collapse of Heller Ehrman is like the Energizer Bunny. The legal issues it raises just keep on going and going and...
Kelly McParland: Attacking pensions at the Globe and ... demands is to switch the company pension from a
Governments must continue reforms to ensure that public and private retirement income provision is socially as well as...
Den Black, a retired General Motors Corp. engineering executive, says he's worried and angry.
...that assumes payments for legally terminated corporate pension plans. ... and creditors' rights at legal firm...
Burnes in January announced plans to ... benefit at four times the average state pension. Amendment supporters, noting...
...is also killing pension funds. USA Today reports that "The nation's 100 largest corporate pension plans were...
Funding levels of U.S. corporate pension plans plunged $445B in 2008, reaching historically low levels, as drops in the...
If you are in a money purchase pension scheme then you and your employer are simply putting money into a bucket that...
Motorola will also be freezing its pension plans on March 1, 2009. The move is expected to help preserve Motorola’s...
Companies start implementing the early stages of the Pension Protection Act of 2006 ( PPA) at what is quite feasibly,...
...rates to generate $2.5 million to offset losses in its pension fund.
Large corporate pension plans have lost at least $100 billion of their funded status through mid-October, according to...
Excerpt: "Company pensions that went into 2008 in good shape may go into 2009 with what could be their largest...
Professionals' pensions at issue with new law. East Brunswick Sentinel, USA - The state recently enactedwhat is called...
By Steve Bee LONDON (Citywire) - When employees are members of a final salary (aka defined benefit) occupational...
A pension law enacted 30 years ago could figure in the public corruption prosecutions involving several members of the...
Top Sources: Corporate Pension Crisis
- ftalphaville.ft.com
- credittrends.com
- This is Money | Pensions
- IAM News Latest Updates
- Kansas City Star: Business
- News from People Management
- pensionrights.org
- Retirement Radar
- The Green Bay Press-Gazette Latest Headlines
- This is Money | News
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