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Recent WorkPosts

Should Older Workers Have to Pay More for Their Pensions?

Posted on 04/7/2014 by | Legal Grounds | Comments

Bulletin Today | WorkYou’ve undoubtedly heard the advice again and again: If you are close to retirement age, you should max out your contributions to employer-sponsored retirement plans. But requiring older employees to contribute more than younger ones to a pension fund is another matter entirely, a federal appeals court in Baltimore held last week. “Certain older Baltimore County employees were forced to pay more for their pensions than younger co-workers,” David Lopez, the general counsel of the Equal Employment Opportunity Commission, said …

Workers Say Employers Getting Stingy on Pay, Benefits

Posted on 03/26/2014 by | Money and Work | Comments

Bulletin Today | WorkIf the economy’s improving, why do workers say that their employers are getting stingier with pay or benefits, possibly compromising their financial security now and in retirement? In a survey of 5,070 U.S. workers, 76 percent said their company made one change or another in the last two years that weakened their retirement benefits, reduced pay raises, increased out-of-pocket health care costs or premiums, cut back on hours, laid off workers or involved a major restructuring. The survey, conducted by …

Improving Economy? Not for the Long-Term Unemployed

Posted on 03/26/2014 by | Money and Work | Comments

Bulletin Today | WorkWhat’s the outlook for people out of work for at least six months? Longer unemployment. Three Princeton University economists examined the status of people who reported they were unemployed for 27 weeks or more between 2008 and 2012 — and then revisited them 15 months later. Only 11 percent had found steady full-time work one year later while 30 percent were still looking. As many as 35 percent had dropped out of the labor force altogether. Another 24 percent were in …

Lucky Workers Snare More Company Cash for Their 401(k)s

Posted on 03/24/2014 by | Money and Work | Comments

Bulletin Today | WorkRemember when AOL announced recently that it would pay its 401(k) matching contributions to employees in a lump sum at the end of the year, rather than during each pay period, potentially costing employees’ retirement nest eggs thousands of dollars? If workers left in November, they’d lose out on nearly a year’s worth of company contributions. Those who stayed forfeited any gains made throughout the year. The tech company was forced to reverse its policy after an outcry by employees. (Criticism …

Is It a Good Time to Find Work? Most Say No

Posted on 03/21/2014 by | Money and Work | Comments

Bulletin Today | WorkHow do Americans view today’s job market? Apparently not favorably. In a Gallup poll of 1,048 adults in March, more than two-thirds (68 percent) said now is not a good time to find a quality job. Only about 1 in 4 (28 percent) were positive about the odds of landing a position, the highest measure since the start of the economic downturn in January 2008. Older workers were even more pessimistic. Among those ages 50 to 64, about 3 in …

Employers Shift More Health Care Costs to Workers

Posted on 03/7/2014 by | Money and Work | Comments

Bulletin Today | WorkIt’s not that your paycheck feels smaller. It is smaller, thanks to the bigger portion that health care costs are siphoning from your take-home pay. Employers year after year have shifted more of the burden for health insurance costs to workers. And it’s no different for this year. Employees’ premiums rose by nearly 7 percent to $2,975 for 2014, not counting out-of-pocket costs, according to a survey released this week by Towers Watson and the National Business Group on Health, …