Should Older Workers Have to Pay More for Their Pensions?

You’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 …

Some Lucky Workers Getting More Company Cash in Their 401(k)s

Remember 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 …

Who’s Feeling Better About Retirement?

Last year’s rising stocks and recovering real estate market appear to have increased workers’ retirement confidence as well. According to an annual survey of 1,000 workers by the Employee Benefit Research Institute, 18 percent say they were very confident they’d be able to retire comfortably. That may not seem like much, but it’s a 5 percentage-point jump from a year earlier. Jack VanDerhei, EBRI’s research director and an author of the study, says the rise in confidence was among those …

Does Congress Need Some Divine Intervention?

If YouTube and Facebook had an “Amen” button, Americans fed up with the government shutdown would probably be weighing in about this video of Senate Chaplain Barry C. Black, pointing out lawmakers’ hypocrisy, unreasonableness, smugness and selfishness - all in one tidy prayer. There are plenty of furloughed federal workers, vacationers kept from shuttered parks and Social Security beneficiaries worried about having their checks stopped who would love to give lawmakers a piece of their mind about the political impasse over …

Say What? You’re Bringing Mom and Dad to the Job Interview?

Ok, so maybe some of us baby boomers deserve the “helicopter parents” label for the way we hover over our kids. Still, I can’t imagine accompanying my bearded 20-something son on a job interview. I may be in the minority here because taking Mom and Dad on job searches and to interviews appears to be a weird new trend. According to a 2012 survey of more than 500 college graduates, 8 percent said they had a parent go with them …

Dear Abby Weighs In on Older Workers Debate

The debate over older workers staying on the job longer, and crowding out younger employees, won’t go away. In a recent Dear Abby column, “Disgusted in Columbus, Ohio,” blasted older workers for hanging onto their jobs “so they can live lavish lifestyles” at the expense of younger workers who don’t advance in the workplace, or worse, get laid off. Yet as Dear Abby pointed out, many older adults stay on the job these days just to survive.  During the financial crisis and …