Retirement Planning Gets Tough for Some Workers

Posted on 12/10/2012 by |Money and Work | Comments

Bulletin Today | WorkAs if retirement planning wasn’t challenging enough, employees of at least two big companies are facing difficult news this holiday season. Workers at Hostess are wondering how they’ll make do without the full pensions they’d counted on in retirement since the company underfunded its employees’ pension plan by at least $55 million. (Some reports put that amount as high as $2 billion.) The makers of Twinkies used that money to keep the business operating. But after a labor dispute, Hostess announced …