Pension

Planning for a Strong Financial Future

Posted on 04/15/2014 by | AARP Blog Author | Comments

Money & SavingsBy Lee Baker, CFP One of my favorite things as a child was reading comic books. To be honest, if I had more free time, I would probably read them now. Like me, most of you probably remember the Charles Atlas ads in comic books and other magazines. You know the story: A bully kicks sand in a skinny kid’s face. Deciding to do something about it, the skinny kid sends for a free book from Charles Atlas that promises …

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 …

Pension Plan Tweak May Elude Most

Posted on 04/2/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsThe federal agency that insures private pensions is proposing a rule change that would add greater protection for workers who roll 401(k) money into a traditional pension. Workers for years have been able to transfer money from their employer’s 401(k) to its traditional pension plan to buy themselves a bigger lifetime benefit — if the employer allowed it. The Pension Benefit Guaranty Corporation says its new proposal will remove fear among these workers that the amount they roll over from …

Prince Charles to Claim $175-a-Week Government Pension

Posted on 11/13/2013 by | General News | Comments

Bulletin TodayBy Gregory Katz of The Associated Press LONDON (AP) — Prince Charles plans to claim the government pension he qualifies for when he turns 65 on Thursday, but he still hasn’t started the job he was born to do. The eldest son of Queen Elizabeth II has been heir to the throne since his mother became monarch in 1952, when he was 3. He is the longest-waiting heir apparent in Britain’s history, overtaking Queen Victoria’s son, Edward VII, two years …

El impacto del Seguro Social

Posted on 10/4/2013 by | In Other News . . . | Comments

En EspañolTal vez no pienses en el Seguro Social como un programa de estímulo económico, pero lo es. De hecho, un nuevo informe de AARP muestra que cada dólar que paga el Seguro Social genera, a su vez, unos $2 de producción total para la economía estadounidense, o cerca de $1.4 millones de millones en el 2012. Los economistas lo llaman “efecto multiplicador”. Dicho en pocas palabras, se trata de cuando el gasto de una persona (en este caso, el gasto …

State Pensions — A Loophole for Lobbyists

Posted on 08/27/2013 by | In Other News . . . | Comments

Bulletin Today | PoliticsIn many places you can get a state government pension without even working for the state government. The Associated Press reports that lobbyists in at least 20 states are entitled to public pensions because they represent associations of counties, cities and school boards. In many cases, they also get state health care benefits. Take Stephen Acquario, the executive director of the New York State Association of Counties. He makes $204,000 a year ($25,000 more than the governor) and has perks, …