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 …