Small businesses would be able to band together to create a joint 401(k) retirement plan, and some part-time workers could participate in their employer’s plan, under proposals to be included in President Obama’s final budget to Congress.
The U.S. Department of Labor is paving the way for states to sponsor retirement plans for millions of private-sector workers who don’t have such programs on the job.
The 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.
One of the hurdles blocking the extension of unemployment insurance benefits for about 2 million long-term unemployed workers has been eliminated.
A day after President Barack Obama gave the go-ahead for the Treasury Department to create a "starter" savings account, experts are weighing whether it will be worthwhile or just another ignored investment tool.
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