AARP is backing a bill that would restore pensions to thousands of Delphi Corp. employees impacted by General Motors’ 2009 bankruptcy filing.
New Jersey's Fiscal Year 2023 budget includes funding for property tax relief, pension payments and a state-sponsored retirement savings program.
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.
Workers 50 and older face a hurdle that younger peers don’t: how to overcome negative stereotypes that paint them as much more expensive, out of touch with technology and less productive.
For decades, the three-legged stool was the metaphor for funding retirement: Social Security, pensions and savings/investments. Because of the recession and drop in pensions, the stool started to shake. That hasn’t escaped the notice of our adult children as they watch parents head into retirement.
After nearly a decade where the United Kingdom has been the gold standard for retirement savings policy, it is about to take a step that it may regret.
Congress recently carved a hole in a 40-year-old pension law that has prevented employers from cutting benefits earned by those already retired. This change applies to people covered under multiemployer plans that are in critical financial shape.
When Lynn Williams took the helm of the United Steelworkers union in 1983, the domestic steel industry seemed to be in a death spiral.
Americans are way short in their retirement savings, and President Obama's MyRA plan, which he unveiled last week, isn't the only new proposal that aims to help with that problem.
Economists say state retirement systems should have enough in assets to cover at least 80 percent of the pension money they owe retirees, but few states meet the 80 percent requirement--and some fall far shorter. A new report from the Pew Center on the States looks at the 10 states with the biggest pension gaps as of 2010:
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