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Shield Pa. taxpayers from a 'pension tsunami'
Pennsylvania's pension crisis is about to hit state homeowners and taxpayers, and the results won't be pretty. The state's two pension systems — for state government workers and public school employees — are, together, more than $47...Tags: Harrisburg (Dauphin, Pennsylvania), Allentown, Executive Branch, Natural Disasters, Justice System
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Morgan Stanley sued in 'pay-to-play' retirement plan case
Reuters* Bank accused of steering 401(k) business to win extra fees * Morgan Stanley declines comment; ING denies wrongdoing May 20 (Reuters) - Morgan Stanley has been sued by an Alabama medical laboratory that claims it steered retirement plan business to ING...Tags: ING Group, Windsor (Hartford, Connecticut), Labor Legislation, Morgan Stanley Dean Witter & Company, ING Groep NV
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Glendale pays big pension numbers
As Glendale struggles to get a handle on its growing pension obligations, records show that about 11% of the nearly 1,350 city retirees draw annual pensions of more than $100,000 a year — and some of them far more than that. At the top of the list...
Tags: California Public Employees' Retirement System, Politics, Employment Opportunities, Employment, Public Employees
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Average U.S. 401(k) balance tops $80,000, up 75 pct since 2009
ReutersBOSTON, May 23 (Reuters) - The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based...Tags: Career and Workplace, S&P 500, Stock Market, Employees
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Stern Advice-Why pension funds are eating your 401(k)'s lunch
ReutersBy Linda Stern WASHINGTON, May 22 (Reuters) - Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company...Tags: Politics, Personal Finance, Mutual Funds, Economy, Business and Finance, Career and Workplace
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Column: Why pension funds are eating your 401(k)'s lunch
ReutersWASHINGTON (Reuters) - Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company Towers Watson. In 2011,...Tags: Personal Finance, Mutual Funds, Career and Workplace, Advice Columns and Columnists, Finance
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COLUMN-Transforming your 401(k) into steady income
ReutersBy Mark Miller CHICAGO, May 21(Reuters) - A job and a paycheck - they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? A growing number of 401(k) plans are including investment...Tags: Morningstar Incorporated, Insurance, Economy, Business and Finance, Career and Workplace, Retirement
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Sheraton workers agree to new contract, lift boycott
Two unions said Friday that they have ended a nearly six-year call to boycott the Sheraton Baltimore City Center Hotel, a move that came as workers ratified a new bargaining agreement with management. The unions, Unite Here Local 7 and Local 37 of the...
Tags: Career and Workplace, Unions, Employees
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For seniors, a break on mortgages
Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the home loan business,...Tags: Personal Finance, Freddie Mac, Career and Workplace, Social Security, Finance
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House passes pension overhaul
Central Florida Political Pulse - Orlando SentinelTALLAHASSEE– The Florida House voted Friday 74-42 to shutter the state’s pension system and send all new employees to a 401K-style option, setting up a potential fight with the Senate. The House plan, HB 7011, would make employees starting... -
40% of older households in Md. ill-prepared for retirement, study finds
At an age when many workers are thinking about winding down their careers, Victoria Baldassano of Silver Spring says she can't afford to give retirement a thought. The part-time English professor at Montgomery College said her income has been too low for...
Tags: Employment Opportunities, Career and Workplace, Social Security, Finance, Politics
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City pension system facing $681 million shortfall
The pension system for most city workers has nearly $700 million in unfunded liabilities, according to an audit released Wednesday. In contrast, the smaller system for elected officials — who contribute to their pensions — is in strong...
Tags: Justice System, Career and Workplace, Safety of Citizens, Health and Safety at Work, Finance
May 20, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| Reuters
May 11, 2013
|Story| Glendale News Press
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 24, 2013
|Story| Baltimore Sun
May 25, 2013
|Story| Hartford Courant
Mar 22, 2013
| Orlando Sentinel
Mar 31, 2013
|Story| Baltimore Sun
Mar 27, 2013
|Story| Baltimore Sun
Original site for 401K topic gallery.
