Pensions
Reuters, August 7th, 2009When Illinois was
facing at least $55 billion in unfunded pension liabilities
back in March, Governor Pat Quinn outlined what he called "bold
reform" for the state's retirement system.
In a move now being replicated
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MSN Money, July 16th, 2009West Virginia may not have much company if it pursues ending health
care subsidies for future public employees once they retire, a new
survey suggests.Just five states offer no subsidies to help
their retirees afford
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The New York Times, May 20th, 2009The deficit at the federal agency that guarantees pensions for 44
million Americans tripled in the last six months to a record high,
reaching $33.5 billion, largely as a result of surging bankruptcies
among companies
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DM News - May 7th, 2009In a letter to a key House subcommittee chairman, US Postmaster
General John Potter again pressed his case for Congressional action on
proposed legislation that would reduce the agency's out-of-pocket costs
for retiree health
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The New York Times - April 1, 2009
RETIREMENT accounts remain among many people’s most valuable assets, even at today’s depressed values. That means you need to protect them from creditors, a category that can include former spouses or people who have
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The Salt Lake Tribune - March 20, 2009
Here are three basic tax planning tips to keep in mind concerning retirement:
Withdrawals from 401(k)s are taxable income » They are taxed at your regular income tax rate once you retire. That can work out well
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US News & World Report - March 13, 2009
In October 2008, the Congressional Budget Office reported that stock market turmoil wiped out roughly $2 trillion of Americans' retirement savings over just 15 months. Since then, the stock market has continued
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Center for Retirement Research at Boston College - March 3, 2009
Introduction
The maturation of the 401(k) system and the enactment of the Pension Protection Act of 2006, which made 401(k) plans easier and more automatic, were expected to enhance the
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Bloomberg - March 3, 2009
The Chicago Transit Authority retirement plan had a $1.5 billion hole in its stash of assets in 2007. At the height of a four-year bull market, it didn’t have enough cash on hand to pay its retirees through 2013, meaning it
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The Wall Street Journal - February 26, 2009
Small businesses are having a harder time meeting their obligations in offering retirement benefits for their employees, with two stark choices facing them: shut their doors or end their contributions, according
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US News & World Report - February 24, 2009
The House Education and Labor Committee held a hearing today to examine the shortcomings of the U.S. retirement system. The two-and-a-half hour discussion largely highlighted the weaknesses of the current
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The Washington Post - February 22, 2009
Target-date retirement funds are coming under increased scrutiny as investors try to contain the damage to their 401(k)s from the worst economic downturn in generations.
The funds, also known as lifecycle funds,
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The New York Times - January 24, 2009
In recent months, one particular event has instilled fear and even panic in households across the nation: the arrival of the 401(k) statement. Those who can bring themselves to open the envelope or click on the e-mail
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Forbes - January 16, 2009
Missouri's treasurer says the state's retirement account is among thousands of investors and financial institutions entangled in an investment scheme.
Bernard Madoff, the former chairman of the Nasdaq Stock Market (nasdaq:
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Chicago Tribune - January 11, 2009
With more companies cutting their retirement plan matches and implementing pay freezes, 2009 is shaping up to be a bad year for the nest egg.The Pension Rights Center counted about 20 major corporations in December
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