Defined Benefit Plans
Defined Benefit Plans News, Articles, Blogs, Webinars, White Papers & Events. Human Resources Management featuring HR news on Defined Benefit Plans.
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TOOL The Financial Crisis and Private Defined Benefit Plans
… hang it up. A paper by the Center for Retirement Research at Boston College, " The Financial Crisis and Private Defined Benefit Plans ," can be helpful for HR professionals whose companies offer defined-benefits plans. The paper has a big …
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TOOL The Financial Crisis and State-Local Defined Benefit Plans
… issues, the Center for Retirement Research at Boston College has produced "The Financial Crisis and State/Local Defined Benefit Plans ." The paper offers information on how the decline in DB assets affects plan participants, how the economic downturn …
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GM Pension Plan Underfunding Rises in 2011
… reduce liability growth, GM will completely freeze defined benefit plans covering salaried employees, effective Oct. 1 ..... reduce liability growth, GM will completely freeze defined benefit plans covering salaried employees, effective Oct. 1 …
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Much 'To Do' to Keep Retirement Running Smoothly
Revisiting the company's investment plan statement should be the first order of business, and then start building your paper trail to ward off IRS inquiries.
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Employers Hungry for Returns When Updating 401(k) Menus
Plan sponsors see big bounce in performance after adding new funds but it doesn't last.
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Pension Envy for Employees Not On the Government's Dime
A recent analysis by Hearts & Wallets of individuals who are near or in retirement showed that those with a public pension are happier in retirement and have higher income than those who don't have a defined-benefit plan.
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NHL Players Score New Pension Plan
The defined contribution plans, created during the last league lockout in 2005, will be restructured into voluntary contribution plans and neither plan will be terminated.
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Dreams of Comfortable Retirement Ebb Among Americans: EBRI
… investments, and 60 percent reported less than $25,000 in savings, excluding the value of their home or any defined benefit plans . Also in the survey: • Two-thirds of respondents anticipate income from an employer-sponsored retirement savings …
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Clients Kind of Blue Over IBM's 401(k) Surprise
Starting next year, Big Blue's match will be contributed as a lump sum on Dec. 31.
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In an Apparent First, a Public Pension Plan Files for Bankruptcy
… development of the restructuring will set a precedent, particularly at a time when local government budgets and defined - benefit plans are under strain. "If it were a private pension plan, the [Pension Benefit Guaranty Corp.] could take it over …
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Hostess Brands to Terminate Pension Plan as Part of Liquidation
Hostess suspended payments to the 42 multiemployer pension plans to which it contributes in August 2011. The company's IBC Defined Benefit Plan had about $56 million in assets and $111 million in liabilities as of April 30, according to the PBGC.
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Employers Eye Revamping Retirement Plans
… says. With the continued descent of the number of defined benefit plans , employers are becoming more concerned about workers ..... retirement. "I don't think we're going back to defined benefit plans ," says Martha Tejera, an actuary and project …
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Changes in Tax Rules Could Cut 401(k) Plan Sponsorship: Survey
Almost half of employers, 46 percent, said they would consider dropping their plans under the 28 percent tax credit scenario, while one-third would do so in the event of a limited tax exclusion or under the 20-20 proposal.
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Tax Bill Will Reduce 401(k) Taxes, Ease Fund Transfers
A provision tucked into the American Taxpayer Relief Act will expand the opportunities for employees to transfer funds from traditional 401(k) plans to Roth 401(k)s. Employees who are in lower tax brackets now compared with when they retire will reap big tax savings from such transfers.
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Amendments to Defined Benefit Plans
You can make changes as long as the beneficiaries receive their originally designated accrued benefits.
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Fewer Employers Offering Defined Benefit Pension Plans to New Salaried Employees
… 2009. As recently as 1998, defined benefit plans were the norm among the nation ..... companies have moved away from defined benefit plans , the competitive pressure ..... Dallas.The move away from defined benefit plans has been especially pronounced …
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Pension Payouts
… Participants in pension plans, also called defined benefit plans , usually get their retirement dollars in the form ..... plan sponsor's strategy to reduce the risk of defined benefit plans . Other approaches include matching the investment …
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Bill Seeks Government Sale of GM Stock to Fund Delphi Pension Benefits
… benefits lost to hourly and salaried retirees when the Pension Benefit Guaranty Corp. took over the Delphi's six defined benefit plans in 2009. The plans were terminated as part of Delphi's Chapter 11 bankruptcy reorganization. The money would …
