Pension Reform
Pension Reform News, Articles, Blogs, Webinars, White Papers & Events. Human Resources Management featuring HR news on Pension Reform.
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Belt Quits the PBGC, but Expects Pension Bill Passage
… resigning but he says he still expects the pension bill to go through before he steps down in May. If passed, the pension reform bill would, among other things, force all companies with defined benefit plans to put enough money in their plans …
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Automatic Retirement Savings Deductions Gain Broad Support
One of the goals of major pension reform legislation Congress approved last year was to get more Americans to save for retirement by allowing companies to automatically …
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Iraq War Bill Makes Changes To Pension Rules
… minimum wage to $7.25 during the next two years. But buried in the legislation were changes to a massive 2006 pension reform bill . The modifications may be a harbinger for further tinkering to that 900-page measure, which, among many …
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The Rise and Fall of Employer-Sponsored Pension Plans
… Research Institute, or EBRI, and by 1975, 103,346 plans covered 40 million people. The key event in the push for pension reform occurred in 1963 when South Bend, Indiana-based car manufacturer Studebaker Corp. saw its pension plan collapse …
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Ford to Add, Retain 12,000 Jobs With New UAW Agreement
The automaker plans to insource manufacturing work from Mexico, Japan and China. The 12,000 new or retained jobs include 5,000 previously announced positions, Ford said.
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EBSA Clarifies E-Disclosure of Investment, Benefit Information
The revised technical release updates an interim e-disclosure policy issued in September allowing defined contribution plan administrators to provide fee-disclosure information to participants electronically.
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GM to Phase Out Salaried Pensions, Shift Workers to 401(k) Plan
About 70 percent of General Motors' 26,000 salaried U.S. workers are enrolled in a defined benefit, or traditional, pension plan. Those workers will be shifted to a 401(k) plan starting on Oct. 1, said Cindy Brinkley, GM's vice president of global human resources.
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Pension Funding Levels Improve, but Still Well Below 2011 Peak: Mercer
The consultancy attributed the funding improvement to an 11 percent gain in equity values in October, partially offset by a decrease in corporate bond yields.
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Roth 401(k)s Are Slow to Gain Toehold Among Employee Portfolios
A new survey from the Profit Sharing/401k Council of America shows that more employers are offering Roth 401(k) plans, but many employees aren't taking advantage of this tax strategy.
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Fortune 1000 Firms' Pension Plan Funding Falls to 78% in 2011
The aggregate funding level of 422 pension plans offered by Fortune 1000 companies fell to 78 percent in 2011, down from 84 percent in 2010 and 81 percent in 2009, according to Towers Watson & Co. analysis.
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PBGC Boosts Maximum Benefit in 2012 to Nearly $56,000
Changes in the maximum benefit guarantee, which will increase 3.4 percent next year, are linked to wage inflation.
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Chaos Performance Review
Secretary of Labor Elaine Chao says that her department's mission is to ensure the competitiveness of the American workforce. Two aides, Deputy Secretary Steven Law and Assistant Secretary Ann Combs, answer questions about department business, pension reform and how their boss, now the ...
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Quiet Retirement
From jobs to health care to retirement, President Bush and Sen. John Kerry are promoting proposals that will directly affect employers. This special report analyzes these key issues, contrasting the approaches the candidates say they'll take. Social Security and pension reform : Heard much about ...
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Mercer Latin America & Caribbean Human Resource Forum
… economies. Changes can happen literally in the blink of an eye. It took Argentina two months to approve expansive pension reform —breakneck speed, considering that its neighbor to the north, Chile, took five years to roll out its highly successful …
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Pension Funding Relief Bill Makes Congressional Debut
… October 27, that would give businesses some breathing room from the strict funding rules imposed by a landmark pension reform bill than went into effect last year. Pomeroy urged his House and Senate colleagues to pass a relief bill this year …
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Companies Make Plea to Congress for Pension Funding Relief
… You will see jobs eliminated. You will see investment eliminated.â But the same factors that catalyzed the 2006 pension reform lawâ company defaults and a growing deficit at the Pension Benefit Guaranty Corp.â are again concerns for some members …
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Both Sides Agree U.S. Needs Jobs for True Economic Recovery
… dynamic economy without a healthy manufacturing sector,â Trumka said. Trumka also agreed with Donohue on the need for pension reform , and that U.S. investments in infrastructure, communications, education and training have lagged. â We …
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Pension Funding Relief Ranges From $19 Billion to $63 Billion, Towers Watson Analysis Shows
… collectively reduce their contributions by a range of $19 billion to $63 billion as a result of recently enacted pension reform legislation, Towers Watson & Co. said in an analysis released Monday, August 2. Under the Preservation of Access …
