Pension law addresses auto-enrollment
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A new law making it easier for companies to automatically enroll their employees in pension plans such as 401(k)s goes into effect soon, the Labor Department said Monday, a move the government hopes will spur increased retirement savings.
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In the standoff between retirement savings and college savings, retirement wins.
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If your retirement garden -- specifically your individual retirement account or IRA -- hasn't been growing fast enough to meet your future retirement needs, you might want to join a club of contrarians: those who have decided to take matters into their own hands. Literally.
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Time is on their side when it comes to earning money for retirement.
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Children can now stay on their parentsÂ health insurance plans well into their 20Âs in a growing number of states.
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WASHINGTON, Feb. 14  /PRNewswire-USNewswire/ -- The U. S. Department of Labor (DOL) today announced an interim final rule requiring the distribution of 401(k) type benefits for missing non-spouse beneficiaries from terminated plans to be rolled into individual retirement accounts (IRAs).
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A new regulation allows employers to establish two classes of retirees, with more comprehensive benefits for those under 65 and more limited ones, or none at all, for those older.
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States will be issuing bonds to cover unfunded retiree obligations. When that happens, buy.
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Taking responsibility. The Pension Benefit Guaranty Corp. moved Thursday to take on the pensions of United Airlines pilots. The US federal agency is already groaning under a $23 billion deficit, and the PBGC
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Ministers are to publish a bill outlining changes to the state pension system, including raising the pension age.
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When people enroll in a Medicare drug plan later this year, the first option for paying their monthly premiums will no longer be through a deduction in their Social Security check. Instead, the government will encourage beneficiaries to pay insurers directly.
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Many big law firms are keeping up with mandatory retirement age rules to make room for new blood.
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Businesses that sponsor pension plans are applauding the Bush administration's call for a broad overhaul of the nation's troubled retirement benefits system. But on specifics, companies are wary.
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A US District Court Judge ruled last year that Big Blue had violated age-discrimination laws by amending its pension plan in a way that would make older employees accrue retirement benefits at a lower rate than younger workers.
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Legislation that would increase retirement benefits for more than 5,000 assistant U.S. attorneys -- putting their pensions on par with federal law enforcement officers -- has been introduced in Congress.
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The auto-enrollment revolution has arrived. Here's what you need to know, comrade.
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WASHINGTON  - For years, companies have preached to employees about the need to save in a 401(k) plan. Now, many employers have dropped the gloves, turning to creative, even off-the-wall, gimmicks to shake the lapels of their time-starved, information-overloaded workers and boost enrollment.