I.B.M. Prepares Substitution for Pensions of New Hires
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I.B.M. is planning to close its employee pension plan to new employees at the end of the year and give all new workers a 401(k) plan instead.
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Thousands of workers who lost their pensions when firms went bust are expected to be given more financial help.
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GlaxoSmithKline has become the first FTSE 100 company to offer employees a group option for self invested personal pensions (Sipps) - a move likely to be followed by many other big blue-chips.
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Hires from within, saves on recruitment fees
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The longtime partners are expected to announce a new deal that looks likely to cover business services.
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United Airlines' workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan &#151; plus further steep reductions in pay and other benefits.
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The government&#39;s pension agency moved Thursday to assume responsibility for the pensions of United Airlines pilots, an action it already faced next year when the bankrupt carrier dumps its defined-benefit pensions.
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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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Ministers are to publish a bill outlining changes to the state pension system, including raising the pension age.
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Enlist the help of your boss and Uncle Sam to feather your retirement nest egg.
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Electronic Data Systems  on Tuesday  made a voluntary early retirement offer to about 9,200 U.S.  employees as part of its plan to reduce 20,000 jobs over the  next two years and will take a fourth-quarter charge.
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The company says the changes are to better serve customers. Workers say they reduce already modest incomes and strain employeesÂ personal lives.
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Electronic Data Systems, the technology-outsourcing company, said Wednesday that it had offered extra retirement benefits to about 12,000 employees in the United States if they would retire early.
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CHICAGO - United Airlines&#39; workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan - plus further steep reductions in pay and other benefits.
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Ministers are set to announce more money to help workers who have lost their pensions, Gordon Brown tells MPs.
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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 benefits â or none at all â for those older.
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Pensions secretary John Hutton is to take over a revamped Department of Business and Enterprise.