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Pensions

2008 Ends With Alarming Retirement Benefit Trends

Mark Miller | Posted 02.02.2009 | Business

Read More: 401(K), 403(B), Retirement Funds, Employee Benefits, Saving for Retirement, Budget Cuts, Economy, Corporate Budget, Pensions, Retirement Savings Plans, Financial Crisis, Personal Bank Account, Personal Finance, Recession, Business News
Mark Miller

Unlike traditional pensions, employers have the flexibility to stop or start matching 401(k) contributions as they like. It's a relatively obvious target for cuts in a severe economic crisis.

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Governor Paterson, Have You Lost Your Moral Compass?

Jonathan Tasini | Posted 01.17.2009 | Politics

Read More: Fairness, The Rich, Class Warfare, Taxes, David Paterson, Pensions, New York Budget, New York State Budget, Paterson Budget, Politics News
Jonathan Tasini

It's regular people who had nothing to do with this financial disaster who continue to take the hit. In New York, Paterson's new budget takes aim at workers and lets the rich of the hook.

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Markets for Financial Crime

James Love | Posted 01.13.2009 | Business

Read More: Bankruptcy, Crime, Investing, FInancial Markets, Pension Fund, 401k, Retirement, Pensions, Bernard Madoff, Business News
James Love

The lawyers and consultants that enable the fleecing of the public have vast incentives. We need to think more about the reasons why markets for honesty and consumer protection work so poorly.

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The Nasty Class and Anti-Union Bias of Auto Bailout Opposition, or the Wall Street-Detroit Double Standard

Robert Weissman | Posted 01.12.2009 | Business

Read More: Blue Collar, Auto Bailout, Uaw, Class Warfare, Wall Street Crisis, Wages, Pensions, Compensation, Executive Compensation, Health Care, Business News
Robert Weissman

Nancy Pelosi says the Congressional Republicans are playing Russian Roulette with the economy by refusing to agree to an auto industry bailout. But f...

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Giannoulias Proposes Cost-Cutting State Pension Reform

Chicago Tribune | Monique Garcia | Posted 01.01.2009 | Chicago

Read More: Giannoulias Pension Plan, Illinois Pension Pool, Alexi Giannoulias, Pensions, Illinois Pension Investments, Illinois Pensions, Chicago News

Illinois Treasurer Alexi Giannoulias is pushing a plan to pool billions in state pension investments as a way to cut costs and curtail corruption in ...

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Random House Freezes Employee Pensions, Eliminates Pensions For Future Hires

AP | HILLEL ITALIE | Posted 12.21.2008 | Media

Read More: Random House, Random House Pensions, Pensions, Books, Book Business, Publishing, Media News

NEW YORK — The country's largest trade publisher, Random House Inc., has frozen the pensions of its current employees and eliminated them for fu...

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Public Employee Pensions are Not the Problem

Gerald McEntee | Posted 12.21.2008 | Business

Read More: Pensions, Retirement Security, U.S. Economy, Congress, States, Financial Crisis, Business News
Gerald McEntee

Right-wing critics of public employee pensions will use any angle to convince folks that these plans are bankrupting states, cities and towns. However, they are an essential part of the capital market.

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Japanese Pension Scandal Linked To Series Of Knife Attacks

Washington Post | Blaine Harden and Akiko Yamamoto | Posted 12.20.2008 | Business

Read More: Foreign Affairs, Bureaucracy, Pensions, Japan Stabbings, Japan, Business News

TOKYO, Nov. 19 -- Bureaucrats here have infuriated the Japanese public by losing millions of government pension records. This week someone with a knif...

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It's Bozo The Clown's Fault, Not The "Free Market"

Jonathan Tasini | Posted 12.15.2008 | Business

Read More: Robert Rubin, Wages, Class Warfare, American Dream, Pensions, Subprime Mortgage Crisis, Bozo the Clown, Financial Crisis, Alan Greenspan, Business News
Jonathan Tasini

The current president's pronouncements that the "free market" isn't at fault for the financial meltdown led me to dig deep, investigate and discover the real culprit: Bozo The Clown.

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Federal Pension Agency Loses Almost $5 Billion On Stocks

AP | ANDREW TAYLOR | Posted 11.26.2008 | Business

Read More: Pension Benefit Guarantee Corp, Pensions, Federal Pensions, Stock Market, Financial Crisis, Business News

WASHINGTON — The federal agency charged with backstopping pension benefits for 44 million Americans lost almost $5 billion from investments in s...

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GM's Wagoner Makes Case On YouTube (VIDEO)

CNBC | Phil LeBeau | Posted 11.09.2008 | Business

Read More: Retirees, Gm, General Motors, Finance, Economy, Rick Wagoner, Pensions, Cars, Personal Finance, Video, Business News

If you are GM CEO Rick Wagoner, what do you do? The man in the top job at the struggling automaker is pulling every move possible to keep his company ...

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Impact of the Financial Crisis on Retirement Security

Rep. George Miller | Posted 11.07.2008 | Politics

Read More: Pensions, 401(K), Financial Crisis, Retirement Security, Committee on Education and Labor, George Miller, Retirement, Wall Street Crisis, Politics News
Rep. George Miller

Unlike Wall Street executives, American families don't have a golden parachute to fall back on. It's clear that their retirement security may be one of the greatest casualties of this financial crisis.

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What Is Wal-Mart So Afraid Of? Four Words: Employee Free Choice Act

Robert Greenwald | Posted 10.14.2008 | Politics

Read More: Rights, Walmart, Civil Liberties, Workers, Employee Free Choice Act, Economy, Baratunde Thurston, Seiu, Meet the Bloggers, Cenk Uygur, Pensions, American Rights at Work, Robert Greenwald, Recession, Working Class, Brave New Foundation, Efca, Jack and Jill Politics, Michael Whitney, Ceos, Andy Stern, Class,War, Unions, Politics News
Robert Greenwald

The Employee Free Choice Act is a vital piece of legislation that, if passed, will go a long way toward restoring the middle class in our country.

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Don't Let Our Opponents Divide Us with Race

Richard Trumka | Posted 09.18.2008 | Politics

Read More: Social Security, John McCain, Workers, Employee Free Choice Act, Middle Class, Pensions, Jobs, Clean Energy, Afl-Cio, Pay Equity, Thailand, Race, Barack Obama, Religion, Patriotism, Labor, Muslim, Union Blogs, Health Care, Unions, Christian, Union, Richard Trumka, Politics News
Richard Trumka

The opponents of working people are trying to divide us by using Obama's race as an issue. Union members must lead the fight against such divisions and, instead, look at the bottom line.

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First Mortgages, Next Pensions? Wall Street Wants Your Future

BusinessWeek | Matthew Goldstein | Posted 09.06.2008 | Business

Read More: Treasury Department, Investment Banks, Pensions, Pension Benefit Guaranty Corp., Wall Street, Selling Pension Plans, Pension Plan Investment, Mortgage Crisis, Business News

The folks who brought you the mortgage mess and the ensuing hedge fund blowups, busted buyouts, and credit market gridlock have another bold idea: buy...

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Growing Deficits Threaten Pensions

Washington Post | David Cho | Posted 05.19.2008 | Business

Read More: Pensions, US Economy, Business News

The funds that pay pension and health benefits to police officers, teachers and millions of other public employees across the country are facing a sho...

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6 Rules For Retiring Wealthy

Kiplinger's Via MSN Money | Posted 03.28.2008 | Business

Read More: 401(K), Social Security, Retirement Savings, Retiring Wealthy, Retirement Savings Plans, Retirement, Retirement Plans, Investments, Social Security Benefits, Pensions, Business News

Retirement savings plans are undergoing an extreme makeover. After decades of trying to teach Americans how to save and invest for their own retiremen...

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