J.C. Penney Pension Plan Taken Over by PBGC
The company recently entered an asset purchase agreement designed to allow it to emerge from Chapter 11 bankruptcy, but the...
Tag: pension
Guilty Plea Secured in $15M Retirement Plan Embezzlement Scheme
A Texas couple has admitted to submitting more than 90 unauthorized distribution requests from some 20 retirement plans between 2014...
Wells Fargo Suggests Various Approaches to Retirement Saving
Because people are living longer, healthier lives, the Wells Fargo Investment Institute has suggested different ways that Millennials, Generation X...
Many Retirees Outspend Planned Budget
However, a survey finds retirees with a guaranteed income stream from a pension or annuity are able to spend more.
Half of Retirement Savers Think They Are Behind
Ninety-eight percent wish there was a way to make up for lost time, but 63% say they cannot take the...
Many Millennials, Gen Xers Don’t Expect to Receive Social Security
Yet, a significant number are not saving for retirement at all.
Retirees Find Creating a Drawdown Strategy Is Complex
"Having a plan in place to manage their finances can help retirees feel confident about spending their assets and address...
Employees Desire Retirement Education and Coaching
Nearly half would like a digital retirement coach, an Accenture survey found.
Pension Trustee Found Guilty of Theft
The trustee is ordered to pay $234,271 in restitution, serve a year of probation and be barred from serving as...
Sears Allowed to Sell Real Estate to Fund Pension
According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the...
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NIRS Encourages Continued Use of Pensions for Teachers
A report from the NIRS argues how DB plans create more savings and retirement income for teachers than DC plans.