Pensions
5 Ways To Increase Your Pension Check
To maximize your retirement, you should try to maximize guaranteed income available to you. Here are 5 ways to increase your pension check.
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Pensions
Personal Pension to Replace Defined Benefit Pensions
As employers freeze and terminate their pension plans, a new option is emerging: the Personal Pension.
The Personal Pension
Employer Pension Vs. Private Pension
If you don't have an employer pension plan, you can use a private pension (Personal Pension) to create one for yourself. Every dollar you put in buys you insurer-guaranteed income.
Retirement Planning
History of Retirement (& Future Outlook)
The history of retirement starts with us not living long enough to retire. Then, the introduction of Social Security and pensions gave us retirement security. Today, we're struggling to manage market and longevity risks on our own.
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Pensions
Should You Keep Your Pension or Do the Lump-sum Buyout?
The majority of people who are offered a lump-sum buyout should keep their pension, but there are some situations where it is worthwhile to consider taking the lump-sum buyout and using a portion of it to purchase an annuity.
Pensions
Pension De-risking and Risk Transfer, Demystified
For many pensioners, corporate pension de-risking and risk transfers may have a minimal impact on their lives and could ultimately promote their retirement security. Read on to understand these transactions better.
Pensions
Personal Pension to Replace Defined Benefit Pensions
As employers freeze and terminate their pension plans, a new option is emerging: the Personal Pension.
Pensions
5 Ways To Increase Your Pension Check
To maximize your retirement, you should try to maximize guaranteed income available to you. Here are 5 ways to increase your pension check.
Pensions
Arconic’s Pension Freeze and Pension Advice for Its Employees
In 2018 Arconic is freezing defined benefit pension plans for nearly 7,900 of its employees. As a replacement to this, Arconic will increase contributions to employee 401(k) plans for those affected.
Pensions
Alcoa’s Pension Benefits Reduced by 2021 and an Employee Call to Action
Alcoa will freeze US and Canada salaried defined benefit pension plans starting in 2021 as it increases its contributions to workers’ 401(k) plans.
Pensions
L.L. Bean to Cut Costs by Pension Plan Terminations and Offer Voluntary Early Retirement
L.L. Bean is increasing their contributions to employees’ 401(k) plans as they terminate pension plans. The company is also offering early retirement incentives as a way to reduce its workforce and alleviate some of their expenses.
Pensions
Heinz-Kraft Pension De-Risking and Pension Advice for Its Employees
Heinz-Kraft is offering its workers plan consolidations, lump-sum offers to current non-retirees, or an annuity purchase in order to de-risk their pension liability. There are other alternatives to these options, however, that better suit those looking to secure guaranteed retirement income.
Pensions
DuPont’s Pension Buyout and Pension Advice for Workers
The merger of Dow and DuPont created $51 billion in pension obligations, resulting in the company’s decision to offer employees a lump-sum pension buyout. This Pension Buyout, however, has several implications for those who accept it.
Pensions
UPS Pension Plan Changes May Take Time, but UPS Workers Have a Call to Action
UPS announced that it is freezing non-union employee pensions, contributing only a small percentage to their workers’ 401(k) plans. This, however, leaves more than 70,000 workers to independently decide how they should continue saving for retirement.