Sixth Circuit Win for State Street Bank in $200 Million Chrysler “Top Hat Plan” Class Action
read more: Some 400 retired executives (including former chairman Lee Iacocca) were left with nothing in their accounts.Read More »
The Pension Benefit Guaranty Corp. needs to listen more to plan executives and participants instead of taking an adversarial approach, the agency’s participant and plan sponsor advocate said in a report issued Wednesday.
read more: “We need to listen and adjust more based on what we hear.”Read More »
Beware the Cromnibus! Could it possibly devour your pension?
read more: Is Your Pension at Risk?Read More »
read more: We call this a new low in fiscal irresponsibilityRead More »
Letting companies underfund pensions so they pay more taxes is a dumb idea, but it’s not a new one:
The Federal Highway Trust Fund is expected to run out of money in August.Read More »
Verizon has done it. General Motors has done it. And so have Ford and, recently, ketchup kingpin Heinz.
These brand-name companies have all moved part of their pension obligations off their books and into annuities run by insurance companies.Read More »