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PBGC Blog: Retirement Matters

PBGC will pay retirement benefits for over 500 current and future retirees of B'nai B'rith International, a Jewish advocacy organization based in Washington, DC. 

The agency stepped in because B'nai B'rith wouldn't have been able to pay its bills or stay in business unless the plan was terminated.

The B'nai B'rith pension plan ended as of April 30, 2011. PBGC will pay all pension benefits earned by the organization's retirees up to the legal limit of $54,000 a year for a 65-year-old. More...

Weekly Pension News Round-Up

  |   August 31, 2012

Here's what made headlines this week in pension news:

Smart Business Network writes "How to overcome benefit plan challenges and structure your plans properly."

Pensions & Investments reports "Pension investment strategy in light of new law."  

CNNMoney publishes "Your pension: Lump sum vs. monthly payments."   

Dow Jones Newswires runs "Hawker Says It Is Closer to Superior Deal, Settles With PBGC."

There are a number of websites and online tools to help with retirement planning.  In particular, retirement calculators are one of the most useful tools in helping future retirees figure out how much to save for retirement. Although this tool, in its many variations, can be extremely helpful, very few actually provide detailed instructions on how best to use them. Fortunately, CBSNEWS.COM features Steve Vernon's tips on using retirement calculators:

  • Tip #1: What rate of return do you expect on your retirement savings?
  • Tip #2: When do you expect to retire?
  • Tip #3: How long will you live?
  • Tip #4: How much retirement income do you need?
  • Tip #5: Should you include Social Security benefits?

Read the CBSNEWS.COM full article:http://www.cbsnews.com/8301-505146_162-57494187/5-tips-for-using-retirement-calculators/.

Weekly Pension News Round-Up

  |   August 24, 2012

Here's what made headlines this week in pension news:

KWCH 12 Eyewitness News ran "Hawker Beechcraft, union & lenders reach pension deal."

Business Insurance publishes "PBGC takes over SP Newsprint pensions."

Reuters poses the question "How is your pension doing?"

Weekly Pension News Round-Up

  |   August 17, 2012

Here's what made headlines this week in pension news:

U.S. News & World Report blogs about "How Safe Is Your American Dream?"

Pensions & Investments features an article on "Identifying the best risk mitigation strategy for a corporate DB plan."

The Washington Post ran the Associated Press article "Federal agency admits mistake with United Airlines pension; some retirees getting raises."

PLANSPONSOR.COM quotes PBGC Director Josh Gotbaum in "PBGC to Begin Back Payments for United Airlines Retirees."

The Philadelphia Inquirer publishes "Without a Pension's Security."

Weekly Pension News Round-Up

  |   August 10, 2012

Here's what made headlines this week in pension news:

The New York Post writes about "Vanishing Pensions."  

DB Plans See Large Decline in Funded Status, PLANSPONSOR.com  reports.  

"More and more retirees could soon be facing the choice of accepting a pension buyout or collecting a monthly check...," the Wall Street Journal publishes.

Reuters features an article on "How to find a lost pension."