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PBGC Blog: Retirement Matters

A secure retirement is every worker's dream, but successful retirement planning is what makes that dream a reality.  

There are many tools and resources to help make the process a lot simpler and less daunting.

For instance, the U.S. Department of Labor, Employee Benefits Security Administration (EBSA) has a great online publication complete with interactive worksheets to help you with the process of retirement planning.

Taking the Mystery Out of Retirement Planning is available online and can also be requested in print.

We hope this resource is helpful!

Name That Blog!

  |   August 2, 2012

After gathering suggestions and polling PBGC employees, we have selected a name for the PBGC Blog! 

Drum roll please... More...

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

An Openmarket.org article quotes PBGC Director Josh Gotbaum.

Sycamore, Talbots Say Pension Board Won't Oppose Buyout, Bloomberg publishes.

AccountingWeb gives insight on the question "Are Defined-Benefit Retirement Plans Better for Small Businesses?"

On Wednesday the agency moved to end the Cinram Music Union Pension plan, which has some 280 participants and is about 53 percent funded, according to PBGC estimates.

We took this step because the company that sponsors the plan is about to sell the majority of its assets to a buyer that isn't assuming the pension plan.

The plan's sponsor, Cinram (U.S.) Holding's Inc., is involved in a Chapter 15 case in the U.S. Bankruptcy Court in Wilmington, Del., while its Toronto-based parent, Cinram International Inc., sought creditor protection under the Companies' Creditors Arrangement Act in a Canadian court. More...

Backyard with patio overlooking a lake.

As many retirees rely on a fixed income, the decision of where to retire can sometimes be tough. The golden ticket is finding a place that is not just affordable but enjoyable. Many retirees want a place that is alive with arts, culture, and community.

Luckily, AARP has done the research so you can get the most bang for your buck! Their listing of the “10 Best Places to Live on $100 a Day”:

 

  • Spokane, Washington
  • Las Cruces, New Mexico
  • Eau Claire, Wisconsin
  • Roanoke, Virginia
  • Morgantown, West Virginia
  • Pittsburgh, Pennsylvania
  • San Antonio, Texas
  • Omaha, Nebraska
  • Grand Junction, Colorado
  • Gainesville, Florida

 

Read AARP’s full article: http://www.aarp.org/home-family/livable-communities/info-07-2012/best-places-for-low-cost-retirement.html?intcmp=HPBB2C

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

Plansponsor.com publishes, "PBGC Agrees to Take a United Way Plan."

Retirees Wrestle With Pension Buyout From General Motorsthe New York Times reports.

"The United States District Court for the District of Columbia found that a Japanese parent company may be legally responsible for the pension-related liabilities of its American subsidiary," Lawyers Weekly.