We’re living longer and that’s making it more expensive for companies to fund their old-fashioned defined benefit pension plans.
Should you be nervous? Prudential, the big dog in this business, says calm down. It has your back.
Old-fashioned pension plans have disappeared over the last 15 years — and they aren’t coming back.
Calculate what your pension might be if you worked for the government.
Savings rates among younger workers are inching up while older workers are socking money away in a last-minute effort to secure their retirement.
Some experts are predicting that old-fashioned, defined benefit pensions will make a comeback, especially if interest rates rise significantly.
Get ready to make a retirement planning decision. If you are eligible for a pension from a former employer that is worth more than $5,000, it is likely that early next year you’ll hear from that former employer offering you a lump-sum, cash-out option. This is one of the tenets of the Pension Protection Act,