As boomers withdraw retirement funds in ever-increasing amounts as they leave the workplace, its affecting the balances of the retirement plans they leave behindsomething employers hope to stem.
Rising interest rates gave mid-50s workers a boost of 4.41 percent in retirement spending power--but an analysis by BlackRock shows that older pre-retirees might be hurt.
The chief executive officer of the California Public Employees Retirement System has announced that she will retire as the head of the largest public pension fund in the country.
Even though Medicare Part D provides seniors with some protection, the high costs for some specialty drugsand the fact that many seniors take multiple medications--is costing them more.
Not only are rising drug costs out of control, but singles end up paying substantially more out of pocket than senior couples for nonrecurring health care services.
States are worried about liability with state-run retirement plans--in spite of the proposed DOL safe harbor. Now critics are attacking the safe harbor proposal. Here's why.
Department of Labor won a judgement to restore $1.3 million to plan participants at one now-defunct company and filed suit in 4 other cases on behalf of workers.