Defined Benefits

While companies like Boeing and 3M are phasing out their pension plans, more and more employees see the pension as a way to restore the American Dream of retirement, according to the National Institute on Retirement Security.

For 13 years, she has been attempting to claim her husband's $53,000 pension plan, which he amassed from working 10 years for the investment firm.

The study found that only 11% of Gen X and 31% of boomers say they have saved the often recommended, 10 times or more of their current annual salary for retirement.

Boeing union workers, in their seventh week of a strike, are seeking higher wages along with the restoration of the company's pension plan, which has been frozen since 2014.

Plaintiffs alleged that Cornell failed to adequately monitor the fees and investments of its retirement plan, according to Jerome Schlichter, a lawyer for the plaintiffs.

Our 2024 BenefitsPRO Luminaries honorees consist of top individuals and firms selected by a distinguished and diverse team of industry leaders.

A new study from Forbes surveyed 2,500 people from 25 major metropolitan U.S. cities (100 people per city) to find out which residents struggle the most with credit debt.

IBM has recently entered into a $6 billion pension risk transfer agreement with Prudential, as the retirement industry evolves from pension plans to 401(k) plans and PRTs firm allow firms to offoad the burdensome administration of allocating pension plans.