Defined Benefits

The Pension Benefit Guaranty Corp. announced a proposal this week that would make it easier for 401(k) plan participants to get higher returns and secure lifetime income by moving their funds into traditional pensions.

A brief reviewed four household surveys and found that at any given point, only about half of private sector wage and salary workers age 25-64 participate in a plan.

Detroit won court approval to issue $120 million in bonds to pay for emergency vehicles and basic services while it prepares for a court battle with creditors over how to reduce $18 billion in debt.

An annual 3 percent compounded cost-of-living pension increases would be tied to inflation and would be skipped in certain years.

Chief Executive Officer Sam Walshs pay compared with the companys average worker is deemed to be disproportionate, PIRC, a U.K. adviser to institutional investors with more than 1.5 trillion pounds ($2.5 trillion) in assets, said today.

There are far more older women than older men, and the Bank of England policy in the post-crisis period had a dramatic negative effect on pensions and annuities, said a former director of the Sage Group.

A cap on raises for New Jersey police and firefighters that mediators award when contract talks break down is set to end today, after lawmakers in the state Assembly didnt concur with Governor Chris Christies changes to an extension bill.

When lower-income workers have access to a pension plan at work, their eligibility and take-up rates are nearly equivalent to higher-income workers.