RETIREMENT

When will baby boomers retire?

05/23/2016
Boomers apparently are ready to work as long as possible.

Staten Island retirement plan to get a fiduciary

05/09/2016
The U.S. Department of Labor has asked a federal court to allow it to appoint a fiduciary for the employee retirement fund at Lily Pond Nursing Home, formerly of Staten Island.

Your retirement benefits options defined

04/27/2016
It pays to understand your different retirement options.

DOL secures judgment against retirement plan fiduciary

04/22/2016
The U.S. Department of Labor has secured a judgment against a San Jose construction firm after an investigation revealed that employee contributions to the company’s retirement plan were never deposited.

New fiduciary standard could affect 401(k) rollovers

04/14/2016
The DOL has issued a final rule requiring retirement advisors to tell clients if they receive commissions for recommendations.

Snapshot: Huge gap between retirement 'haves' and 'have nots'

03/23/2016

How much do you have save for your retirement?

Report: 401(k)s leave most unprepared to retire

03/18/2016
The shift from pensions to 401(k)plans has failed most American workers and disproportionately harmed disadvantaged groups, according to a new report from the Economic Policy Institute think tank.

DOL sues to wind down old 401(k) in Eagan

02/12/2016
We’ve all seen those commercials asking if employees have left something behind at an old employer such as an old 401(k) plan. Well, if the U.S. Department of Labor allegations are true, Carr Freight Systems forgot about its plan as well.

Avoid age-bias risk when talking retirement

01/21/2016

Supervisors and HR walk a legal tightrope when discussing retirement plans with older workers. If it appears you’re pushing an employee out the door based on his age—or if you suddenly eliminate his position after discussing retirement—you’ll be setting yourself up for an age discrimination lawsuit.

IRS: Retirement plan limits will remain steady in 2016

11/10/2015
For the most part, the annual caps on 401(k) and other defined contribution retirement plans for defined benefit pension plans will stay the same from 2015 to 2016.

Retirement crisis continues: Median savings just $2,500

11/03/2015
The typical working household has virtually no retirement savings, according to a study by the nonprofit National Institute on Retirement Security. When all households are included—not just those with retirement accounts—median retirement savings added up to just $2,500.

DOL pushes retirement advice rule change

10/20/2015
Public comments closed last month on a proposed DOL rule to redefine the conflict-of-interest standard retirement plan fiduciaries must meet. It’s part of an Obama administration effort to require defined-contribution retirement-plan advisors to act in account holders’ best interests, not just provide “suitable” advice, as the law currently requires.

Consider phased retirement process to retain expertise

09/10/2015
Why not hold onto what a skilled worker can give you as long as you can, rather than letting that knowledge walk out the door all at once?

Don't set weekend deadline for appealing benefits denial

08/26/2015
When an employer (or plan administrator) denies a request to receive an ERISA-covered benefit, it must inform the employee that he must appeal by a certain date, typically 180 days. When the 180th day falls on a weekend, those days aren’t counted.

More older workers keep working

08/19/2015
The number of older people who continue to work has increased dramatically in 10 years, with workforce participation among those 65 and older increasing by more than 80%. Here’s the percentage change in work participation by age, from 2006 to 2016.
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