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Firms to freeze pension benefits, rethink investments


At least 40% of organizations are likely to freeze or change their pension benefits because of the recession, a new poll reveals.

Retired NFL players’ blitz throws union for a big loss


Usually, employers get zapped when employees sue, but that isn’t always so. Sometimes the union that represents employees gets slapped with a huge penalty, too—especially if it neglected to look out for workers’ interests.

N.J.’s pension strategy: ‘Promise to pay up later, OK?’


Tough times call for tough measures. To cope with the effects of the state’s $1.2 billion budget shortfall on its pension obligations, Gov. Jon Corzine has suggested a time-honored, if not terribly innovative, remedy: an IOU.

Trenton power broker convicted of bribery and pension fraud


Former state Sen. Wayne Bryant, once one of New Jersey’s most powerful politicians, was convicted of bribery and pension fraud for taking state jobs for which he did no work and steering state business to cronies in return.

Congress OKs pension-plan funding relief bill


Employer retirement plans suffered huge losses in 2008, and employers would face even more burdens if they had to comply with new, stricter funding rules passed under the Pension Protection Act of 2006. For that reason, Congress last month voted to ease those rules …

10 ways Generation Y will change the workplace


There’s no doubt Generation Y will fundamentally change corporate America. It’s already started. Managing Gen Y is a hot topic among consultants, HR executives and talent management professionals. For a Gen Y’er like me, this is great news. We’re primed to change the workplace for the better. Here’s how we’ll do it.

By The Numbers: Top executive pay down 4%


A cynic might say a 4% average earnings decline isn’t enough, but at least the highest-paid executives in America’s publicly traded corporations are feeling some of the pain of the financial meltdown.

When in doubt, add a stamp


When Medical Mutual Insurance of Ohio learned that 11 computer disks mailed to state retirement groups in Columbus had not arrived, the insurer contacted the U.S. Postal Service. There was reason for concern: The disks contained personal information on 36,000 Ohio retirees …

A few bright spots in an otherwise bleak economy


One piece of reassuring economic news for North Carolina state workers: The pension kitty is fully funded and continues to outperform other government pension funds, despite a bleak economic year.

Retirees who take lump sum still have standing to sue


Don’t think that employees who take their retirement benefits in a lump sum can’t sue for alleged fiduciary breaches. A recent federal appeals court decision says although retirees are not technically employees anymore, they still have standing to sue …