Pensions in peril
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Pensions in peril helping workers preserve retirement security through a recession : hearing before the Committee on Health, Education, Labor, and Pensions, United States Senate, One Hundred Eleventh Congress, first session ... October 29, 2009 by United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions.

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Published by U.S. G.P.O., For sale by the Supt. of Docs., U.S. G.P.O. in Washington .
Written in English

Subjects:

  • Termination,
  • Pension Benefit Guaranty Corporation,
  • Government policy,
  • Pension trusts,
  • Old age pensions

Book details:

Edition Notes

SeriesS. hrg -- 111-1078
Classifications
LC ClassificationsKF26 .L27 2009r
The Physical Object
Paginationiii, 116 p. :
Number of Pages116
ID Numbers
Open LibraryOL25196579M
ISBN 10016089901X
ISBN 109780160899010
LC Control Number2011506583
OCLC/WorldCa768482074

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If a pension fund is short when workers retire, the state has three options: raise taxes, cut spending, or default on its obligation to retired employees. The good news is the minimum annual benefit promised by a defined-benefit pension plan is certain. The bad news is the pension fund’s solvency could be anything but. Problematic Calculations. Pensions in Peril Congress aims to shore up a key guarantor the books of so many corporate defined-benefit plans that they may never be able to pay . Get this from a library! Pensions in peril: helping workers preserve retirement security through a recession: hearing before the Committee on Health, Education, Labor, and Pensions, United States Senate, One Hundred Eleventh Congress, first session Octo [United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions.].   Is your pension in peril? Our expert says the concern is overblown. June 6, AM EDT More information on Updegrave's new book. NEW YORK (CNN/Money) - After reading about the people.

Mid-America Pension Rights Project locates “lost” pensions for 70 people Mid-America Pension Rights Project works with Department of Labor to overturn wrongful benefit denial New England Pension Assistance Project locates pension for widow. These plans are insured by the Pension Benefit Guarantee Corp. (PBGC) should their firms go bankrupt. The government agency covers pensions, up to a limit - $42, per year for a year-old worker retiring this year. "Thank God!" says Alicia Munnell, a pension expert at Boston College. "The PBGC is going to be sorely tested in the years ahead.". Cities across the United States are facing $7 trillion in outstanding pension liabilities. This conference, part of the Anton/Lippitt Conference on Urban Affairs at Brown University, shed light on how municipalities are addressing this financial challenge.   Disparities like that help explain why so many pensions are in peril. Simply put: Obligations have outpaced fund contributions and growth for private and public plans. That means that even workers.

Pensions in peril. The business world is adopting safer, but lamer, pension : Hilary Salt.   Pension plans in peril Members of the International Brotherhood of Teamsters rally outside the U.S. Capitol in April to protest a plan by the Central States Pension Fund to reduce payments to. Pension deficit disorder The agency established in to insure private pension plans, the Pension Benefit Guaranty Corp., is—by many accounts—in deep trouble. Poor financial management, bad bets in a falling stock market and an underlying problem of moral hazard have left too few assets in the system to pay pension benefits in the future.   Pensions in the S&P were % funded in , while OPEBs were only funded at a level of 32%. The companies most underfunded on their Other Post Employment Benefits in were: Verizon ($ billion), AT&T ($ billion), Exxon Mobil ($ billion), General Motors ($ billion) and Ford ($ billion).