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October 8, 2008 4:49:32 AM CDT

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Stories related to: retirement benefits

Stories

5 Stories

  • September 2008

    • Retirees Hit Hard by Markets

      New York Times  |  Sep 23, 08 10:43 AM CDT

      Retirees Hit Hard by Markets

      (Newser) - Among those hardest hit by the financial crisis are retirees, and they have less chance to recover than their younger counterparts, the New York Times reports. As companies have abandoned fixed pensions for 410(k)s, retirees can lose large percentages of their wealth in a short period. And low-risk investments, like bonds, simply don't offer enough income. More »

      Tags

      retirement  • subprime mortgage crisis  • financial markets  • pensions  • retirees  • retirement benefits

  • August 2008

    • Fannie, Freddie Employees Watch Assets Plunge

      New York Times  |  Aug 29, 08 8:51 AM CDT

      Fannie, Freddie Employees Watch Assets Plunge

      (Newser) - As the stock prices of mortgage giants Fannie Mae and Freddie Mac plunged 80% this year, employees of the companies helplessly watched their fortunes sink with the ship, the New York Times reports. For instance, Fannie Mae’s workers owned $116 million in company stock at the end of 2006; today it’s worth $17.5 million. The sale of stock and options paid to employees was often restricted, making diversification difficult. More »

      Tags

      credit crisis  • Fannie Mae  • Freddie Mac  • subprime mortgage crisis  • stock price  • retirement benefits  • stockholders

    • Firms Gamble Pensions to Fund Exec Perks

      Wall Street Journal  |  Aug 4, 08 9:18 AM CDT

      Firms Gamble Pensions to Fund Exec Perks

      (Newser) - Companies from CenturyTel to Intel are funneling pension benefits to retired executives at the expense of workers, using a practice that potentially violates tax rules and puts pension plans at risk, reports the Wall Street Journal . Hundreds of millions of dollars in long-term benefits pegged for executives are draining plans at the expense of the rank and file. More »

      Tags

      Intel  • IRS  • executive compensation  • pensions  • Internal Revenue Service  • retirement benefits

  • July 2008

    • Employers Use Law to Withhold Benefits

      Associated Press  |  Jul 5, 08 6:41 PM CDT

      Employers Use Law to Withhold Benefits

      (Newser) - Thomas Amschwand was dying, but made sure his wife would collect on his $426,000 life insurance policy. Yet when he died, his boss withheld the money, and his wife was powerless—because a federal law stops workers from suing employers for large sums of health, life, or retirement benefits. Amschwand’s wife recovered her husband's premiums, which didn't even cover the funeral. More »

      Tags

      lawsuit  • US Supreme Court  • health insurance  • life insurance  • benefits  • retirement benefits

  • April 2008

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