retirement funds

3 Stories

Early Cheerleaders of 401(k) Plans Are Now Changing Tune

They point to major issues, such as dependence on stock market, high fees

(Newser) - When 401(k) plans emerged in the '80s, they were supposed to complement pensions, not replace them. But as the Wall Street Journal reports, only 13% of workers in the private sector today hold pensions thanks to the 401(k) revolution—and original proponents of the tax-deferred savings plans are now... More »

MyRAs Not Enough to Fight 'Retirement Crisis'

President Obama's proposal is only a modest start: opinions

(Newser) - President Obama's MyRA proposal, announced at the State of the Union , is not enough to save the retirement system. At least that's the takeaway from two columns on the plan:
  • "The system is failing," write the editors at Bloomberg . Workers aren't saving enough, employers aren'
... More »

Detroit Officials Take $22K Taxpayer-Funded Hawaii Trip

Pension trustees attend conference at resort with public money

(Newser) - Detroit is $15 billion in debt, but that hasn't stopped some officials from visiting a resort in Hawaii on the public dime. Four city public pension fund trustees used $22,000 of retirement system funds to attend a conference at a four-star resort in Honolulu this week, reports Reuters... More »

3 Stories