Government values the security that workplace defined-benefit pension plans
provide and wants them to continue so Nova Scotians can have peace of mind in their retirement years, said Finance and Treasury Board Minister Karen Casey.
nonfinancial companies with defined-benefit pension plans
and found that 160 of them had plans that were less than 80% funded, Barron's reports.
Educators in public schools in the United States are typically enrolled in defined-benefit pension plans
, which penalize across-plan mobility.
companies continue to shift from defined-benefit pension plans
Defined-benefit pension plans
are consistently earning higher rates of return than 401(k) plans, according to an analysis released in February.
As Fran Hawthorne details, defined-benefit pension plans
are now the exception rather than the rule in American business.
One-third of private sector employees in America partake in private defined-benefit pension plans
. (8) Nevertheless, Americans are unprepared for retirement.
ADVOCATE FOR mandatory coverage of ESPs by a retirement system or plan that provides a guaranteed benefit without assuming risk, such as defined-benefit pension plans
, which guarantee a set monthly income upon retirement.
About half of the legislation deals with traditional defined-benefit pension plans
, but other parts discuss the more popular defined-contribution plans and IRAs, which affect more taxpayers than do the traditional pension rules.
Increasing medical costs, rising life expectancy and the shrinking role of defined-benefit pension plans
have combined to create an investment period that Prudential Financial has dubbed the Retirement Red Zone[SM].
said Friday it has assumed responsibility for the pensions of nearly 4,000 employees and retirees of Aloha Airlines, which emerged from bankruptcy in February, two months after it received US District Court permission to cancel its defined-benefit pension plans
to which it owed $155 million.
Hawaii's Aloha Airlines has been granted court approval to terminate its employees' defined-benefit pension plans