Ret plans - info for employees (BenefitsLink.com)Headlines re Ret plans - info for employees, gathered by BenefitsLink.comSocial Security Administration Adds Retirement Estimator to Web-based Benefits Calculators Suite- (Found June 24, 2008 ) Excerpt: "The Social Security Administration (SSA) announced May 12 that it intends to add a new calculator to its suite of online Benefits Calculators. The Retirement Estimator, will allow individuals to estimate potential retirement benefits in real time, based partly on their SSA-maintained records and partly on user-entered information." (Hewitt Associates)http://www.hewittassociates.com/Intl/NA/en-US/KnowledgeCenter/LegislativeUpdates/Washingto... Adequacy of Economic Resources in Retirement and Returns-to-Scale in Consumption- (Found June 24, 2008 ) Excerpt: "Most assessments of the adequacy of retirement resources are expressed as a comparison of preretirement income to immediate post-retirement income. Yet, among couples a substantial fraction of retirement years is eventually spent by the surviving spouse living alone. To the extent that singles need less than couples to maintain the same standard of living, assessments of the adequacy of economic resources that make no adjustment for widowing will systematically misstate economic..http://www.mrrc.isr.umich.edu/publications/index_abstract.cfm?ptid=1&pid=569 Forecasting Labor Force Participation and Economic Resources of the Early Baby Boomers- (Found June 24, 2008 ) Excerpt: "This paper forecasts the retirement patterns and resources of the Early Baby Boomers by estimating forward-looking dynamic models of labor force participation, wealth accumulation and pension and Social Security benefit claiming for older workers using seven waves of HRSdata. The two most important innovations of our proposed approach are the use of alternative measures of pension entitlements and the associated incentives, and accounting for subjective expectations about future..http://www.mrrc.isr.umich.edu/publications/index_abstract.cfm?ptid=1&pid=570 More Dip Early Into Funds for Retirement - Hardship Withdrawals Can Cause Long-Term Jeopardy- (Found June 24, 2008 ) Excerpt: "Record numbers of Americans are raiding their retirement savings as the economy has soured, threatening their long-term financial security to make their mortgage payments, pay medical bills, and cope with rising food and fuel costs." (The Boston Globe)http://www.boston.com/business/articles/2008/06/06/more_dip_early_into_funds_for_retiremen... Retirees Fear Spending Down Retirement Nest Eggs, According to Survey- (Found June 24, 2008 ) Excerpt: "A new Nationwide survey found that 57% of retirees are only spending their pension distributions and Social Security benefits without dipping into the rest of their retirement savings." (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type10/?RECORD_ID=41743 Tech Workers Finding It Easy to Get Lost on Road to Retirement As IPO Market Isn't As Dependable As It Once Was- (Found June 24, 2008 ) Excerpt: "The mythology of the technology boom was that employees would give their all for the company cause and then wait for the big payoff. It could come from an initial public offering -- where frenzied investors would magically turn stock options into cash -- or from a lucrative buyout by a larger firm." (The Austin American-Statesman)http://www.statesman.com/business/content/business/stories/technology/06/09/0609plugged.ht... Interest Earned on Savings During Retirement Is Critical- (Found June 24, 2008 ) Excerpt: "What this means for workers today is to make sure their retirement plan is focused on long-term returns through diversified investments in the plan and not move money into conservative investments during down periods, which can increase the chances money is not invested during stock rallies. Employees with large balances should consider hiring a fee-only adviser to ensure proper diversification according to the time until retirement and again once in retirement."...http://www.sanluisobispo.com/business/national/story/382637.html Boomers not Following Parents' Example for Retirement Planning- (Found June 24, 2008 ) Excerpt: "A new study by NAVA, the Association for Insured Retirement Solutions, reveals that baby boomers are failing to follow the retirement planning disciplines that enabled their parents to achieve a satisfying retirement." (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type10/?RECORD_ID=41784 Few Slashing Retirement Savings as Economy Slowdown Continues- (Found June 24, 2008 ) Excerpt: "The latest data from the Principal Financial Well-Being Index indicate that a scant 3% of workers have cut back on retirement savings contributions in response to rising prices amid an economic slowdown." (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type10/?RECORD_ID=41780 Gannett Freezes Employee Pensions, Ups 401(k) for Many- (Found June 24, 2008 ) Excerpt: "Gannett this afternoon announced it is freezing the pensions of company employees, according to sources at several newspapers, who said a memo on the plan was sent today from Gannett CEO Craig Dubow. The change includes a change in 401(k) match, with employees gaining main Gannett stock for each contribution to their 401(k) fund." (Nielsen Business Media, Inc.)http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003815509 |