-
Top Companies Continue to Drop Pensions
Tweet Share on Facebook October 26, 2012 CommentMost new hires at the nation’s top employers were offered a 401(k) as their sole retirement plan this year. A record high of 70 companies in the Fortune 100 provided only a 401(k) or similar type of retirement account to new hires in 2012, compared with 67 firms in 2011 and 63 employers in 2010, according to a recent Towers Watson analysis. There are just 30 companies currently in the Fortune 100 that continue to offer a traditional (11 firms) or hybrid (19 firms) pension plan to new employees.
-
6 Ways Social Security Will Change in 2013
Tweet Share on Facebook October 16, 2012 CommentSocial Security recipients will get slightly bigger checks in 2013. The Social Security Administration also recently announced several other ways the program will be tweaked in the coming year. Here’s a look at the Social Security changes workers and retirees will experience next year:
