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April 16, 2014
DOL nails advisor for ERISA violations
An Iowa-based investment advisor is being forced to repay $341,487 to 68 pension plans he and his company worked with from May 2007 through November 2011. ... Full Story
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April 16, 2014
MassMutual Retirement Services announces new senior management
Among the changes, Eric Wietsma, current Senior Vice President of Investments, will lead the Sales & Worksite Education organization. ... Full Story
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April 16, 2014
Government ends efforts to collect old Social Security debts
The move came after Social Security recipients and members of Congress complained that people were being forced to repay overpayments that were sometimes paid to their parents or guardians when they were children. ... Full Story
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April 16, 2014
Millennials savvy when considering retirement
Eighty percent of millennial workers say they have a monthly budget and two-thirds have established an emergency fund. ... Full Story
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April 16, 2014
PPACA keeping tax preparers busy
The Patient Protection and Affordable Care Act — and questions surrounding its impact — is giving tax advisors and preparers a new role as health care advisors. ... Full Story
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April 16, 2014
Push to ban non-compete agreements picks up steam
Non-compete agreements are coming under increased fire. In the latest attack, Massachusetts Gov. Deval Patrick has promised to send a major commercial legislative package to the state legislature, the highlight of which would outlaw the non-compete contract.... Full Story
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April 15, 2014
85 percent of public pensions could go bust in 30 years
Public pension plans now have just $3 trillion to invest to be able to pay out future benefits of $10 trillion over the next decades. ... Full Story
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April 15, 2014
PBGC could go down due to underfunded multiemployer pension plans
A report by the Government Accountability Office found that while the most severely distressed multiemployer plans have taken steps to address their funding problems, some did not. ... Full Story
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April 15, 2014
Enrollment surge didn’t help public opinion
The administration may have praised the late surge of enrollments in PPACA, but the public doesn’t seem any more impressed by the law because of it. ... Full Story
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April 15, 2014
At Amazon, they pay you to quit
Amazon CEO Jeff Bezos has equipped his managers with a tool dubbed the “Pay to Quit” program, offering unhappy workers a bonus to leave. ... Full Story
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April 15, 2014
Illinois Senate approves bill to create retirement plan
Called the Secure Choice plan, it would give them access to savings accounts that would be similar to traditional IRAs. ... Full Story
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April 15, 2014
TIAA-CREF to buy Nuveen Investments
Financial services provider TIAA-CREF announced Monday that it will acquire Nuveen Investments, a diversified investment management company with approximately $221 billion in assets under management.... Full Story
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April 15, 2014
The fast-fading days of retiree health coverage
Employers are trying out all kinds of approaches to better manage retiree health costs, though the day will eventually come when just a handful will offer such benefits to the over-65 set.... Full Story
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April 15, 2014
Failing to live up to diversity, inclusion goals
Despite efforts over the years to take diversity and inclusion in the workplace seriously, evidence continues to surface that suggests neither are organizational priorities.... Full Story
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April 14, 2014
Not one company on London stock index offers pensions to new hires
In the last 10 years, the use of matching contributions has nearly doubled, with more than three-quarters of the FTSE 100 now using matching contributions. ... Full Story
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April 14, 2014
Most baby boomers don’t understand the retirement tax landscape
More Americans know how lottery winnings are taxed than how Social Security, IRAs, Roth IRAs and 401(k)s are taxed, a study found. ... Full Story
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