Recently, Business Insurance cartoonist Roger Schillerstrom published a montage of illustrations chronicling some of the highs and lows in the world of pensions over the past decade.
Our communications team also decided to document the agency's history by adding a cool new feature to the Facebook page — a photo movie. With pictures from day one, it highlights important milestones and behind-the-scenes efforts that protect America’s pensions.
It’s another short and simple way of telling our story.
Check out our Facebook movie timeline.
Photo Credit: Roger Schillerstrom, Business Insurance
Photo Caption: After the PBGC opposes American Airlines' plan to terminate its pension plans, the airline backtracks and agrees to freeze the plans instead, sparing the PBGC from what would have been its biggest-ever loss.
Here's what made headlines this week in pension news:
The Wichita Eagle publishes, "Judge OKs request to consolidate Hawker pension claims."
"The Internal Revenue Service (IRS) and Pension Benefit Guaranty Corporation (PBGC) will host a phone forum on September 27 to discuss the Moving Ahead for Progress in the 21st Century Act (MAP-21) and changing segment rates," PLANSPONSOR.COM.
The New York Post publishes, "Biz gets pensions break."
"Going to work for the government has always come with an ironclad promise: Your pension benefits will be there when you retire," The Sacramento Bee.
PBGC will pay retirement benefits for over 500 current and future retirees of B'nai B'rith International, a Jewish advocacy organization based in Washington, DC.
The agency stepped in because B'nai B'rith wouldn't have been able to pay its bills or stay in business unless the plan was terminated.
The B'nai B'rith pension plan ended as of April 30, 2011. PBGC will pay all pension benefits earned by the organization's retirees up to the legal limit of $54,000 a year for a 65-year-old.
Here's what made headlines this week in pension news:
Smart Business Network writes "How to overcome benefit plan challenges and structure your plans properly."
Pensions & Investments reports "Pension investment strategy in light of new law."
CNNMoney publishes "Your pension: Lump sum vs. monthly payments."
Dow Jones Newswires runs "Hawker Says It Is Closer to Superior Deal, Settles With PBGC."
There are a number of websites and online tools to help with retirement planning. In particular, retirement calculators are one of the most useful tools in helping future retirees figure out how much to save for retirement. Although this tool, in its many variations, can be extremely helpful, very few actually provide detailed instructions on how best to use them. Fortunately, CBSNEWS.COM features Steve Vernon's tips on using retirement calculators:
- Tip #1: What rate of return do you expect on your retirement savings?
- Tip #2: When do you expect to retire?
- Tip #3: How long will you live?
- Tip #4: How much retirement income do you need?
- Tip #5: Should you include Social Security benefits?
Read the CBSNEWS.COM full article:http://www.cbsnews.com/8301-505146_162-57494187/5-tips-for-using-retirement-calculators/.
