International Business News - Retirement http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The state of workers' retirement: _Workers today will need to save 126 percent of their income each year to maintain their lifestyles upon retirement. http://www.ibtimes.com/articles/20080701/the-state-of-retirement-savings-for-us-workers.htm Tue, 01 Jul 2008 14:17:58 EDT Four out of five workers aren't saving enough to maintain their lifestyle after retirement, with women being at a disadvantage because of their longer life spans and lower pay, according to a study released Tuesday. http://www.ibtimes.com/articles/20080701/study-workers-not-saving-enough-for-retirement.htm Tue, 01 Jul 2008 17:07:35 EDT A majority of near-retirees overestimate how much they can withdraw each year from savings to pay for retirement and most also underestimate their average life expectancy, according to a survey released Wednesday by the MetLife Mature Market Institute. http://www.ibtimes.com/articles/20080625/study-shows-near-retirees-savings-knowledge-low.htm Wed, 25 Jun 2008 12:22:42 EDT The Supreme Court ruled Thursday that Kentucky's retirement system does not discriminate against older workers. The court, in a 5-4 ruling, says the retirement system reasonably takes age and length of service into account when structuring benefits for disabled workers who are eligible for retirement. http://www.ibtimes.com/articles/20080619/court-finds-no-age-bias-in-ky-retirement-system.htm Thu, 19 Jun 2008 11:52:25 EDT The California Assembly has approved legislation that would allow private-sector employees to save for retirement through programs offered by CalPERS. http://www.ibtimes.com/articles/20080530/calif-oks-retirement-plan-for-state-workers.htm Fri, 30 May 2008 11:10:33 EDT A Rockwell Collins Inc. executive announced is retiring and the company named an immediate successor. The Cedar Rapids-based aviation electronics manufacturer and defense contractor announced Monday that Denny Helgeson, the vice president and general manager of business and regional systems, will retire this fall after 33 years with the company. http://www.ibtimes.com/articles/20080520/rockwell-collins-business-systems-manager-retiring.htm Tue, 20 May 2008 12:31:12 EDT Americans worry that inflation and the rising cost of health care are increasing the risk that they will run out of money in retirement, according to a study released Monday. http://www.ibtimes.com/articles/20080519/americans-worry-about-funding-a-long-retirement.htm Mon, 19 May 2008 11:36:20 EDT L. Douglas Wilder, the nation's first elected black governor, announced Friday that he would not seek re-election as Richmond's mayor, likely bringing his storied political career to a close. http://www.ibtimes.com/articles/20080516/wilder-wont-run-for-2nd-term-as-richmond-mayor.htm Fri, 16 May 2008 18:21:13 EDT The retirement assets of Americans grew 7 percent to $17.6 trillion last year, with the strongest growth coming from worker contributions to 401(k) accounts and other company-sponsored plans and to Individual Retirement Accounts. http://www.ibtimes.com/articles/20080508/ici-consumer-retirement-assets-rise-to-17-6-trillion.htm Thu, 08 May 2008 13:51:39 EDT State Assemblyman Kevin De Leon wants to let private sector employees invest in the state's public employee retirement plan. The Los Angeles Democrat said the California program he announced Tuesda... http://www.ibtimes.com/articles/20080409/calif-lawmaker-proposes-retirement-plan.htm Wed, 09 Apr 2008 13:19:37 EDT Rising health care costs and the faltering economy are making consumers worry that they won't be able to save enough for a comfortable retirement. The Employee Benefit Research Institute's... http://www.ibtimes.com/articles/20080409/workers-worry-over-retirement-readiness.htm Wed, 09 Apr 2008 00:02:34 EDT Workers are increasingly looking for their employers to give them access to financial planning and retirement advice, according to a study being released on Monday. MetLife's annual employee benefi... http://www.ibtimes.com/articles/20080407/employees-seek-planning-help-at-work.htm Mon, 07 Apr 2008 09:27:00 EDT The Alaska Legislature has agreed to give the state another financial tool albeit a somewhat risky one to help pay down a massive debt in its retirement systems. On Thursday, the Senate unanimously ... http://www.ibtimes.com/articles/20080404/alaska-pension-obligation-bonds-pass.htm Fri, 04 Apr 2008 13:06:05 EDT U.S. Bancorp said Wednesday the chief executive of its community development corporation Kathy Bader will retire at the end of March after 18 years with the company. http://www.ibtimes.com/articles/20080326/u-s-bancorp-unit-ceo-to-retire.htm Wed, 26 Mar 2008 18:11:45 EDT Retirement and financial services company Principal Financial Group Inc. said Tuesday its chairman and chief executive will retire in December. J. Barry Griswell, 58, will leave the company on Dec. 31, the company said in a regulatory filing. http://www.ibtimes.com/articles/20080325/principal-ceo-retiring-in-december.htm Tue, 25 Mar 2008 12:07:34 EDT More than three-quarters of U.S. citizens expect to pay off their mortgages before they retire despite falling housing prices and record numbers of foreclosures, according to a survey released Monday. http://www.ibtimes.com/articles/20080225/most-americans-see-paying-off-mortgage.htm Mon, 25 Feb 2008 16:38:31 EST Trent Charlton knew the risks when he borrowed $10,000 from his 401(k) and cut his retirement savings in half. But Charlton, a 40-year-old account executive at an Irvine, Calif., trucking company, said he had little choice because he and his wife could not keep up with monthly expenses after American Express reduced the limits on three credit cards. http://www.ibtimes.com/data/articleimgs/28417-borrowing-against-retirement.jpg http://www.ibtimes.com/articles/20080219/more-people-tap-401-k-accounts-for-cash.htm http://www.ibtimes.com/articles/20080219/more-people-tap-401-k-accounts-for-cash.htm Tue, 19 Feb 2008 15:05:16 EST Many baby boomers are not going to be able to maintain their standard of living in retirement, not only because they're not saving enough but also because they face skyrocketing health care costs. http://www.ibtimes.com/articles/20080219/health-costs-loom-large-for-retirees.htm Tue, 19 Feb 2008 00:14:51 EST Those online retirement calculators are handy and dandy. Pop in a few numbers and they tell you whether you're on track for the retirement of your dreams... or, more likely, that there's been a serious derailment. http://www.ibtimes.com/articles/20080110/retirement-calculators-funds.htm Thu, 10 Jan 2008 09:17:32 EST Rep. John Peterson, a vocal opponent of interstate tolling and leading congressional advocate for rural America, announced his retirement on Thursday. http://www.ibtimes.com/articles/20080103/pa-rep-peterson-announces-retirement.htm Thu, 03 Jan 2008 20:03:23 EST