Featured Jobs
|
Southern Pension Services
|
|
BPAS
|
|
MAP Retirement
|
|
Retirement Plan Consultants
|
|
Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
|
|
Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
|
|
Managing Director - Operations, Benefits Daybright Financial
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
BPAS
|
|
Retirement Relationship Manager MAP Retirement
|
|
July Business Services
|
|
BPAS
|
|
Pentegra
|
|
Regional Vice President, Sales MAP Retirement USA LLC
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
Anchor 3(16) Fiduciary Solutions
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Washington Post Announces Cuts to Employees' Retirement Benefits
The Washington Post; subscription may be required 
Sept. 24, 2014
"The Washington Post announced large cuts in retirement benefits on Tuesday, declaring that it would eliminate future retirement medical benefits and freeze defined-benefit pensions for nonunion employees.... The changes will hit hardest at employees hired before 2009 who could plan on receiving pension payments based on their income and years of service. Each of those employees could see scores -- or hundreds -- of thousands of dollars less over the course of a retirement. More recent hires do not have traditional pension plans. The Post will create a new cash balance plan to replace the pensions for nonunion employees and a separate but similar plan for those covered by the union."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |