Retirement Trends

Governor Tom Corbett wants the legislature to pass changes that would deal with escalating retirement contributions for the state and school districts as well as Pennsylvanias unfunded pension liability.

JPMorgan Chase & Co., the largest U.S. lender, to sell its large-market 401(k) recordkeeping business to a division of Canadian life insurer Great-West Lifeco Inc.

Stanford University is offering potential retirees the chance to put off retirement and instead try a second career or embark on a new project.

Financial literacy has become a priority for corporations, multiemployer trust funds and public-sector employers in both the U.S. and Canada, according to a survey by the International Foundation of Employee Benefit Plans.

Nearly three-quarters, 74 percent, of employers who offer a defined contribution plan believe their employees' retirement readiness is a critical measure of whether their current retirement benefits program is a success, according to the LIMRA Secure Retirement Institute.

A brief reviewed four household surveys and found that at any given point, only about half of private sector wage and salary workers age 25-64 participate in a plan.