Retirement Trends

The IRI wants to work with Sen. Ron Wyden in his new post as Chairman of the Senate Finance Committee and welcomes the opportunity to partner with him as they work to advance retirement security in America.

AOL announced that only employees who are active on Dec. 31 will be given a matching contribution. And that total wouldnt be distributed until the following year.

For the second time in little more than a week, a group decrying the cost of public pensions has launched a website listing the benefits paid to about 50,000 former state and local government employees.

Much of the growth in balances came from the stock markets, which hit records last year, with 22 percent due to employee contributions and matches from employers.

The S&P 500 slipped 0.1 percent to 1,818.35 at 10:18 a.m. in New York, after falling as much as 0.6 percent earlier. The Dow Jones Industrial Average lost 19.87 points, or 0.1 percent, to 15,944.07.

Lawyers for plaintiffs Clarice Whitmore and Helga Maria Schulzki claimed the asset manager raided the insurers cash reserves after taking control of them, threatening the security of the annuities they sold.