Retirement Trends

Bank of America has decided to move its employee retirement plan to its own Merrill Lynch platform.

The Canadian company takes a loss in its third-quarter after the sale of its U.S. annuities business three months ago.

The OPM says it has been able to reduce the number of federal retirement applications stuck in limbo, marking the third month in a row the backlog was smaller than forecast.

Widows have to deal with myriad difficulties after their spouse's death, including filing income taxes, financial planning, and understanding Social Security benefits.

In a win for organized labor, the voters of Cincinnati bucked a national trend and voted down proposed change to their city's public retirement system.

Expect to see higher cash bonuses and equity awards this year, up five to 10 percent. Figures, however, will vary by firm.