The Retirement Crisis

ARIA Pensions Blog, Email: sitemanager@ariapensions.ca, 12 Dunlop Street East, Barrie, Ontario, Canada, L4M 1A3

Plans by the UK’s Royal Mail to replace its defined benefit pension plan is being met with strike action by workers, reports Chief Investment Officer (CIO). Workers who voted, 73 per cent, voted 89.1 per cent in favour of strike action, says the Communications Workers Union (CWU),  “which last month called on more...

Teachers from the West Kentucky region rallied in downtown Greenville to voice their concern about a proposal to move public sector workers, including teachers, from a pension to a 401 (k) savings scheme, writes Paige Hagen for 14News.com. “Teachers work their whole career, and for very little pay, expecting a...

He is known as the father of the 401 (k), but Ted Benna is no fan of the fees and expanse of investment choices that sprang from his creation. Now, writes Bruce Shutan for Employee Benefit Advisor, Benna “has reinvented the wheel for small businesses that struggle to afford a retirement benefit offering,” devising three...

In a corporate system that rewards profit-making over fairness, protection for corporate pensioners needs to be clear and “bullet-proof” writes Wanda Morris for the Financial Post. Morris, vice president of advocacy for CARP, says that legislation to protect pensioners is needed, and “that why CARP is demanding”...

News that British Airways plans to close its main pension plan isn’t sitting well with unions representing the airline’s workers, and they are demanding urgent talks with the carrier. The airline says the move is driven by a “significant and growing” deficit for the plan that has 17,000 members, writes James Sillars...

A large majority of Kentuckians, 86 per cent, believe that all workers deserve to have a pension plan that delivers retirement security, says The Lane Report. Additional, new polling from the National Institute on Retirement Security (NIRS) shows that 92 per cent of Kentuckians agree that pensions are.effective in...