19 06, 2014

Kroger restructures multiemployer pension fund participation

2014-06-19T23:50:42-07:00June 19th, 2014|Categories: Pension Funding|Tags: , , , |

Kroger Co., Cincinnati, is restructuring its participation in some multiemployer pension funds, spokesman Keith Dailey said. The changes represent additional steps in the company’s ongoing efforts to address its pension liabilities, Mr. Dailey said. Kroger announced it is moving the liabilities for 870 current employees and 840 retirees in Washington state to the UFCW Consolidated Pension Fund, Atlanta, from the Washington Meat Industry Pension Trust, Seattle. […]

24 03, 2014

Face the hard truth about retirement

2014-03-24T22:10:22-07:00March 24th, 2014|Categories: Retirement|Tags: , , , , |

Over half of workers who are actively participating in 401(k)-type savings plans are accumulating debt faster than they are building their retirement nest egg. And a new survey of U.S. workers and retirees just released by the Employee Benefit Research Institute shows more than one-third of workers have less than $1,000 saved for retirement; more than half have less than $10,000 set aside. Think about that for a minute. Denial or hoping to win the lottery are becoming the [...]

13 03, 2014

Cranley pension plan:
‘Brilliant’ or Band-Aid?

2014-03-13T22:08:33-07:00March 13th, 2014|Categories: Pension Reform|Tags: , , , |

If Cincinnati finally solves its thorniest financial problem – its employee pension fund – it will be because of the collision of a good idea, willing “adversaries” and deadline pressure. Mayor John Cranley on Tuesday proposed asking the federal courts to oversee a consent decree to stabilize employees’ retirement and health benefits without putting the city at financial risk. The city manager would be authorized to enter binding negotiations with current employees and retirees that would result in reduced [...]