Supreme Court to hear bid to limit retirement-plan lawsuits
The U.S. Supreme Court agreed to use an appeal by Intel Corp. to consider tightening the deadlines for lawsuits over the investments made by worker retirement plans.
Retirement
Articles
Morgan Stanley’s Kathy Birk is a by-the-book ‘maverick’
When Kathy Birk retires next month as manager of Morgan Stanley’s local operations, she’ll achieve a rare milestone in a stressful industry where most people wash out or get fired first.
Survey: U.S. retirement savings in best shape in years
The surging stock market, which has more than quadrupled since early 2009, has helped increase the value of 401(k) and Individual Retirement Accounts.
Social Security recipients to get tiny increase in benefits
Millions of Social Security recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low or no raises.
Retirements, aging population cause nursing shortage
Facing a surge of retiring nurses and a growing number of patients, Indiana hospitals are scrambling to fill thousands of nursing positions, raising questions about whether they will be able to keep operations fully staffed.
Student debt may be the next crisis facing older Americans
Twenty-seven percent of education loans held by people age 65-74 were in default in 2013, meaning they hadn’t made a payment in 270 days or more. More than half of education loans held by people 75 and older were in default.
Auer Growth Fund, falling short of name, plans to stay the course
Some fund managers tweak their strategies or fees when things aren’t going so well. But don’t look for Bob Auer, the fund’s 53-year-old senior portfolio manager, to do so.
State pension fund sees wave of retirements prior to rate drop
The Indiana Public Retirement System lowered the interest rate on its annuity savings accounts on Oct. 1, possibly contributing to a 35-percent jump in retirements for state and local government workers this year.
Lawmakers consider state-assisted retirement plan
Senate Bill 66 creates a state-assisted savings plan for retirement. The bill is opposed by the Association of Indiana Life Insurance Companies.
Chase Indiana chairman retiring
Dennis Bassett, who retires at the end of this month, will tell you things might not have gone well for JPMorgan Chase & Co. if it had imported a New Yorker to run its Indiana operations when it bought Chicago-based Bank One in 2004.
State pension board postpones decision on annuities
Indiana pension officials say they want more information from lawmakers before they consider abandoning a plan to privatize one part of a retirement plan for teachers and public employees.
Poll: Half of older workers delay retirement plans
Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday.
No more double dips for public pension retirees
The Indiana Legislature has passed a bill that would cut off supplemental benefits for public pensioners in their second careers — a practice commonly known as double-dipping.
Strong sales of retirement plans boost OneAmerica
A big bet on employer-sponsored retirement plans is paying off for locally based OneAmerica Financial Partners, a company best known for its life insurance offerings.
IU: Growth of Indiana’s labor force slowing rapidly
The Indiana Business Research Center attributes the predicted slowdown during the next 30 years to an increasing number of baby boomers entering retirement and a cresting of the decades-long rise in female labor force participation.
United Way’s Annala planning ambitious final months
Ellen Annala has less than a year to lead United Way of Central Indiana through a multimillion-dollar fundraising campaign and launch a five-year strategy. At the same time, the not-for-profit’s board has its own challenge: finding someone to take over when Annala retires April 1.
Indiana pension system is country’s most conservative
The Indiana Public Retirement System has cut its assumed rate of return from 7 percent to 6.75 percent, becoming the first large pension system in the country to go below 7 percent.
WALKER: A watershed 401(k) deadline is hurtling our way
Plan sponsors will face both higher expectations and legal responsibilities.
Finish Line exec Cohen plans to retire in March
Chief Administrative Officer and Corporate Secretary Gary Cohen, a key figure in a recent acquisition, will step down from his posts on Thursday and will help with the transition until his retirement in 2012.
Fishers named a top suburb for retirees
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.