| Taxpayers on the hook for $1 trillion in retiree benefits? (CNNMoney.com) Just as they are contending with massive gaps in their operating budgets, states and localities must also deal with a $1 trillion deficit in public employees' retirement benefits' funds, a new report found. us.rd.yahoo.com |
GAO warns future of automaker pensions "uncertain" (AP) Automakers General Motors and Chrysler will need to put billions of dollars into their pension plans over the next five years to meet their funding requirements, the Government Accountablity Office said Tuesday. us.rd.yahoo.com |
ESOP plans let founders cash out and employees cash in (CNNMoney.com) On his 81st birthday, entrepreneur Bob Moore signed the papers to hand nearly a third of his company over to his 200 employees. But it's a gift Moore and his three partners hope will pay off for them as well: By launching an employee stock ownership plan, they're creating an exit strategy for themselves from the business they've spent the past three decades building. us.rd.yahoo.com |
Should you sell assets to pay off debt? (Bankrate.com) Consider all the options and tax repercussions before you sell off your assets to pay off debt. us.rd.yahoo.com |
EU's nail in coffin of UK final salary pensions European Union pension rules could spell the end of final salary schemes in Britain, experts warned last night thisismoney.co.uk |