From the Federal News Radio.com, “Early Retirement, Buyouts, and Pickles“:
At one point during my newspaper career I had a job which required me to read the Federal Register every day. And to come up with a story. It taxes the imagination and, I am sure, shortens one’s life. I haven’t felt all that great lately. Anyhow…
From Forbes.com, “The Coming Retirement Crisis“:
Among older households–those headed by people 47 to 64–fewer than half have defined pensions, down from two-thirds 20 years ago, according to research by New York University economist Edward Wolff. The advent of self-managed pension plans such as 401(k)s will pick up some of the slack. But Wolff says that more than 40% of households headed by someone between the ages of 47 and 64 will not be able to replace even half of their retirement income once they stop working and that nearly 20% will have incomes below the poverty level.
Some great local news here on the Rousey IRA/bankruptcy case which will be heard by the U.S. Supreme Court.
An interesting article here from Law.com: “Top Law Professors’ Star Power: They’re a hot commodity, and schools are scrambling to keep them.”
Jenner & Block has announced a new online resource center devoted to ERISA fiduciary issues pertaining to company stock. A highlight of the resource center for me is this list of ERISA Fiduciary and Company Stock Cases (with links to the actual cases). Also, for those wanting to know what the “Fiduciary Fishbowl” is, check this out.
While we are on the subject of ERISA fiduciaries, Pepper Hamilton LLP has posted an article entitled: “ERISA Fiduciary Responsibility: CEOs and Directors In the Bull’s Eye.”