IBM offers employees new retirement account that looks a lot like a pension – Yahoo Finance
On January 1, IBM put the brakes on the 5% salary-to-dollar competition for employees in its 401(k) plans and began offering portable “retirement accounts” to most of its U.S. employees. In other words, the company has eliminated some defined contribution plans and added something like an old-fashioned pension. While traditional defined benefit pension plans remain […]
House probe after $127M paid to dead Teamsters’ pension plan
The Biden administration is seeking a new congressional investigation after the agency that distributed tens of billions of dollars from the American Rescue Plan failed to prevent a $127 million donation to deceased Teamsters pension fund participants. facing. The House Education and Labor Committee sent a letter to the Pension Benefit Guaranty Corporation (PBGC) on […]
Spot Bitcoin ETF will pave the way for pension fund investment: CBOE – Cointelegraph
The Chicago Board of Options Exchange (CBOE), America's largest options exchange, says spot Bitcoin (BTC) exchange traded funds (ETFs) will attract a whole new wave of institutional investors. January 2nd interview CBOE Digital President John Palmer said on Bloomberg TV that the approval opens the door to a new wave of institutional and ultimately retail […]