The Pension Book: What You Need to Know to Prepare for Retirement

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Arcade Publishing, 1996 - Business & Economics - 273 pages
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Every pension plan has its fine print. Using case studies from the Pension Rights Center, Ferguson and Blackwell show what everyone in a private plan needs to know: how and when their pension will vest; how much their benefit will be; and whether it is adjusted for inflation. Is the plan overfunded or underfunded? Will it survive should the company change hands or go bankrupt? And what happens in the event of death or divorce? Each chapter tackling these subjects is followed by a "What to Do" section in which the authors demonstrate, point by point, how we can take charge of our retirement future. No retirement plan? You're not alone. Half of all Americans have no plan other than social security, and this venerable system - never intended to cover all retirement needs - typically pays people 40 percent of what they were earning when they worked. Or maybe you're in a do-it-yourself savings plan. Increasingly, employers are substituting these plans for traditional pensions. Again, Ferguson and Blackwell provide practical suggestions and reliable advice about the pros and cons of IRAs, 401(k)s, and the other tax-sheltered savings arrangements.
 

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Contents

An American Dream Pensions
3
Pension Tension Pensions
11
Winners and Losers
21
It Just Isnt Fair Rules for getting
25
Eaten Alive Inflation and pensions
63
A Piece of the Pie Rules for divorce
83
The Pension Safety Net Underfunded
107
Raiding the Cookie Jar Overfunded
121
THE PENSION PATCHWORK
3
Pension Tension Pensions
11
THE RULES OF THE GAME
21
It Just Isnt Fair Rules for getting
25
something out of a plan 37
37
The Pension Safety Net Underfunded
107
Raiding the Cookie Jar Overfunded
121
The Largest Lump of Money in the World 137
137

The Largest Lump of Money in the World
137
The Pension Players How pension rules
155
Pots of Gold? The new savings plans
171
No More Fiddling
195
Afterword
217
Stranded in Buckeye Rules for getting
224
Appendix
247
Index
263
Preface xi
The Pension Players How pension rules
155
Pots of Gold? The new savings plans 171
171
No More Fiddling 195
195
Afterword 217
217
Change for a Cup of Coffee Rules
225
Appendix 247
247
Index 263
263
Copyright

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