Increasingly, employers who provide their employees with a retirement plan are relying on 401(k) and similar defined contribution
plans instead of defined benefit plans. As a result, participants are paying more of the cost of managing their pension plans,
which can take a substantial toll on their retirement savings.
WASHINGTON (7/24/15 UPDATED 1:05 p.m. ET)--National Credit Union Administration Chair Debbie Matz sent clarification Friday on comments during hearing that seemed to indicate a lack of faith in credit union leadership.
WASHINGTON (7/29/15 UPDATED 2:18 p.m. ET)--The Federal Open Market Committee is maintaining the federal funds rate, citing “moderate” expansion of U.S. economic activity in its post-meeting statement this afternoon.