Retirement

Banks scrambling to find experienced workersRestricted Content

May 17, 2014
Chris O'Malley
Many banks let training languish in an era when consolidation made it easy to snap up veterans. Now, with boomers starting to retire, banks want to pass the baton smoothly.
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Lawmakers consider state-assisted retirement plan

January 8, 2014
Amanda Creech, The Statehouse File
Senate Bill 66 creates a state-assisted savings plan for retirement. The bill is opposed by the Association of Indiana Life Insurance Companies.
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Chase Indiana chairman retiring

November 30, 2013
Chris O'Malley
Dennis Bassett, who retires at the end of this month, will tell you things might not have gone well for JPMorgan Chase & Co. if it had imported a New Yorker to run its Indiana operations when it bought Chicago-based Bank One in 2004.
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State pension board postpones decision on annuities

October 25, 2013
 The Statehouse File
Indiana pension officials say they want more information from lawmakers before they consider abandoning a plan to privatize one part of a retirement plan for teachers and public employees.
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Poll: Half of older workers delay retirement plans

October 14, 2013
Associated Press
Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday.
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No more double dips for public pension retirees

March 29, 2013
Kathleen McLaughlin
The Indiana Legislature has passed a bill that would cut off supplemental benefits for public pensioners in their second careers — a practice commonly known as double-dipping.
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Strong sales of retirement plans boost OneAmerica

March 22, 2013
Chris O'Malley
A big bet on employer-sponsored retirement plans is paying off for locally based OneAmerica Financial Partners, a company best known for its life insurance offerings.
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IU: Growth of Indiana’s labor force slowing rapidly

November 13, 2012
Scott Olson
The Indiana Business Research Center attributes the predicted slowdown during the next 30 years to an increasing number of baby boomers entering retirement and a cresting of the decades-long rise in female labor force participation.
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Indiana pension system is country's most conservativeRestricted Content

August 11, 2012
The Indiana Public Retirement System has cut its assumed rate of return from 7 percent to 6.75 percent, becoming the first large pension system in the country to go below 7 percent.
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United Way's Annala planning ambitious final monthsRestricted Content

August 11, 2012
Dan Human
Ellen Annala has less than a year to lead United Way of Central Indiana through a multimillion-dollar fundraising campaign and launch a five-year strategy. At the same time, the not-for-profit’s board has its own challenge: finding someone to take over when Annala retires April 1.
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WALKER: A watershed 401(k) deadline is hurtling our way

January 28, 2012
Brent Walker / Special to IBJ
Plan sponsors will face both higher expectations and legal responsibilities.
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Fishers named a top suburb for retirees

August 9, 2011
 IBJ Staff
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.
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Bill Mays to retire from Mays ChemicalRestricted Content

July 30, 2011
J.K. Wall
The most successful black businessman in Indiana plans to retire from the company that bears his name at year-end as part of a transition that ultimately will put his daughter at the helm.
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Indiana University to offer workers buyout plan

March 11, 2011
Associated Press
Indiana University is drafting plans to offer thousands of university employees a voluntary retirement buyout.
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Baby boomers near 65 with retirements in jeopardy

December 28, 2010
Associated Press
Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they're hoping to retire.
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More cash-strapped workers dipping into 401(k) accounts

August 20, 2010
Associated Press
A record number made hardship withdrawals in the second quarter, and the number of of workers who borrowed from their accounts reached a 10-year high, according to Fidelity Investments.
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Seniors are nation's fastest-growing group of entrepreneursRestricted Content

July 27, 2009
Peter Schnitzler
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout, for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s now 67 years old. And a first-time entrepreneur.
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New retirement savings law means new biz for AULRestricted Content

December 15, 2008
J.K. Wall
In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United Life Insurance Co.
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