Retirement contribution rates reached record highs, with combined worker and employer contributions equal to 13.9% of pay in 2021, new data from the Plan Council of America show.
National Institute on Retirement Security research finds pension plans alone often don’t provide retirement income adequacy for state and local government employees.
Morningstar increased its recommended withdrawal rate for retirees from last year and continues to see best outcomes for participants in both bonds and stocks.
Preqin brings benchmarking to “opaque” alternative assets market; Fortress start new alternative asset investment division; Pimco fund taps private and commercial real estate; and more.
The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program administered by the PBGC.
Although women live longer than men, many retire earlier than planned and few can save enough reach the income replacement levels as men in retirement.