DB Plans a Thing of the Past for Most Fortune 500 Companies
A mere 16% currently offer a pension plan to new hires.
Tag: Defined Benefit
California Proposal Seeks Shift from Public DB to DC
Under a new bill in the California legislature, the state’s Human Resources Department would administer and oversee a defined contribution-type...
Market Volatility a Good Time to Remind Participants About the Fundamentals
Data from the Alight Solutions 401(k) Index already shows retirement plan participants are reacting poorly to this latest round of...
NYC Pension Fossil Fuel Divestment Sparks ‘Modern ESG’ Investing Debate
ACCF agrees theoretically with the possibility that environmental and social factors are materially important to institutional investments, instead accusing New...
Verizon Pensioners Still Want to Recoup ERISA Protections
In a followup interview with Jack Cohen, Association of BellTel Retirees chairman, he says his association and others warned the...
SOA Measures Mortality ‘Anomaly’ in 2016
The slight decrease in overall mortality during 2016 measured by the Society of Actuaries may seem to run counter to...
House Bill Seeks Retirement Plan ‘Simplification and Enhancement’
Alongside numerous changes, the bill seeks to eliminate the current 10% cap on automatically-increased deferral rates of employees who are...
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ICMA-RC Enhances Participant and Plan Administrative Portals
A new public website has simpler navigation features, straightforward design, targeted messaging and an increased focus on educational tools.
Retirement Industry People Moves
Mercer Reveals Leadership Changes in Its Wealth and Health Hemisphere; Milwaukee Institutional Announces Boston Location Led by VP; BPOC Acquires...
Retirement Industry People Moves
T. Rowe Price brings in new head of CEDT Innovation Center; USI Consulting hires assistant vice president of retirement services;...
Mercer Expects Retirement Plans to Fare Well in Tax Reform
However, employers will likely have some difficulty in knowing how to handle the January 1, 2018, effective date that has...
Democratic Lawmakers Urge Quick Passage of Butch Lewis Act
House and Senate Democrats warned that, if nothing is done, many of the more than 200 multiemployer plans in the...
Retirement Industry People Moves
Industry veteran joins Meeder as SVP; PGIM Investments appoints chief marketing officer to drive global expansion; FS Investments hires national...
Democrats Pledge to Protect Union Pensions
House and Senate Democrats hope to pass legislation to “put union pension plans back on solid footing,” but their bicameral...
Institutional Investors See Eight Quarters of Positive Returns
Wilshire’s data shows this was the best one-year return since the year ending June 30, 2014; that year ended with...
Melbourne Mercer Global Pension Index Urges Countries With Unsustainable Pension Systems to Take Action Now
The index’s ninth edition looks at how unsustainable pension systems in some countries need to learn from leading countries or...
Appellate Decision Backs U.S. Bank in Pension Dispute
Discussion in the new appellate decision lays out some important distinctions regarding the initial district court’s decision to dismiss the...
Shift to Defined Contribution Plans Causes Concern Internationally
A collaborative survey between the U.S., Britain and Australia shows working-age employees struggle with retirement planning and saving.
International Paper Offloads $1.3B in Pension Liabilities
Prudential will formally assume responsibility for pension benefits for approximately 45,000 former employees or their beneficiaries receiving less than $450...
Older Workers Not Saving Enough for a Secure Retirement
A new study suggests that without a universal supplement to Social Security, many of the 24 million workers ages 55...