News Archive

The Pension Benefit Guaranty Corporation (PBGC) is issuing rules to implement its authority to facilitate mergers and transfers between multiemployer pension plans, the agency announced on Sept. 13. The final regulation updates the general requirements on plan mergers and transfers of plan assets... READ MORE

Concerns about student debt and its impact on the finances and retirement savings of workers has spurred interest in student loan repayment programs. For the past couple of years, there have been growing calls to make it easier to save for retirement while simultaneously paying off student loans.... READ MORE

FASB has announced changes to the disclosure requirements for pension and other (OPEB) plans. Several items were removed; several were added. These changes are generally effective for 2021 (2022 for nonpublic entities), although earlier adoption is permitted. There are no changes in the methodology... READ MORE

The Nutmeg State’s state-run retirement program for private-sector workers remains on hold as the Connecticut Retirement Security Authority (CRSA) seeks an executive director to run it.   Legislation establishing the program was enacted in 2016 providing for the creation of the Connecticut... READ MORE

Much is happening in Washington that will soon affect retirement plan sponsors and the professionals who advise them. These late-breaking developments will be covered in depth at the Cincinnati Regional Conference scheduled for Nov. 12-13.On Aug. 31, 2018, President Trump signed an Executive Order... READ MORE

Several years back, I was talking with a colleague about the current state of the U.S. economy – and as a comparison point, I pointed to the mid-1980s.“I wasn’t even born then,” she said. At which point I realized that what I considered to be a relevant point of comparison was, to my coworker,... READ MORE

Multiple employer plans (MEPs) are very much a part of the recent discussion. But while President Trump’s Aug. 31 executive order gives a boost to MEPs, that doesn’t mean they’re an innovation of 2018. A recent white paper from Pentegra takes a look at their history, where they stand now, and what... READ MORE

Throughout the summer the PBGC has been implementing some very helpful practices to easing pension plan practitioners’ jobs when dealing with PBGC-covered DB plans. This has come in the form of: Practitioner FAQ Update Standard Plan Termination Submission Process Update PBGC/ACOPA Joint Web... READ MORE

You may have taken a summer vacation, but the average 401(k) balance kept right on working! According to estimates from the nonpartisan Employee Benefit Research Institute (EBRI) based on the actual contribution records and investment choices of several million consistent participants in the EBRI/... READ MORE