ASPPA Net Staff

American workers are feeling better about their retirement prospects, with most of the (modest) improvement registered among higher-income individuals and women, a new survey suggests.According to “the State of U.S. Employee Retirement Preparedness” by Financial Finesse, nearly 1 in 5 employees... READ MORE

The American Society of Pension Professionals & Actuaries honored Richard A. Groszkiewicz, MSPA, with the 2014 Educator’s Award on Oct. 29, during the 48th ASPPA Annual Conference at the Gaylord National Resort and Convention Center in National Harbor, Md.Groszkiewicz is a leader in the field... READ MORE

They say when you have your health, you have just about everything, and a new study seems to bear that out — and that includes being financially ready for retirement.Healthier employees feel more prepared when it comes to having a financial plan, saving enough for retirement to last a lifetime and... READ MORE

A new survey finds that most employers are concerned that the rising cost of health care will lead workers to cut back on retirement savings — and see a holistic approach to both as a potential solution.Health care cost concerns are a growing concern for employers and workers alike, but a new... READ MORE

The ASPPA Board would like thank the membership for the overwhelming support of the restructuring proposal. The Board is excited about the benefits of the reorganization as we near the effective date of Jan. 1, 2015.Although vetted by outside counsel, in making final preparations for the formal... READ MORE

The number of private sector defined contribution plans and participants continues to expand, while defined benefit plans distributed more than they took in, according to just-published statistics from the Department of Labor (DOL).According to the Private Pension Plan Bulletin Abstract of 2012... READ MORE

Total U.S. retirement assets were $24.0 trillion as of June 30, 2014, up 2.8 percent from $23.4 trillion on March 31, 2014, according to the Investment Company Institute (ICI). Retirement assets accounted for 36 percent of all household financial assets in the United States at the end of the second... READ MORE

The Senate on Sept. 16 passed a bill that, if enacted, would amend ERISA to clarify definitions concerning what constitutes a shutdown event. The measure is not law yet, but the legislation is worth watching since it would affect administration of defined benefit plans. Sen. Tom Harkin (D-Iowa)... READ MORE

There’s still time to submit a paper for consideration for the Ed Burrows Award — the deadline for submissions has been extended to Oct. 8.The award, bestowed in honor of Ed Burrows’ contribution to the advancement of the general understanding of pension knowledge, is an annual honorary payment of... READ MORE