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COVID-19
After the economic strains of 2020—and all that has meant for retirement plans and those who serve and participate in them—there are signs of hope for 2021, said an industry expert in a recent webinar.
In the PenChecks webinar “The US Economy in 2021—Implications for the Pension Industry,” Alex...
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Many deadlines for various forms of relief under the Coronavirus, Aid, Relief and Economic Security (CARES) Act have passed. But not all, and there are deadlines looming for provisions concerning loans and distributions.
Loan Repayments
The CARES Act provides that any loan repayments due...
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New survey results reveal that Americans are increasingly concerned about their ability to manage the rising cost of living as they age.
According to the 2020 Retirement Risk Readiness Study from Allianz Life, nearly 6 in 10 (57%) respondents are worried inflation will make their basic retirement...
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Halloween is the time of year when one’s thoughts turn to trick-or-treat, ghosts and goblins, and things that go bump in the night. And sometimes it’s just a good time to think about the things that give us pause—that cause a chill to run down our spine.
In that category, here are three things to...
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It’s been… quite a year. An expert panel at an Oct. 26 session of ASPPA All Access discussed what the developments this year have meant for retirement plan professionals, as well as participants.
The panel featured Robert Kaplan, Director of Technical Education for the American Retirement...
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Within the space of three months, two major pieces of legislation were enacted—the SECURE Act and the CARES Act. A panel at an Oct. 27 session of ASPPA All-Access discussed these measures and the opportunities they offer service providers.
Justin Bonestroo, Senior Vice President, CBIZ Retirement...
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Kicking off the ASPPA All Access virtual conference Oct. 26, Brian Graff, CEO of ARA and Executive Director of ASPPA, ARA General Counsel Allison Wielobob and ARA Chief Government Affairs Officer Will Hansen offered their insights into some of the most important legislative and regulatory...
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The Coronavirus, Aid, Relief and Economic Security (CARES) Act was enacted on March 27. But there are always questions—and often fine-tuning to be done—after a new law is put on the books. The CARES Act is no exception, and an Oct. 7 ASPPA webcast answered questions concerning loans and...
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Confidence is alive and well among Baby Boomers regarding their retirement, impervious even to pandemic and economic turbulence, says a recent study.
A strong majority—84% of those who are close to retiring or who have already—in Charles Schwab’s 2020 Modern Retirement Survey said they believe...
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If there’s one silver lining to the COVID-19 pandemic, it might permanently change how much Americans spend and save for retirement.
Before the pandemic, the economy was in an historically long expansion and Americans were spending more and saving less with little consequence. However, the...
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While the percentage of participants taking advantage of CARES Act distributions and expanded loan options is low, doing so may undo years of retirement savings, according to a new study.
Though the coronavirus pandemic has yet to run its full course, there are both encouraging and disconcerting...
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A continuing resolution approved by the House of Representatives to temporarily fund the government all but assures that a lame-duck session will happen. Here’s what that could mean for retirement relief.
The House of Representatives late Sept. 22 approved continuing appropriations legislation (...
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The Pension Benefit Guaranty Corporation (PBGC) on Sept. 23 issued a Technical Update providing guidance on contribution receipts and variable rate premiums due in 2020.
Technical Update 20-02 concerns the timing of contribution receipts includable in the asset value used to determine variable-...
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The Pension Benefit Guaranty Corporation (PBGC) has announced that it intends to provide new flexibility for variable-rate premium filers.
“This relief will support the Administration’s efforts to continue driving economic recovery and helping those in need,” said PBGC Director Gordon Hartogensis...
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Workforce agility is vital to the future success of organizations, but agility gaps are widespread, according to the results of a new survey focused on how companies are rethinking their human capital strategies in response to the COVID-19 pandemic.
Globally, 84% of survey respondents view...
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For a majority of Americans, they apparently would prioritize saving for retirement, according to the results of a new consumer survey.
In fact, Voya Financial’s survey of more than 1,000 U.S. adults finds that more than half (55%) of individuals said they would prefer to save enough to last...
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Fall’s coming up fast! And so is the end of early bird rates for ASPPA All Access, a digital experience that brings the content, expertise, CE—and even networking—of ASPPA Annual to you.
We know how important ASPPA Annual is to our members, and to the retirement industry at large. So in response...
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While the CARES Act provided much-needed relief to those struggling to make ends meet, recent research finds that a failure to repay Coronavirus-related distributions (CRDs) can have a major impact on retirement prospects.
In an “At a Glance” snapshot of how taking a CRD might affect retirement...
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A so-called “skinny” COVID-19 stimulus bill put forward by Senate Republicans was voted down Sept. 10 in the U.S. Senate, leaving the negotiations in limbo.
In a virtual party-line 52-47 vote, with Sen. Rand Paul (R-KY) joining Democrats, the “Delivering Immediate Relief to America’s Families,...
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The Labor Day break didn’t appear to ease any tensions in the back and forth between Republicans and Democrats on a follow-up COVID-19 stimulus bill, with the parties appearing to not be any closer to reaching an agreement.
Senate Majority Leader Mitch McConnell (R-KY) announced Sept. 8 that...
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