Advertisement
Guaranteed Income
May is a month of explosive growth for parts of the world where Spring is in full sway. In 2022, that may have been true for trees and roses—but not for private-sector pension plans’ funded status, according to new reports.
The funded ratios of the plans October Three tracks—a traditionally...
READ MORE
A program administrator and investment manager have been named for RetirePath Virginia, the state-run program that will provide retirement plan coverage to Virginians whose private-sector employers do not, as it approaches the July 1, 2023 launch date.
Then-Gov. Ralph Northam (D) on May 7, 2021...
READ MORE
New survey results find a wide disconnect between what Americans believe they will need to save to live comfortably in retirement versus what they have actually saved.
According to Schroders’ 2022 U.S. Retirement Survey, working Americans age 45 and older say on average it will take $1,100,000 in...
READ MORE
The First State is poised to join its sister states that provide a state-run retirement plan.
By a 35-1 margin, the state House of Representatives passed legislation May 17, 2022 to create the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) program, which is intended to...
READ MORE
Sens. Todd Young (R-IN) and Cory Booker (D-NJ) have introduced legislation that they say would “facilitate convenient and affordable access to workplace emergency savings accounts, improving financial security and reducing retirement savings leakage.”
According to the bill’s sponsors, the...
READ MORE
Personalized solutions reportedly are becoming more attractive for plan sponsors who are encouraging those saving for retirement to remain with their 401(k) provider after they leave the workforce.
That’s according to PIMCO’s 16th Annual Defined Contribution Consulting Study, which surveyed 36...
READ MORE
The CalSavers Retirement Savings Board and New Mexico State Treasurer’s Office have announced that they are seeking service providers for aspects of their operations in providing retirement plan coverage to employees in their states whose employers do not.
CalSavers
The CalSavers Retirement...
READ MORE
The Congressional Research Service (CRS) has updated its periodic report on the finances of the Social Security system to account for the current and projected inflation rates. It further offers some insight into how finances and factors behind Social Security expenditures may affect benefits and...
READ MORE
The Pension Benefit Guaranty Corporation (PBGC) has its hands full helping provide retirement security for plan participants. But what’s behind their approaches and actions? A recent meeting with a group of industry experts—including ASEA’s Kelsey Mayo and Virginia Wentz—provides a window into the...
READ MORE
The graduates of 2022—well, they’ve been through a lot, arguably more than most—but with any luck at all, the days and years ahead will be brighter.
Life has many lessons to teach us, some more painful than others—and some we’d just as soon be spared. Regardless, if you have a graduate—or if you...
READ MORE
A bill is before the California Senate that would expand CalSavers, the state-run retirement plan that provides coverage to those whose employers do not, to cover almost all employers in the Golden State.
SB 1126, introduced by Sen. Dave Cortese (D-Santa Clara), would expand the definition of “...
READ MORE
Two Senate bills have been introduced and a bicameral working group formed that seek to ease the administrative burdens for small businesses, as well as expand access to those without an employer-sponsored retirement savings plan.
Sens. John Hickenlooper (D-CO) and Susan Collins (R-ME), who both...
READ MORE
The year 2021 served up plenty of changes and challenges, and private-sector pension plans were not immune—but there also was good news for them, says a recently released report.
In fact, says Willis Towers Watson (WTW), the changes and positive developments that pension plans experienced were...
READ MORE
Arizona is set to study public-private partnerships in retirement savings programs. Gov. Doug Ducey (R) on May 2 signed a measure to create a committee to do so.
Senate Bill 1375 was introduced on Jan. 25 in the state Senate and on March 8 in the House of Representatives.
The study committee...
READ MORE
The Show Me State may show welcome to a state-run retirement plan for private-sector employees.
Legislation that would create the Missouri Workplace Retirement Savings Plan has passed the state House of Representatives, and the Senate is poised to take up its version.
The Missouri Workplace...
READ MORE
While it’s fairly well-known that auto-solutions can lead to increased participation and savings, new research finds that adopting the solutions in tandem can lead to even better results.
According to Reference Point, T. Rowe Price’s annual 401(k) benchmarking report, plans which couple auto-...
READ MORE
Despite the pandemic and inflation, American workers and retirees remain optimistic about living a comfortable retirement—and one key factor that has helped is having a workplace retirement savings plan.
This is according to the 32nd annual Retirement Confidence Survey (RCS) measuring worker and...
READ MORE
Well, this looks familiar: Capitol Hill considering a SECURE Act. But this time around, it’s SECURE 2.0. In a recent webcast, American Retirement Association Retirement Education Counsel Robert M. Richter provided an update regarding the provisions of SECURE 2.0 as well as other legislation of...
READ MORE
The Aloha state is poised to set in motion a state retirement plan that would be unique among its counterparts—employees would have to opt in, and a retiree would be among the members of the board administering the program.
On May 3, the Hawaii Senate and House of Representatives both voted in...
READ MORE
CalSavers, the state-run retirement plan for employees whose employers don’t offer one, showed growth in March—in some cases sharp growth.
The CalSavers Retirement Savings Board reports that the number of employer registrations increased by almost 26% from February levels.
CalSavers growth...
READ MORE