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Guaranteed Income
The Congressional Research Service (CRS) has released an updated version of its annual report on traditional and Roth IRAs. The CRS treats it as a primer that explains the accounts and the laws and regulations governing them, with new information added to account for developments since the last...
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A new survey finds that just 44% of Americans could cover an unplanned $1,000 expense such as a car repair or emergency room bill.
Survey sponsor Bankrate notes that this level is the highest in eight years of its polling and tops the 39%–41% range that had prevailed from 2017 to 2021.
“While...
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A new Voya survey finds that Americans are more likely to work for an employer offering voluntary benefits, but there also appears to be a disconnect between intent and action.
Findings from the firm’s consumer survey of more than 1,000 adults reveal that nearly three-quarters of employed...
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There is more work to be done in encouraging employers to meet the challenges posed by Pension Benefit Guaranty Corporation (PBGC) premiums, says a recently released report, and they can use a variety of best practices to do so.
Consulting firm October Three has released its 2021 report on PBGC...
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Employer payroll deduction IRAs are coming back into vogue, an expert at the recent NTSA Summit argued in a Feb. 7 session.
“Employer IRAs are not new—they’re just getting a resurgence because of the MEP and PEP rules,” said Sue Diehl, President of PenServ. Employer IRAs are “totally open to...
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Will your 401(k) be bitten by the Bengals—or rally with the Rams?
That’s what adherents of the so-called Super Bowl Indicator[1] would likely conclude, after all. It’s a “theory” that when a team from the old National Football League wins the Super Bowl, the S&P 500 will rise, and when a team...
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The nearly $2 trillion broad-based legislative package that includes mega Roth and other retirement-based revenue raisers does not appear to be moving anytime soon, but there is hope for bipartisan retirement legislation.
Speaking to reporters last week, Sen. Joe Manchin (D-WV)—who had been the...
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The funded status of pension plans slipped slightly in January, according to new reports.
Investment manager Investment Insight reports that overall funded status dropped by 0.7 percentage points from 95.6% in December to 94.9% in January. However, even with the slight drop, the January figure is...
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The nation’s private pension plan insurer has raised the participant threshold for plan termination audits.
Specifically, the Pension Benefit Guaranty Corporation (PBGC) has revisited their audit guidelines so that, going forward, only plans that terminate with more than 1,050 participants will be...
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A recent report suggests that assuming that decumulation is the only approach retirees take regarding their accumulated funds is as inaccurate as it is simplistic.
In a recent report, T. Rowe Price says that it found that retirees are not monolithic in their management of retirement funds. To be...
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Individuals are thinking more critically about how future events could affect their finances and recognize the need to take action in creating long-term financial security and protecting against financial uncertainty, a new survey finds.
According to AIG Life & Retirement’s “Moving Forward”...
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There is work to do regarding increasing teachers’ knowledge and understanding of retirement benefits and plans, according to a recent study. It’s time to educate the educators, they suggest.
In “Teachers’ Knowledge and Preparedness for Retirement: Results from a Nationally Representative...
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Implementing certain legislative changes and other industry innovations could help significantly reduce the size of retirement deficits and enhance the retirement security of Americans, according to a new issue brief from EBRI.
Using EBRI’s Retirement Security Project Model (RSPM), the Impact of...
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Defined contribution plans have outstripped defined benefit plans in number of accounts, assets, employers offering them and participants. But a recent study that examines the cost of both kinds of plans challenges the notion that bigger is synonymous with better.
In “A Better Bang for the Buck 3....
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CalSavers, the state-run retirement plan for employees whose employers do not provide a plan, had a 2021 befitting a plan created and run by a place called the Golden State.
In an annual report about CalSavers, the CalSavers Retirement Savings Board reports that by many measures the plan grew,...
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The Pension Benefit Guaranty Corporation (PBGC) announced Jan. 18 that it has made its first special financial assistance (SFA) payment.
The PBGC provided $112.6 million in special financial assistance to the Local 138 Pension Plan (Local 138 Plan), a financially troubled multiemployer pension...
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As the new year begins, here are the big retirement policy challenges we’re facing, in my view. Note that these are our long-run problems—as opposed to, say, clarifying the rules on ESG investments or for fiduciaries who provide advice.
The Challenge of the Transitions
We have gone from a Baby...
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A new paper rehashes (and embraces) some old beliefs, blatantly ignores the full impact of workplace savings, disregards the reality that deferrals are temporary—and kills a lot of trees in the process.
The diatribe’s author, perhaps because he’s affiliated with a law school, perhaps because the...
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In the first six days of 2022, measures were introduced in three state legislatures that would establish retirement plans run by the state, or by third parties with which the state establishes a contract. Shortly after, a fourth measure was introduced to bolster a recently established state plan...
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The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule adjusting civil penalties for failure to provide certain notices or other material information and for failure to provide certain multiemployer plan notices. The PBGC is required to amend its regulations annually to adjust...
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