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Guaranteed Income
While Americans worried most about the impact of the COVID-19 pandemic in 2021, they now see rising inflation as the biggest risk to their retirement plans.
According to Allianz Life’s annual New Year’s Resolutions Study, nearly half (48%) of respondents identified the pandemic as the most...
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Institutional investors are expressing confidence in the projected market conditions of 2022, but they also think individual investors are carelessly speculating on high-risk investments.
In fact, nearly half of institutional investors expect economic growth to return to pre-COVID levels in 2022...
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The Pension Benefit Guaranty Corporation (PBGC) announced Dec. 21 that it has approved its first multiemployer plan application under the Special Financial Assistance (SFA) Program created by the American Rescue Plan Act of 2021 (ARP).
The PBGC on July 9 announced that it has issued an interim...
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Accumulation has long been the focus of retirement planning—but times are changing, and now the converse is coming into sharper focus.
In a session of the ASPPA Winter Symposium, Kelsey N.H. Mayo Partner, Employee Benefits Poyner Spruill LLP discussed this trend. “A huge part of the plan” has...
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There was good news for pension plan funded status in the third quarter of 2021, and even better news for the year so far, says a recent report.
Insight Investment maintains three model pension indices that reflect different approaches to hedging the same liability profile and illustrate the...
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It’s customary for businesses in evaluating future prospects to consider/identify elements under a “SWOT” analysis: strengths, weaknesses, opportunities or threats.
For this year’s NAPA Summit Insider, we again asked respondents to weigh in on how they saw these portents of change; a game changer...
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On the heels of its announcement that it plans to acquire Sumday, a subsidiary of BNY Mellon that manages and administers state-sponsored savings programs, Vestwell has announced that Sumday will administer plans in Oregon, Connecticut and Maryland.
The collaboration between the Vestwell,...
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The staff of the CalSavers Retirement Savings Board and its investment consultant have suggested that the Board readopt the existing investment policy statement (IPS).
The Board is required under California law review its IPS annually during a public meeting. At its Dec. 13, 2021 meeting, the...
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Anxiety about personal economics is running high, and one of the long-term answers to which Americans are looking is the employer-provided retirement plan.
A majority of the more than 2,000 participants polled are anxious about their current financial situation, according to a survey commissioned...
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Cash balance plans have shown strong growth in recent years, according to a recent report—to the tune of 221% in the last 10 years.
Geographically, cash balance plans are roughly equally distributed. October Three says that the South, Northeast, Midwest and West each account for approximately 25%...
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The PBGC issued a final rule Dec. 14 that amends its regulation on Allocation of Assets in Single-Employer Plans to prescribe interest assumptions under the asset allocation regulation for plans with valuation dates in the first quarter of 2022. These interest assumptions are used for valuing...
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Determining life expectancy is an important calculation, and not just for actuaries and life insurers—pension professionals and plan sponsors have a stake in it too. A recent webinar discussed a variety of considerations concerning life expectancy.
Determining life expectancy is “important...
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While most U.S. workers say they are saving for retirement through employer-sponsored plans or other means, a much smaller percentage say they are “very confident” they will be able to retire fully and comfortably.
According to the 320-page Compendium of Findings About the Retirement Outlook of U....
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CalSavers reports that the program the state of California provides for employees whose employers do not offer a retirement plan showed growth in the number of participating employers last month.
The CalSavers Retirement Savings Board reports that the number of employer registrations increased by...
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Pension finances slipped slightly in November by several measures but the overall results for the year still are positive, says a recent report.
October Three, which tracks two hypothetical defined benefit plans—one that is invested in a more traditional way and another invested in a conservative...
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The Pension Benefit Guaranty Corporation (PBGC) on Dec. 3 published a final rule amending its valuation regulation by substituting a new table for selecting the retirement rate category.
The new table is used to determine the applicable expected retirement age for participants in single-employer...
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Developing solutions for more Americans to have lifetime income options within their retirement plans is one of the Department of Labor’s key priorities for the coming year, according to Kathleen Kennedy Townsend.
As a keynote speaker at the opening of EBRI’s Winter Policy Forum, Townsend, who...
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Financial wellness remains one of the most bandied about phrases in our industry—it’s something most aspire to, something plan sponsors are both interested in—and skeptical about—something that seems to have an elusive ROI, at least in objective, quantifiable terms—and yet…
Financial wellness has...
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A recent white paper has garnered a lot of discussion by casting “shade” on a traditional premise about retirement plan withdrawals.
The premise—a so-called “rule of thumb[1]”—isn’t all that old, actually; it dates back only to 1994, when financial planner William Bengen[2] claimed that over every...
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The rules and regulations governing distributions have changed in the last two years. In a recent ASPPA webcast, two experts provided some helpful reminders.
In “FAQs about Distributions—it’s My Money and I Want it Now,” Robert M. Richter, J.D., LL.M., APM, American Retirement Association...
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