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Guaranteed Income
U.S. single-premium pension buyout sales in the second quarter of 2021 were double those of the same period last year, and pension risk transfers likely will remain robust, say recent reports.
In the second quarter, reports the Secure Retirement Institute (SRI) in its U.S. Group Annuity Risk...
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While debate remains over whether plan sponsors should offer either managed accounts or target date funds in their plans, a new study suggests that they shouldn’t have to choose.
For years, plan sponsors and consultants have compared the outcomes of managed accounts and TDFs in workplace...
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September may be harvest season, but the finances crop was sparse this year for pension plans, say new reports.
October Three, which tracks two hypothetical defined benefit plans—one that is invested in a more traditional way and another invested in a conservative manner—reports that in September...
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While there is broad agreement that it is necessary to boost retirement savings, there is less uniformity of thought regarding how exactly to accomplish that. A panel of experts recently shared some ideas.
“Building a Better Retirement System for all Americans,” a Brookings Institution webinar,...
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The American Retirement Association (ARA) has called on the IRS to make its temporary relief from the physical presence requirement for spousal consents permanent.
In a Sept. 30 letter, the ARA and 15 other organizations tell the IRS that they “appreciate the relief and extensions the Service...
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Despite the global pandemic and market volatility, young retirement “super savers” put away even more money over the past 18 months, proving that it doesn’t necessarily take higher earnings to improve retirement readiness.
Among the top retirement savers from Generations X, Y and Z, more than...
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Retirement assets in the United States grew in the second quarter of 2021, says a recently released report.
According to the Investment Company Institute (ICI), retirement assets comprised 33% of all household assets in the United States. At the end of the second quarter, U.S. retirement assets...
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The Pension Benefit Guaranty Corporation (PBGC) has expanded the information it makes available concerning the effects of its Special Financial Assistance (SFA) Interim Final Rule by adding a Q&A webpage.
The PBGC issued the interim final rule on July 9. The rule implements a Special...
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Editor’s Note: The House Ways and Means Committee recently approved funding provisions for the Build Back Better Act of 2021, including several retirement plan provisions (starting on page 665, and summarized here.)
That part of the bill is aimed at limiting the ability of high-income...
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Social Security auxiliary benefits remain crucial in improving income security for surviving spouses and dependents, says a recently updated report by the Congressional Research Service (CRS).
“Social Security: Revisiting Benefits for Spouses and Survivors,” updated Sept. 21, 2021, says that...
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Touted as a way to help gig workers, part-time workers and those without access to an employer-sponsored account, legislation has been introduced in both the House and Senate to create universal, portable retirement accounts.
The Portable Retirement and Investment Account (PRIA) Act of 2021 ...
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One of the most significant challenge facing Pooled Employer Plans (PEPs) and Multiple Employer Plans (MEPs) is probably having to deal with “bad acting employers,” that is, those who won’t provide sufficient information to auditors to complete the audit for the whole plan, those regularly do not...
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As their sense of responsibility grows in supporting the financial needs of their workforce, employers apparently are offering more robust and wide-ranging workplace benefits, according to new survey results.
“We are seeing the number of employers who offer comprehensive workplace benefits...
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Editor’s Note: The House Ways and Means Committee recently approved funding provisions for the Build Back Better Act of 2021, including several retirement plan provisions (starting on page 665, and summarized here.)
That part of the bill is aimed at limiting the ability of high-income...
READ MORE
It’s often said that “if it bleeds, it leads”—and, according to a new report, it may also mislead.
The study—by folks at the Center for Retirement Research at Boston College—looked at coverage of Social Security’s finances, noting that while the 2020 Trustees Report projects that the Social...
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The Pension Benefit Guaranty Corporation (PBGC) reports that there is some good news for a change regarding its Multiemployer Program that provides financial assistance to multiemployer plans that become insolvent, to help them cover the cost of PBGC-guaranteed benefits to participants and the plan...
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In a marked turnaround, the Pension Benefit Guaranty Corporation (PBGC) reports that the solvency of both its insurance programs—the single-employer program and the multiemployer program—is improving.
The report marks a continuation of the growing solvency of the single-employer program, but a...
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This is a pretty exciting time in the defined contribution plan marketplace. Years of work from a number of different quarters seem to be finally beginning to coalesce around the notion of sanely “decumulating” assets from DC plans. I wonder if a measure of all this may be the growing catalog of...
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Beginning this year, Social Security expenditures will exceed total revenues—and that trend will hold for the rest of the 21st Century, according to an updated report by the Congressional Research Service (CRS).
In its most recent Social Security Primer, updated Sept. 15, 2021, the CRS reports...
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The Pension Benefit Guaranty Corporation (PBGC) issued a final rule Sept. 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 fourth quarter of 2021. These...
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