Advertisement
Guaranteed Income
Virginia appears to be poised to become the next state to offer a state-run retirement plan for employees whose employers do not offer one. Legislation that would create one in the Old Dominion is headed for the desk of Gov. Ralph Northam (D), who has indicated that he will sign it into law.
The...
READ MORE
Amid an extraordinarily challenging work and economic environment, a new industry benchmarking survey finds growing engagement in non-qualified deferred compensation (NQDC) plans—and a growing interest in education and advice regarding those programs.
In fact, more than 70% of organizations now...
READ MORE
The House of Representatives in the early hours of the past weekend approved a nearly $2 trillion COVID-stimulus bill, including a freeze to retirement plan contribution limits.
The Butch Lewis Emergency Pension Plan Relief Act was approved Feb. 27 as part of the mammoth American Rescue Plan Act...
READ MORE
Student loan debt—or more precisely, the forgiveness of some part of it—has dominated the headlines of late—but it’s been on the minds of retirement plan sponsors for a while now. The question is—why?
While the issue is hardly new, the connection between retirement savings and student debt really...
READ MORE
New survey results show that a strong majority of Americans have a favorable impression of defined contribution plans and disagree with potential changes affecting current tax features.
According to the Investment Company Institute’s updated study, “American Views on Defined Contribution Plan...
READ MORE
Concern about retirement and paying for it cuts across sharp societal divisions and has been heightened by the pandemic; nonetheless, confidence regarding some saving vehicles persists, says a recent report.
In the National Institute on Retirement Security (NIRS) study “Retirement Insecurity 2021...
READ MORE
Several states have programs up and running to make retirement plan coverage available to those whose employers do not offer it. So where do they stand? A recent report provides a look.
The Center for Retirement Initiatives at Georgetown University’s McCourt School of Public Policy in a Monthly...
READ MORE
The Pension Benefit Guaranty Corporation (PBGC) will launch a new version of the My Plan Administration Account (My PAA) premium filing application on April 26.
The PBGC made the announcement on its web page that outlines upcoming changes. The agency says that it intends the enhancements to...
READ MORE
The Oklahoma legislature is considering a measure that would make the Sooner State one of the next states to provide a state-run retirement plan for employees whose employers do not offer one.
The Oklahoma Prosperity Act was introduced in both chambers on Feb. 1. The House of Representatives...
READ MORE
Five years after it was first introduced, the initiative to create a state-based retirement program for the private workforce in the Commonwealth of Virginia has taken a major leap forward—with a key change pushed by the American Retirement Association.
On Feb. 16 the Virginia Senate Finance and...
READ MORE
If the recommendations of the Wisconsin Retirement Security Task Force are followed, the Dairy State could join others that have implemented a state-run plan to provide coverage for workers whose employers do not offer a retirement plan.
The task force, headed by Wisconsin State Treasurer Sarah...
READ MORE
Finding missing participants is serious business. But one industry expert likens it to a children’s game—though the stakes are higher than simply finding someone else to be “it.”
“I am sure it feels like a cruel game of hide-and-seek for plan sponsors that are unable to find a participant or...
READ MORE
As part of the push to enact a nearly $2 trillion stimulus bill, the House Ways & Means Committee moved forward Feb. 11 with a proposal to freeze retirement plan contribution limits to help offset the cost of multiemployer plan relief.
On a party-line vote of 25-18, the committee approved the...
READ MORE
The massive amount of student debt and its effect on saving for retirement are in sharper relief than ever, argues a recent analysis.
Student debt is an even more serious concern today as many of the young adults who are joining the workforce have amassed a considerable debt, writes Kara Melber in...
READ MORE
In his first appearance before the Senate, President Biden’s nominee to lead the Department of Labor vowed to work with both parties to address multiemployer pensions, as well as other retirement security issues.
Boston Mayor Martin Walsh, the Secretary of Labor nominee, stated at his Feb. 4...
READ MORE
At the time of its passage, many in the retirement industry were concerned that the CARES Act would “open the floodgates” to a large percentage of workers cashing out years of retirement savings.
Fortunately, that did not happen, according to an analysis by Vanguard of its DC recordkeeping data...
READ MORE
The new year has brought some good news for private-sector defined benefit plans, according to recent reports.
Willis Towers Watson, in its Pension Index that gauges the performance of a hypothetical benchmark pension plan, says that its index had a strong start to 2021, and rose to a level it...
READ MORE
Framed as a tax on Wall Street, a new study contends that a financial transaction tax in reality would threaten the retirement savings of millions of Americans.
Legislation has been introduced at the federal and state level, including a new bill to implement an FTT in response to the market frenzy...
READ MORE
The average 401(k) had a pretty good year in 2020, but 2021 is a whole new year.
U.S. stocks ended the month with their worst week since October—though on the last day of that month those two stocks that have been at the center of recent social media controversy—GameStop and AMC Entertainment—rose...
READ MORE
A new study that looks at the implications student loan debt is having on overall financial security and retirement preparedness finds both positive developments and ongoing red flags.
In “Student Loan Debt: Who Has It and How Much?,” the Employee Benefit Research Institute (EBRI) reports that...
READ MORE