Guaranteed Income

UPDATED 10:30 AM ET 12/6/2017 After a long and sometimes heated debate, the Senate took a major step toward enactment of landmark tax reform legislation, approving its version of the Tax Cuts and Jobs Act (H.R. 1) at nearly 2:00 a.m. Saturday, Dec. 2. The bill, as amended by the Senate, was... READ MORE

The belle of the retirement plan participation ball is auto enrollment. And a potent tool it is. But a recent article suggests it may not only be an elixir — it also may cause a delayed hangover. In “Why Automating Retirement Savings May Not Be Enough,” an article appearing in Psychology Today,”... READ MORE

The safety net the Pension Benefit Guaranty Corporation (PBGC) provides through its pension plan insurance programs covered more plans and participants in federal fiscal year (FY) 2017, the agency reports.The PBGC reports that in FY 2017 it: paid $5.7 billion in benefits to nearly 840,000 single-... READ MORE

Sen. Sherrod Brown (D-OH) has introduced legislation that would create a Pension Rehabilitation Trust Fund and a Pension Rehabilitation Administration. He intends the bill to protect pension benefits for retirees in multiemployer DB plans. Brown intends the bill to protect the retirement benefits... READ MORE

As we all emerge from our turkey-induced food coma, all eyes will now be on the U.S. Senate, as Congress returns this week from its Thanksgiving break to make the final push to approve tax reform by the end of the year. To pick up where we left off, both the House and the Senate Finance Committee... READ MORE

Thanksgiving has been called a “uniquely American” holiday, and though that is perhaps something of an overstatement, it is unquestionably a special holiday, and one on which it seems appropriate to reflect on all for which we should be thankful.Here’s my list for 2017:I am thankful that — for the... READ MORE

Behavioral finance tells us that human beings are prone to relying on heuristics — mental shortcuts, if you will — to solve complex problems. While these may not be very accurate, survey data and anecdotal evidence suggest that participants often rely on these benchmarks.Here are four that workers... READ MORE

Ohio Sen. Sherrod Brown (D) plans to introduce a bill intended to protect pension benefits for retirees in multiemployer DB plans. He made the announcement at a recent event in Youngstown, OH.Brown intends the bill to protect the retirement benefits of participants and retirees in multiemployer... READ MORE

The vast majority of middle-income workers with access to a workplace plan participate, but income plays a role in how many maximize the match. The 2017 MassMutual Retirement Savings & Household Income Study found that 84% of workers with annual household incomes of between $35,000 and $150,... READ MORE