Guaranteed Income

Plan sponsors are often reluctant to take big steps in making plan changes — but a new participant survey finds that workers would welcome more aggressive defaults.According to a national survey conducted by American Century Investments: Eight out of 10 employees want at least a “slight nudge” from... READ MORE

Public pension plans face sobering liabilities, and recently released data provides a look at funding and also where the states stand.Work to DoHalf the states’ pension plans are 70% funded or less, Bloomberg has reported based on data from 2014. The 10 states whose funding woes were the most acute... READ MORE

Have you seen that commercial about the couple who will do just about anything to avoid doing a retirement needs calculation? Well, here are five things that individuals should know about sitting down and doing that for a retirement plan — that might overcome those fears.It won’t take as long as... READ MORE

The Great Recession had a major impact on public pensions, and its effects linger still. But the lessons the recent economic unpleasantness taught may benefit them and last longer, argues a recent National Public Pension Coalition blog entry.Public pensions are not alone in struggling with funding... READ MORE

There is a sizable number of pre-retirees and retirees who do not enlist the assistance of a professional when devising a financial plan for their retirement, according to a recent study. It also takes a look at how they do in the effort.The study, by the LIMRA Secure Retirement Institute, found... READ MORE

U.S. Senators Elizabeth Warren (D-Mass.) and Steve Daines (R-Mont.) have teamed up to introduce legislation that would create a federal lost and found designed to help stem leakage from retirement accounts.According to its sponsors, the bill uses the data employers are already required to report to... READ MORE

I’ve long enjoyed John Oliver’s take on the world. He has a gift for bringing humor to subjects that aren’t generally seen as funny, and in the process not only helps make complex topics more approachable, he gives voice to the frustration that millions surely feel at the world around us.That said... READ MORE

The head of one of the world’s largest asset managers is calling for a mandate of retirement savings.In what was described as an “open letter to Congress,” Ron O’Hanley, president and chief executive officer of State Street Global Advisors (SSgA), which has about $2.4 trillion in assets under... READ MORE

The impact of the Department of Labor’s May 18 rule revising the federal overtime rules may not be confined to HR and payroll — retirement plan administrators and service providers may be affected as well.The new overtime rules will increase the exempt salary threshold level to $913 per week or $47... READ MORE