Guaranteed Income

How can we best address the challenges we face concerning retirement security? Speakers at the Employee Benefit Research Institute-Education Research Fund policy forum held May 12 in Washington, D.C. offered ideas from several perspectives.“It’s a crisis for you if you’re not prepared,” said G.... READ MORE

A new Gallup poll not only finds that Americans are worried about having enough money for retirement — that concern continues to top the list of financial concerns.Nearly two-thirds of Americans were worried about having enough money for retirement, with 33% saying they were “very worried.” Overall... READ MORE

In honor of Ed Burrows’ contribution to the advancement of the general understanding of pension knowledge, an annual honorary payment of $2,000 is awarded for the best paper submitted on a topic selected by the Ed Burrows Award Committee. The winning submission will be the paper that in the... READ MORE

Legislation before the U.S. House would exclude Pension and Benefit Guaranty Corporation receipts and disbursements from the federal budget.H.R. 4955, the Pension and Budget Integrity Act of 2016, was introduced on April 15 by Rep. James Renacci (R-Ohio).The bill notes that ERISA did not include... READ MORE

Millennials may be redefining retirement, and not in the way you might think.In a new survey, more than 4 out of 10 (41%) Millennials said they expect to retire when they hit a certain financial milestone or savings goal, rather than attaining a specific age (cited by 35% of Boomers and 29% of Gen... READ MORE

A new report claims that while portability is frequently cited as an obstacle to offering a lifetime income product, portability solutions and options are available today but are not well recognized.“In-Plan Guaranteed Lifetime Income: Debunking Portability Myths,” published by the Institutional... READ MORE

“Act your age!” An admonishment usually reserved for young people, but not exclusively. T. Rowe Price recently developed a way for individuals to find determine if they act their retirement savings age. And interestingly, they found that the most retirement-savvy generation may be — of all things... READ MORE

It was 10 years ago last week — a Saturday morning as I recall. I had just wrapped up my weekly column when I got a call from my sister. My father, at the age of 76, suffered a series of heart attacks. We scrambled to make preparations for the trip home to Chicago, but by the end of the day, he had... READ MORE

Despite a lack of radical developments, there were some new trends among the 20 largest corporate defined benefit plan sponsors in 2015, says asset management firm Russell Investments.There was no predominant trend concerning DB plans last year, says Russell, and funded status was largely unchanged... READ MORE