Retirement Income

State and local governments’ defined benefit assets ended 2016 on a positive note, according to the Federal Reserve, which says that public DB plan assets grew in the 4th quarter.The National Association of State Retirement Plan Administrators reports that funded public DB assets grew by 1.3%, to a... READ MORE

Workplace retirement plans are often, and rightfully, designed to help workers get to retirement — but why stop there?“Turning savings into a reliable, lifelong income stream is challenging,” writes Vanguard Institutional Investor Group Managing Director Martha King in a recent blog post. “Not only... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) has released the first installment of its 2015 Data Book. The 2015 Pension Data Book includes updated figures for summary and claims tables relevant to single-employer pension plans. The PBGC has released such books and tables since 1996.  The book... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) and the Sears Holding Corporation have reached a new agreement to protect Sears’ two pension plans.PBGC and Sears finalized a pension plan protection agreement under which Sears agreed to protect the assets of certain special purpose subsidiaries... READ MORE

Drains on retirement income abound. That’s natural in the course of daily life. But one of them — long-term disability — is largely unheralded, despite its being less than rare, argues a recent analysis.In “Addressing the Risk of Long-Term Disability on Retirement Income,” an article appearing in... READ MORE

Study after study shows that when given the opportunity to save in a workplace retirement plan, Americans do just that — but reports of a new study claim that only a third are saving money in an employer-sponsored or tax-deferred retirement account.That study — more precisely a draft of a study... READ MORE

The so-called “Trump bump” looks to be bringing good news to those 401(k) balances.For the month, the nonpartisan Employee Benefit Research Institute (EBRI) found that the average account balance for younger (25-34), less tenured (1-4 years) workers surged by 8.0% (that’s not a typo) in February,... READ MORE

There’s strong support for employer involvement in facilitating retirement saving. Not only that, a healthy majority of workers at employers that do not offer a retirement plan would save for retirement if they were given access to a plan, says a recent study.In “Workers and Retirement Programs:... READ MORE

When it comes to spending in retirement, a lot could come down to where you live.That’s the conclusion of new research by the nonpartisan Employee Benefit Research Institute (EBRI), which finds large variations in spending by older households across the country.According to “Geographic Variation in... READ MORE