Retirement Income

Recent changes to the proposed rules for the Oregon Retirement Savings Plan — which has since been renamed OregonSaves — were fueled by comments the Oregon State Treasury received that sought clarifications and additional information on what employers’ responsibilities will be once the plan is in... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) can use its valuation method to calculate the Durango-Georgia Paper Co.’s terminated pension plan’s unfunded liabilities, says U.S. Bankruptcy Judge John S. Dalis of the U.S. Bankruptcy Court for the Southern District of Georgia, Brunswick Division in... READ MORE

The most common DC match turns out to not be the one that participants were more likely to get, according to a new report.Altogether, the most common match rates for employee contributions (with various limits on the maximum employee contribution matched) were 50% and 100%, both used by about 37%... READ MORE

People often talk about the significance of the “free” money associated with the company match in retirement savings — but there’s another source of “free” money that is often overlooked.I’m talking about the so-called Saver’s Credit, more precisely the Retirement Savings Contributions Credit. It’s... READ MORE

Decisions, decisions. In a land of plenty, there are myriad options in almost everything. And that often includes how one’s retirement plan funds are to be invested. But a recent paper suggests that at least in that case, less may be more.In “Simplify Menus to Meet Participant Objectives,” American... READ MORE

Retirement investments and advice are among the examination priorities of the Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) for 2017, the SEC said on Jan. 12. The OCIE’s priorities reflect a continuing focus on protecting retail investors, says... READ MORE

A report by the Bureau of Labor Statistics (BLS) finds a number of factors influencing the cost of providing those benefits beyond wages.According to “Defined contribution retirement plans: Who has them and what do they cost?,” the BLS reports that in March 2016, the overall employer cost for... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) has issued a request for information (RFI) seeking public feedback on proposed “two-pool” alternative withdrawal liability arrangements. When an employer partially or completely withdraws from a multiemployer pension plan, the employer may be required... READ MORE

A new survey finds that Americans are feeling better about their financial situation — though that may be dampening their enthusiasm for good financial resolutions.According to Fidelity Investments’ eighth annual New Year Financial Resolutions Study, 45% say they are in a better financial situation... READ MORE