Retirement Income

Employer-provided retirement benefits in general are holding steady, according to the Society of Human Resource Management (SHRM). In “2016 Employee Benefits: Looking Back at 20 Years of Employee Benefits Offerings in the U.S.,” SHRM reports that some aspects of employer-provided retirement... READ MORE

Look for a bill to be introduced in Congress next month that some have called “auto-IRA on steroids.”At the recent Aspen Institute Financial Security Program (FSP) commemorating the 10th anniversary of the Pension Protection Act, Rep. Joe Crowley (D-N.Y.), Vice Chair of the House Democratic Caucus... 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

The Pension Benefit Guaranty Corporation (PBGC) on June 17 issued reports on the health and prospects for its multiemployer program and its single-employer program. The upshot: one needs help in order to be solvent, and the other may be so in the not-so-distant future.Multiemployer ProgramIn the ... 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

Last week, House Republicans released the first of six documents detailing their policy agenda, a portion of which included recommendations to “build retirement security through the private retirement system.” The most notable aspect of the report, however — a blueprint from the Task Force on... READ MORE

You couldn’t find two U.S. senators much farther apart on the ideological spectrum than Elizabeth Warren (D-Mass.) and Mike Lee (R-Utah) — but they have teamed up on bipartisan legislation to make retirement saving easier.Specifically, Warren and Lee have introduced the Graduate Student Savings Act... 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

A recent Supreme Court case that didn’t have anything to do with ERISA is already having an impact on ERISA litigation — and could have more in the years to come.At issue is what kind of harm must be alleged in order to have standing/sue — and the Supreme Court’s decision in Spokeo Inc. vs. Robins... READ MORE