Advertisement
Retirement Income
A May 21 Senate Finance subcommittee hearing that purported to be about strengthening Social Security morphed into a critical discussion of the merits of the defined contribution system and industry. Testifying at the hearing held by the committee’s Subcommittee on Social Security, Pensions, and...
READ MORE
The Joint Economic Committee, a bicameral congressional committee charged with studying matters relating to the United States economy, held a hearing May 21 that examined the unique issues that women face in retirement. Sen. Amy Klobuchar (D-Minn.), vice-chair of the committee, convened the hearing...
READ MORE
Lauding the federal Thrift Savings Plan as “one of the most efficient savings plans in America,” Sen. Marco Rubio (R-Fla.) urged that the DC plan for federal employees be made available to private workers nationwide. Rubio, a potential 2016 presidential candidate, floated the idea in a May 13...
READ MORE
Much has been made about providing fee disclosure statements to plan sponsors and participants. But a paper by Mercer and the Stanford Center on Longevity, “Retirement Income Statements May Help Avert a Looming Crisis,” suggests that participants would be at least as interested — if not moreso — in...
READ MORE
The funded status of private- and public-sector pension plans is a classic example of bad news/good news. To wit: Corporate pensions’ funded status fell in April, but only very slightly; and some states’ pensions are in bad shape, but funding of public-sector pension plans overall is improving. As...
READ MORE
Just under half of employers in a study by the LIMRA Secure Retirement Institute say that the Affordable Care Act has affected the way they run their retirement plans and how much they spend on them. According to the LIMRA study, 55 percent of the employers that have made changes because of the ACA...
READ MORE
On the Department of Labor’s radar screen: requiring DC plan administrators to adjust the benefit statements they distribute to provide lifetime income illustrations based on current and projected account balances. So a recent study by the LIMRA Secure Retirement Institute is particularly well-...
READ MORE
In remarks at a recent conference on income inequality, Sen. Ron Wyden (D-OR), the incoming Chairman of the Senate Finance Committee, may have tipped his hand on how he will treat employer-provided retirement plans, advocating the simplification and consolidation of “the array” of current...
READ MORE
In remarks at a recent conference on income inequality, Sen. Ron Wyden (D-OR), the incoming Chairman of the Senate Finance Committee, may have tipped his hand on how he will treat employer-provided retirement plans, advocating the simplification and consolidation of “the array” of current...
READ MORE
The words have barely faded from the teleprompter, but retirement experts have wasted no time in expressing caution regarding the “myRA” retirement accounts President Obama unveiled in his State of the Union Address. Chris Carosa of Fiduciary News provides a comprehensive list of 10 reasons to...
READ MORE
The words have barely faded from the teleprompter, but retirement experts have wasted no time in expressing caution regarding the “myRA” retirement accounts President Obama unveiled in his State of the Union Address. Chris Carosa of Fiduciary News provides a comprehensive list of 10 reasons to...
READ MORE
The words have barely faded from the teleprompter, but retirement experts have wasted no time in expressing caution regarding the “myRA” retirement accounts President Obama unveiled in his State of the Union Address. Chris Carosa of Fiduciary News provides a comprehensive list of 10 reasons to...
READ MORE