The California Public Employees' Retirement System (CalPERS) reported about efforts that have saved the pension fund more than $162 million in the last three fiscal years.
The ERISA Industry Committee (ERIC) has commented about the Pension Benefit Guaranty Corporation’s request to obtain information about de-risking moves made by pension plans.
Millennials change jobs more frequently, giving them more opportunities to cash out of their 401(k) plans and cut into future retirement savings, says Spencer Williams of Retirement Clearinghouse.
As defined benefit (DB) plan sponsors try to decrease their risks, offering a lump-sum distribution opportunity for certain participants has become a popular option.
More than three-quarters of large and midsize U.S. employers that sponsor 401(k) and 403(b) defined contribution (DC) plans say retirement readiness has become a major issue for their...
Defined benefit (DB) plans are the primary vehicle for ensuring retirement income security for public workers, and Callan Associates believes these plans are viable and necessary in this...
The outsourced chief investment officer (OCIO) search is a formidable task even for experienced retirement plan committees, says Ronald Klotter, managing director of Strategic Investment Group.
Funded ratios of public pension plans rose modestly from last year, but remain near 70% despite several strong years of post-2009 investment returns, according to Milliman.