Benefits

The National Conference on Public Employee Retirement Systems cautioned that dismantling U.S. public defined benefit pensions would cost taxpayers.

The Department of Labor’s June jobs report and new MissionSquare research indicate that state and local hiring has risen.

Three academics explored a guaranteed payout path involving defaulting retirement assets into annuities.

The Federal Emergency Management Agency issued a major disaster declaration, clearing the way for assistance.

Both houses of the legislature voted in favor of the FY 2026 budget bill, which includes the provision creating the Massachusetts Secure Choice program.

The products are complex for various reasons, but recent regulatory changes and potential demand are expected to continue driving plan sponsor adoption.

In honor of ‘Bobby Bonilla Day' on July 1, TIAA and Nuveen produced a short film based on the former New York Mets player’s legendary secured income contract.

A 2024 survey of school officials by the Equable Institute found that retirement contributions are rising significantly faster than public school funding.

Experts discussed opportunities for innovation and improvement, as well as some challenges that threaten participants’ retirement readiness.

The competitively bid price of transferring retiree assets dropped to an estimated 101.1% of a plan’s accumulated benefit obligation.

Uncertainty and confusion about products, plan design and longevity all present obstacles to turning retirement savings into regular income.

With more recordkeepers embedding artificial intelligence capabilities into their platforms, many hope it will help participants select retirement income solutions.

Included in House Republicans’ ‘Big Beautiful Bill’ are investment accounts promoting financial security for American children.

The American Benefits Council has pitched a plan to redirect some $100 billion in surplus funds from pension funds without terminating retirement plans.

The legislation, referred to the House Committee on Oversight and Government Reform, comes after the panel advanced a measure to cut federal employee pensions last week.

The legislation aims to provide clarity for Americans deciding when to claim benefits.

The firm intends to offer retirement plan participants higher growth potential by removing management fees in what it terms an industry first.

The state programs, administered by Vestwell, expect the partnership to reduce costs.

Experts discussed how pharmacy benefit managers drive the cost of prescription drugs and what plan sponsors should watch for in contracts.

With ‘enhanced technology,’ the SSA will now conduct an anti-fraud check on all phone applications for benefits.