The city of Providence, Rhode Island, claimed its long-time actuary, Buck Consultants, incorrectly estimated savings it would see from suspending COLAs for retirees.
ERISA attorney David Levine discusses the challenges for, and potential positive outcomes from, DOL guidance about state-run retirement plans for the private sector.
There are benefits of converting pre-tax retirement plan accounts to a Roth account, but plan participants, and perhaps even sponsors, don’t understand them.
One career actuary tells PLANSPONSOR pension plan clients have voiced a range of strong emotions—even a sense of betrayal—after yet another round of PBGC premiums hikes was announced.
The Employee Benefit Research Institute has been conducting “value of benefits” surveys for 20 years to determine the relative importance of different benefits to workers—with one consistent winner.
States offering retirement planning solutions to private-sector workers got their first look at a few highly anticipated (and increasingly controversial) pieces of regulatory guidance this week.
Volatility and geopolitical challenges aside, experts at one ERISA-focused law firm are hearing more frequent inquiries from qualified U.S. retirement plans about investing in domestic Chinese markets.