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Defined benefit pensions help with the three Rs of workforce management: recruitment, retention and retirement, per the National Institute on Retirement Security.  

For the third consecutive year, BlackRock’s survey finds at least 60% of respondents from all generations say they are worried about outliving their savings in retirement.

First Eagle Investments hires senior director of consultant relations; Vanguard Group head of Europe announces retirement; Manulife names head of insurance.

A Michigan federal judge approved a preliminary agreement in Garcia et al. v. Alticor Inc. et al.

Another strong month for pension funding status puts an ‘exclamation point’ on a strong run as the Fed ponders an interest rate drop.  

Principal brings second annuity with guaranteed lifetime income to market to meet ‘record wave’ of retirees; Broadridge adds values-based investing tool for advisers; and T. Rowe Price launches...

Deva Kyle, an experienced employee benefits expert, was nominated to become the next director of the Pension Benefit Guaranty Corporation.

The IRS has provided guidance on certain exceptions from the 10% tax penalty for emergency personal or family expenses and for survivors of domestic abuse.

Workers are looking to spend less on benefits and reduce costs where they can, according to new research from LIMRA. 

The House Committee on Education and the Workforce voted 23 to 18 to nullify the Retirement Security Rule.

A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the use of plan forfeitures.

The new proposal is likely to emerge in 2025.

The Delaware EARNS plan officially opened for registration, Vermont Saves is on track to launch sooner than anticipated and Rhode Island Secure Choice was signed into law.  

A Connecticut federal judge rejected the plan sponsor’s motion to dismiss, so the ERISA fiduciary breach case involving BlackRock TDFs will continue.

Experts recommended annuities in QDIAs would help participants avoid outliving their assets.

For plan sponsors, retaining older workers will require greater attention to plan designs that support workers at older ages.

Experts discuss the trends of streamlining the investment menu and adding lifetime income options

Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning of Chevron. 

BNY hires Minaya as global head of investments and wealth; Itami joins Lathrop GPM from Groom Law Group; Maxwell joins Pentegra as head of strategic accounts; and more.

PEPs play a key role in the proposal to Louisiana Senator Bill Cassidy to get more independent contractors saving for retirement.