Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 30th, 2016
Benefits & Administration
The Illinois Teachers’ Retirement System (TRS) Board of Trustees reduced its long-range assumed rate of investment return to 7% from 7.5%, a move it says reflects changes in the world economy which have dampened investment results. Since 2008, 45 public pension plans have reduced their return assumptions, including the two largest public pension systems in the nation.Read more >
Bills, Low Income and Debt Hinder Retirement Savings
Americans are trying to save despite having many other competing financial interests, according to a survey by the Certified Financial Planner Board of Standards, Inc. However, the study finds those who started saving for retirement early and have consistently saved are more confident in their financial future.Read more >