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| Benefits & Administration |
| Panel Suggests Military Retirement Benefit Changes |
| The Military Compensation and Retirement
Modernization Commission issued a report of recommendations for changing
retirement and health benefits for military personnel. The panel says the
Uniformed Services retirement system should be modified to provide retirement
benefits to many more service members and maintain the value of retirement benefits
for current members. It notes that 83% of personnel will not be eligible to
receive the pension for which 20 years of service is required. It recommends
that Uniformed Services implement a blended retirement system that offers both
defined benefit (DB) and defined contribution (DC) elements.Read more > |
| Fidelity finds the year-end average 401(k)
balance was $91,300 for plans in its recordkeeping network—a record high for
401(k) accounts. The average 401(k) balance is up 3% from the end of the third
quarter and 2% year-over-year.Read more > |
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| Products, Deals & People |
| SVIA Launches Stable Value Education Series |
| A video series from the Stable Value Investment Association
(SVIA) is designed to educate investors and financial professionals about
stable value funds. This month, the nonprofit organization began posting
informational videos each week featuring its members from major financial
institutions discussing a range of topics. The first focuses on defining stable
value funds; other topics include the benefits of stable value funds, their
performance history, and comparisons to other conservative investment options.Read more > |
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| Economic Events |
| THE ECONOMIC WEEK AHEAD: Today, the
Census Bureau will report about construction spending for December. Tomorrow, it will report about factory
orders for December. Thursday, the
Labor Department will issue its initial claims report. Friday, we’ll learn the unemployment rate for January from the Bureau
of Labor Statistics. |
