| | Benefits & Administration | | The funded status of public pensions has increased from 73% in 2014 to 74% in 2015, according to a new issue brief from the Center for State and Local Government Excellence, “The Funding of State and Local Pensions: 2015-2020.” The analysis by Alicia H. Munnell and Jean-Pierre Aubry finds one reason for the improvement is that plan sponsors paid a greater share of their actuarially determined employer contribution (ADEC), even though that contribution has increased as a percentage of payroll.Read more > | | Boosting retirement savings through innovation, new technology, and even a dancing pig was the subject of Wednesday’s hearing by the Senate Special Committee on Aging: “Closing the Gap: Innovations to Promote Americans’ Financial Security.” Susan Collins, R-Maine, and Claire McCaskill, D-Missouri, committee chairman and ranking member, respectively, listened to testimony from retirement industry insiders about solutions, both familiar and cutting-edge, aimed at addressing some sobering statistics.Read more > | | PSNC 2016: DC Plan Investment Menu Trends | | Keeping it simple for participants, paying attention to fees, and considering money market reform are three trends transforming DC plan investment menus.Read more > |
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