Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 23rd, 2016
Benefits & Administration
Social Security Insolvency Date Remains the Same
The annual report of the Social Security Trust Funds indicated that total assets of the OASDI Trust Funds increased by $23 billion in 2015 to a total of $2.82 trillion. The combined trust fund reserves are still growing and will continue to do so through 2019. However, beginning in 2020, the total cost of the program is expected to exceed income. In order for the combined OASDI funds not to become depleted in 2034, Congress will need to take some action, the Social Security Administration said.Read more >
PSNC 2016: Dealing with Problematic Participants
Two retirement industry experts discussed how to respond to outspoken retirement plan participants, including those who backlash against plan changes and those who may think they know best or who read or watch something that causes them to question their employer’s retirement plan.Read more >
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