Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 12th, 2015
Editor’s Note
PLANSPONSOR is pleased to bring you a special edition of NewsDash, sponsored by MetLife, focused on defined benefit plans.
Pension De-Risking
Factors Still Ripe for Choosing Pension Risk Transfer
The market is poised for accelerated defined benefit pension plan risk transfer activity, according to speakers featured in a Mercer webcast.Read more >
Rising PBGC Premiums Drive Increase in PRT Activity: Mercer attributes the rise in pension risk transfer activity to PBGC premium increases.Read more >
Pension Pulse: Nearly one-third (29%) of defined benefit (DB) plan sponsors are likely to consider a pension risk transfer option for their plans in the next two years, according to a MetLife Pension Risk Transfer Poll of 228 DB plan sponsors.  Of those considering a pension transfer option, 73% would opt for a buy-out while 15% would select a buy-in.Read more >
Rising Costs to Hit De-Risking Plans in 2015: Any plans for a pension buy-in or buy-out are more likely to be delayed as liabilities rose again last year.Read more >
Pension Funding
Top DB Plans Lose Ground Last Year
A new study shows the greatest funded percentage drop since 2008.Read more >
Pension Funded Status Falls in First Quarter of 2015: Funded status levels for the average pension plan dropped in the first quarter of 2015, according to a report by LGIMA.Read more >
Most States Meeting Commitments to Fund Pensions: Despite perceptions that many states have fallen far short of their pension funding requirements, most states have made a reasonable effort to fund their share of pension contributions.Read more >
AT&T Seeks Dismissal From Two Lawsuits Targeting PRT Deal with Athene
PSNC 2024: Essential QDIA Considerations
Deals and People
Retirement Industry People Moves
DB Plan Administration
Largest Pensions Troubled by Longer Lifespans
The United States’ 19 largest pension funds hold roughly 40% of the nation’s pension obligations, according to Russell Investments, so it’s no big surprise they are struggling with longevity trends.Read more >
Failing Multiemployer Plans Face More Reduced Benefits: PBGC multiemployer plan benefit guarantees will cover a smaller share of benefits in future plan failures, a study shows.Read more >
Regulatory Developments
Changes Plan Sponsors Would See with Fiduciary Rule
Reading media reports about how the Department of Labor’s (DOL’s) new fiduciary investment advice proposal will affect adviser practices, plan sponsors may be asking, “What does it mean for us and our employees?” The DOL’s new fiduciary investment advice proposal replaces or updates past guidance about advice to plan sponsors and participants in ways that would provide additional protections and make fees and who is acting as a fiduciary clearer. However, the proposal also changes the distinction between education and advice in such a way that some expect plan sponsors and participants to have access to less help and guidance.Read more >
PBGC Revising Reportable Events Forms: The PBGC is requesting that OMB extend approval of collections of information about certain reportable events until final rules can be published.Read more >
PBGC Proposes Electronic Filing for Multiemployer Plan Notices: The PBGC says electronic filing of certain notices required by multiemployer plans would result in greater efficiencies for the government.Read more >
Oral Misrepresentation Enough to State a Claim Under ERISA: A pension plan participant who claims he didn’t receive promised credit for service can proceed with his lawsuit.Read more >
Multinational Pensions Push to Centralize Governance
Streamlining resources—and committing more to DC—will be the future for multinational pensions, a survey has found.Read more >
Deficit Denial: Companies ‘Increase R&D Instead of Pension Payments’: Research suggests companies running large pension deficits are avoiding making bigger contributions.Read more >
UK Pensions ‘Must Collaborate to Cut Deficits’: A £47 billion shortfall won’t be addressed by raising taxes or investing passively, says the LPFA’s Susan Martin.Read more >
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Editorial: Alison Cooke Mintzer


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