|
| Benefits & Administration |
| Impatience, Financial Literacy Could Be Strong Reasons for Retirement Savings Inadequacy |
| Researchers set out to determine how financial literacy and impatience (present-bias) affect retirement savings behaviors. “Both financial literacy and short-run impatience play important roles in determining retirement saving, even after controlling for education and income,” researchers say in a study report. They say their results should interest policymakers seeking to determine how to better shape the environment in which individuals undertake saving and investment choices. The results imply that it may be useful to facilitate decision making, particularly among the less-educated, as well as to facilitate people committing to and carrying out long-term financial decisions.Read more > |
| Generalizations Do Not Show the True Picture for Public Pensions |
| Looking at the average funded ratio of all public pensions leads to generalizations, but dividing them into groups shows many are doing well, while some will need serious intervention.Read more > |
| Managing Surplus Funding When Terminating a DB Plan |
| An article by Brian Donohue, partner at October Three Consulting, discusses how a funding surplus can pose a challenge to defined benefit (DB) plan sponsors’ risk transfer or plan termination actions and what they can do to mitigate this problem.Read more > |
