PLANSPONSOR Weekend Newsdash
Week ending February 23rd, 2018
Hello, PLANSPONSOR readers! In this week’s roundup, we focus on defined benefit (DB) plans. While the most recent market volatility caught many investors off guard, a survey finds institutional investors have been anticipating it and diversifying portfolios accordingly. LPL researchers offer suggestions for managing interest rate risks, and the Segal Group warns pension plan sponsors to not be fooled about headlines regarding mortality. A court of appeals affirmed that state slayer laws apply to pension benefits when the beneficiary is the person who caused a plan participant to die. And, a bill proposed in California would allow state workers to opt out of the state’s DB plan into a defined contribution (DC) plan. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Investing
Institutional Investors Were Prepared for Market Volatility
Investors surveyed by Natixis cited strategies they’ve been using to diversify their portfolios.Read more >
Investing
LPL Financial Researchers Weigh In on Managing Interest Rate Risk
“The takeaway is critical: it pays to remain patient,” the researchers wrote.Read more >
Administration
Segal Group Warns DB Plan Sponsors Not to Stray From Mortality Assumptions
Although the latest report from the National Center for Health Statistics (NCHS) show life expectancy at birth declined, mortality rates for the older population continue to support projections of longer life expectancy, The Segal Group notes.Read more >
Compliance
ERISA Does Not Preempt State ‘Slayer’ Laws
Citing other courts, an appellate court agreed that “Congress could not have intended [the Employee Retirement Income Security Act] ERISA to allow one spouse to recover benefits after intentionally killing the other spouse.”Read more >
Compliance
California Proposal Seeks Shift from Public DB to DC
California State Senator Steve Glazer, who serves the state’s 7th senate district, introduced a bill earlier this month to allow new state employees the option of opting out of pension plan benefits and instead choose a “self-directed and portable retirement plan.”Read more >
MOST POPULAR STORIES
EARN Act Clears Senate Finance Committee

For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote by the full chamber.

2021 Recordkeeping Survey
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit

The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and on appeal.

TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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