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week ending November 13th, 2020
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Defined benefit (DB) plan sponsors can expect more market volatility, affecting their funded status. That’s why it is important for them to reassess their investment strategies for 2021. As DB plan sponsors also implement strategies to manage costs, an American Academy of Actuaries report says the way Pension Benefit Guaranty Corporation (PBGC) premiums are set and counted in the budget discourages the offering and maintenance of DB plans. Prior to the election, the Trump administration ordered a review of the situation for retirees of auto parts maker Delphi, whose pension was transferred to the PBGC. It remains to be seen if something will result from that in this or the next administration. This edition of PLANSPOSNOR Weekend focuses on DB plan administration. |
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Editor's Choice |
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Popular Reads |
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Compliance
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EARN Act Clears Senate Finance Committee
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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.
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