Wednesday, July 19th, 2023 A biweekly topical newsletter from PLANSPONSOR DB Plans Information for plan sponsors about defined benefit plans. SPONSORED AD Investing US Corporate Pension Funded Status Sees Significant Jump in June The funded status reached its highest level since before the Great Recession of 2007 to 2009, according to one analyst firm. Compliance PBGC Modifies Benefit Payment Regulations for Terminated Single-Employer Plans The final rule clarifies lump sum payments, de minimis amounts and payments to estates. Benefits PSNC 2023: DB Plan Design Speakers advise plan sponsors on what to consider when looking to terminate their defined benefit plans and offering lump sums to participants.   Benefits PBGC Grants More Than $2 Billion to PACE and National Integrated Group Pensions Three smaller plans also received SFA assistance. Data and Research Retirement Plan Access Deficit Could Cost Fed, States $1.3 Trillion The lack of access for private sector workers to a retirement savings plan is likely to cost the federal government more than $1 trillion, study finds.     Data and Research US Public Pensions ‘Convinced’ Inflation is on Path to Moderation Following nine successive Federal Reserve interest rate hikes and inflation hitting a peak of 9.1% in June 2022, U.S. public pensions are ‘building for the long term.’ Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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