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Wednesday, October 2nd, 2024
A topical newsletter from PLANSPONSOR
DB Plans
A collection of articles focusing on defined benefit plans.
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Investing
August Yields Mixed Results for Corporate Pension Funded Statuses
The majority of pension trackers found that equity markets performed well in August but were offset by an increase in liabilities.
Benefits
Prudential to Complete Industry’s 1st Multiemployer Pension Risk Transfer
The $221 million transaction will secure pension benefits for retirees and beneficiaries at Sound Retirement Trust, a multiemployer plan for grocery workers in Washington state.
SURVEYS
2024 Defined Benefit Administration Survey
Will Pension Funds Come Back in Vogue?Despite well-known costs, current widespread surplus funding levels have prompted reconsideration of defined benefit offerings.
Benefits
Ohio Multiemployer Pension Fund Gets $31.6M PBGC Grant
The Newspaper Drivers Local 473 Plan will receive funding under the federal Special Financial Assistance Program.
Compliance
Single and Multiemployer PBGC Funds Likely to Remain Solvent Through Projection Period
According to the latest Pension Benefit Guaranty Corporation projection report, solvency is expected for both insurance funds.
Data and Research
State, Municipal Retirement Systems Remain Stuck in ‘Pension Debt Paralysis’
Equable projected that state and local public pension plans will have an average funded status of 80.6% in 2024. 
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