MetLife Settles Mortality Table ERISA Lawsuit for $23M
The agreement ends a nearly 8-year legal dispute concerning plaintiffs receiving fewer benefits due to outdated actuarial tables.
Tag: Actuarial issues
GASB Issues Implementation Guide on Fiduciary Activities
The central objective of the Statement 84, Fiduciary Activities, is to enhance the consistency and comparability of fiduciary activity reporting...
New Contribution Strategies Needed to Improve Public Pension Funding
A study by the CRR finds that state and local pension funding is expected to improve in 2017 due to...
Some DB Plans Changing Accounting Measures
Most companies used a single weighted average discount rate to measure the interest cost and service cost components of benefit...
Maryland Pension System Further Reduces Return Assumption
State Treasurer Nancy K. Kopp says, “Recognizing that both the inflation experience and expectations for future inflation remain lower than...
PBGC Seeks Plan Sponsor Input on Agenda
Retirement plan industry stakeholders are asked what objectives and projects the pension insurance agency should prioritize in the years ahead.
Benefits |
New Comparability Plans Allow the Employer to Reward Older Employees and Owners
They are popular among small, professional firms with a disparity in pay.
GASB Proposes Implementation Guide for OPEB Standards
The proposed Implementation Guide provides answers to questions intended to clarify, explain, or elaborate on the requirements of GASB Statement...
There Is No Single 'Right' Measurement for DB Plan Funding
The purpose of the measurement determines which number is “right,” according to the American Academy of Actuaries.
Proposed Mortality Assumptions Will Increase DB Plan Costs
The Society of Actuaries estimates an increase in funding target liabilities, PBGC premiums and minimum required contributions.
Better Lump Sum Info Boosts Plan Participant Outcomes
Among DB plan participants who were given a choice between a lump sum or an annuity, fewer than half said...
California Plans’ Lowered Discount Rates Will Increase Pension Costs
S&P Global Ratings estimates CalPERS and CalSTRS will contribute $2 billion more a year toward pension costs.
FASB Updates Standards for Pension Reporting
The Board says it is issuing the update primarily to improve the presentation of net periodic pension cost and net...
Pension Plans of Largest U.S. Cities Offer Food For Thought
Many of the largest pension plans in the U.S. are lowering assumed long-term rates of return in light of global economic headwinds,...
The Challenge in Lowering Public Pensions’ Return Assumptions
Public plans that reduce their return assumption in the face of diminished near-term projections will experience an immediate increase in...
Products |
MassMutual Introduces Custom Yield Curves for DBs
The custom solution offers plan sponsors and their auditors an alternative solution with greater transparency than similarly available benchmarks in...
PBGC Issues RFI About Alternative Multiemployer Plan Withdrawal Liability Calculation
The agency wants to hear about issues involving a two-pool withdrawal liability method.
Motives Behind DB Sponsors’ Move to Mark-to-Market Accounting
A study suggests that defined benefit plans’ move to mark-to-market accounting may be less driven by transparency motives and more...
FASB Proposes New Reporting Standards for Pensions
The proposal would require reporting the service cost component of retirement benefit costs separately from other components.