2023 DB Summit: Factors in DB Plan Decisionmaking
To keep the defined benefit plans active or not? That is the question for many plan sponsors.
Tag: Defined Benefit
Transportation, Sheet Metal, Service and Manufacturer Pensions Receive PBGC Assistance
Multiemployer pension plans from Baltimore, New York, Puerto Rico and Ohio received a total of $26.7 million of additional assistance.
Ibuprofen Stock Surges as Plan Sponsors Read New DB Plan Rules in SECURE
SECURE 2.0 makes several regulatory and disclosure changes for DB plans.
PBGC Advisory Board Adds Four Presidential Nominees
Four new appointees make a total of seven, charged with advising the PBGC on investments and other decisions.
GAO Study Highlights Increased Mortality of Impoverished Seniors
The U.S. is more unequal than the other countries studied, low income and wealth are associated with higher mortality, and...
EBRI CEO Lori Lucas Announces Pending Retirement
Lucas will stay at the helm through the end of the year while helping the research group source its next...
Puerto Rico Hospitality Union Pension Latest to Get PBGC Relief
The stressed union pension plan will receive more than $28 million in special financial assistance, including interest to the expected...
In Private Letter Ruling, IRS Permits DB-to-DC Asset Transfer
The ruling only applies to the case at hand, but there are still lessons to be learned from an employer’s...
Experts Analyze the Finalized Union Pension Relief Funding Framework
A handful of important changes were made this week to the Pension Benefit Guaranty Corporation’s Special Financial Assistance program for...
Pension Plan Sponsors Can Tackle Improper Payments
More rigorous approaches may be needed for corporate pension plan sponsors to curtail profligate payments.
Pension Risk Transfer Volume At Record Level
First quarter pace is projected to accelerate this year.
Court Dismisses ERISA Actuarial Equivalence Lawsuit
The ruling, issued in favor of Partners Healthcare System, offers a substantial legal analysis of ERISA’s requirements as they pertain...
Understanding PRT: Administrative and Fiduciary Considerations
One important distinction to make when considering a pension risk transfer is the difference between fiduciary and settlor functions.
Principal Completes Wells Fargo Custody Client Transitions
With the integration completed, Principal Custody Solutions now serves nearly 3,000 institutional clients representing more than $1 trillion in assets.
With Pandemic Lessons Learned, Institutional Investors Gear Up for 2022
The first year of the pandemic was defined by a flight to safety, while 2021 brought a risk-on stance and...
Benefits |
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
There are instances where a DB plan is the more cost-effective option, but experts say the trend of lower DC...
State and Local Government Workers’ Annuity Preferences
Virtually all state and local workers are offered a single- and joint-life annuity, while about 40% are offered a period...
Citgo Annuity Conversions Challenged in ERISA Lawsuit
Echoing similar complaints filed against other large employers, the plaintiffs claim Citgo is failing to pay the full promised value...
Ascensus Leader Discusses New Private Equity Backing
Ascensus CEO David Musto says the deal is about continuing to invest in new capabilities, technology and solutions.
Benefits |
It’s Back to Basics for Benefits Priorities
Prior to the pandemic, ultra-low unemployment put a spotlight on ‘lifestyle benefits’ for employees. The COVID-19 downturn has already shifted...