Industry veteran joins Meeder as SVP; PGIM appoints chief marketing officer to drive global expansion; FS Investments hires national sales manager to oversee sales professionals; and more.
Tag: Defined Benefit
House and Senate Democrats hope to pass legislation to “put union pension plans back on solid footing,” but their bicameral position in the minority makes this a tall task.
Wilshire’s data shows this was the best one-year return since the year ending June 30, 2014; that year ended with a 15.51% median return and a third consecutive quarter to post an annual return above 10%.
Melbourne Mercer Global Pension Index Urges Countries With Unsustainable Pension Systems to Take Action Now
The index’s ninth edition looks at how unsustainable pension systems in some countries need to learn from leading countries or risk creating intergenerational equity issues and disappointed retirees.
Discussion in the new appellate decision lays out some important distinctions regarding the initial district court’s decision to dismiss the lawsuit, weighing arguments of standing and mootness.
A collaborative survey between the U.S., Britain and Australia shows working-age employees struggle with retirement planning and saving.
Prudential will formally assume responsibility for pension benefits for approximately 45,000 former employees or their beneficiaries receiving less than $450 in monthly benefit payments from the plan.
A new study suggests that without a universal supplement to Social Security, many of the 24 million workers ages 55 to 64 will face declining living standards or poverty in just 10 years.
Cheiron Inc. says the plans, covering 1.3 million workers, are underfunded by $36.4 billion.
The appellate court and district court both agree that Foot Locker did not adequately disclose to participants the possibility of “wear-away” during the transition to a cash balance approach.
The Annual Funding Notice requirements implemented by the Pension Protection Act have been somewhat helpful but could be significantly improved, according to the American Academy of Actuaries.