Retirement Industry People Moves
Mercer Reveals Leadership Changes in Its Wealth and Health Hemisphere; Milwaukee Institutional Announces Boston Location Led by VP; BPOC Acquires...
Tag: Defined Benefit (DB)
Retirement Industry People Moves
T. Rowe Price brings in new head of CEDT Innovation Center; USI Consulting hires assistant vice president of retirement services;...
Mercer Expects Retirement Plans to Fare Well in Tax Reform
However, employers will likely have some difficulty in knowing how to handle the January 1, 2018, effective date that has...
Democratic Lawmakers Urge Quick Passage of Butch Lewis Act
House and Senate Democrats warned that, if nothing is done, many of the more than 200 multiemployer plans in the...
Retirement Industry People Moves
Industry veteran joins Meeder as SVP; PGIM Investments appoints chief marketing officer to drive global expansion; FS Investments hires national...
Democrats Pledge to Protect Union Pensions
House and Senate Democrats hope to pass legislation to “put union pension plans back on solid footing,” but their bicameral...
Institutional Investors See Eight Quarters of Positive Returns
Wilshire’s data shows this was the best one-year return since the year ending June 30, 2014; that year ended with...
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...
Appellate Decision Backs U.S. Bank in Pension Dispute
Discussion in the new appellate decision lays out some important distinctions regarding the initial district court’s decision to dismiss the...
Shift to Defined Contribution Plans Causes Concern Internationally
A collaborative survey between the U.S., Britain and Australia shows working-age employees struggle with retirement planning and saving.
International Paper Offloads $1.3B in Pension Liabilities
Prudential will formally assume responsibility for pension benefits for approximately 45,000 former employees or their beneficiaries receiving less than $450...
Older Workers Not Saving Enough for a Secure Retirement
A new study suggests that without a universal supplement to Social Security, many of the 24 million workers ages 55...
Given a Choice, Public Sector Employees Choose DB Over DC
Among the eight states studied that offer employees such a choice, the take-up rate of DB plans was 80% or...
IRS Issues Amendments for Bifurcated DB Distribution
The amendment suggests language a defined benefit sponsor might want to use.
As Many as 114 Multiemployer Pension Plans Expected to Fail Within 20 Years
Cheiron Inc. says the plans, covering 1.3 million workers, are underfunded by $36.4 billion.
Appellate Court Weighs Foot Locker Cash Balance Disclosure Failures
The appellate court and district court both agree that Foot Locker did not adequately disclose to participants the possibility of...
Actuaries Propose Simplified Pension Funding Notices
The Annual Funding Notice requirements implemented by the Pension Protection Act have been somewhat helpful but could be significantly improved,...
Cost Concerns Driving Pension Risk Transfer Decisions
Even the plan sponsors that have not implemented a pension risk transfer say costs from changing mortality assumptions and rising...
Court Decision Leaves Open Question of Responsibility for Government Plans
In addition, the 5th Circuit found a settlement agreement between Singing River Health System and its current and former employees...