Over Half of Americans Have Nothing Saved in a Retirement Account
The median retirement account balance among all U.S. workers is "zilch"
The median retirement account balance among all U.S. workers is "zilch"
They are seeking reductions as high as 50%.
The blueprint calls for nine design features of the new contract.
This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
Yet they also adopted more conservative investment assumptions, according to the National Conference on Public Employee Retirement Systems.
The state is trying a pension risk transfer option commonly used by corporate plan sponsors.