A Little Friday File Fun

And now it's time for FRIDAY FILES!

In Holmdel, New Jersey, Holmdel High School staff and athletic coaches had alerted a school resource officer “that they were finding human feces” at or near the track and football field “on a daily basis,” according to the Asbury Park Press, and an investigation was launched. School staffers monitored the field until they identified the superintendent of the Kenilworth School District as the culprit. One community member told Patch New Jersey there had been at least eight poop detections in the past few months.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

In Rittman, Ohio, a couple was startled to find a stranger who had helped himself to leftover Easter candy and then fell asleep on the couch of their apartment. Rittman police say a 36-year-old man climbed through an unlocked window, got his a sugar fix and fell asleep overnight in the couple’s living room. A male resident of the home called 911 around 6 a.m. the next morning to report that “some random guy” wouldn’t wake up. He can be heard yelling at the man to “get out of here.” The man did leave and was arrested nearby.

Near Slupca, Poland, a tractor-trailer overturned on a highway, spilling tons of liquid chocolate that solidified into a huge sticky mess. The private broadcaster TVN24 showed images of an overturned truck surrounded by brown chocolate covering six lanes on the A2 motorway, blocking traffic in both directions. Rescue officials said the liquid chocolate was solidifying as it cooled and would require large amounts of hot water to clear away. A senior brigadier with the fire brigade of Slupca said, “The cooling chocolate is worse than snow.”
Most patient cat ever.

If you can't view the below video, try https://youtu.be/GC6ULqcPXBk.
Baby boy wants to be just like his dad.

If you can't view the below video, try https://youtu.be/dVFKVCQPIjo.
Trampolines can be fun but can also be dangerous.

If you can't view the below video, try https://youtu.be/OkIBoy0mMJg.
Reported by
Reprints
To place your order, please e-mail Reprints.

OneAmerica Offers Retirement Plan With Lifetime Income Option

OnePension is a profit-sharing plan that allows participants to annuitize their account balances when they retire.

OneAmerica unveiled a type of profit-sharing retirement plan design that leverages its company legacy by allowing participants to annuitize their account balances when they retire, providing them with the option of guaranteed income for life.

Known as OnePension, this plan design helps satisfy the industry demand for guaranteed lifetime income. It also removes the administrative hassles, costs, and inflexibility associated with a traditional defined benefit (DB) plan.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

“In their heyday, DB plans were how businesses and organizations addressed the desire to provide guaranteed lifetime income to the workforce,” says Pete Welsh, vice president and managing principal, OneAmerica Retirement Services. “We’ve figured out a way to refresh a time-tested concept to fit the defined contribution (DC)-centric world in which we live, while at the same time providing maximum flexibility for the employer and the adviser.”

OnePension is different than an in-plan guaranteed lifetime income fund—which OneAmerica says is laden with uncertainty and additional fiduciary risk—and different than a variable annuity. OnePension is a qualified plan, so it allows retirement plan sponsors to invest on behalf of participants.

“OnePension is a good fit at the workplace for plan sponsors wanting to provide participants an annuity (guaranteed lifetime income) to ensure that employees, once their working career is finished, have retirement income,” says Welsh.

Welsh recommends that any interested retirement plan sponsor contact its OneAmerica representative to learn more about how it and its employees can have guaranteed income for life.

«

 

You’re viewing the first of three free articles.

 Subscribe to a free PW Newsletter! 

…subscribing gets you free access to PW’s online content!

If you’re a subscriber, please login.

Close