Public Pension Fund Members Largely Unaware of Underfunding
Public pension fund members surveyed expressed interest in more transparency about pension fund investments and investment returns.
Tag: defined benefit (DB) plans
Reducing PBGC Premiums by Splitting Up a DB Plan
The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs...
PBGC Expands Missing Participants Program
Beginning in January, terminating DC plans will have the option of transferring missing participants’ benefits to PBGC instead of establishing...
PBGC Amends Regulation on Allocation of Assets in Single-Employer Plans
A final rule provides a new table for determining expected retirement ages for participants in pension plans undergoing distress or...
IRS Issues Mortality Tables to Be Used for DB Plans in 2019
The updated mortality improvement rates and static tables apply for purposes of calculating the funding target and other items for...
More DB Plans Using LDI Strategies
Eighty-one percent of pension plan professionals say funded status volatility is their top motivating factor for pursuing an LDI strategy.
CIT’s Costs Attract Institutional Investors
A report from Cerulli Associates states the primary reason an institutional investor seeks out a CIT is the fact that...
Firms Agree Pension Funded Status Increased in November
Firms that track DB plan funding reported increases in the month ranging from 0.4% to 1.0%.
Court Decision in PBGC Suit Shows Sponsors Have Ultimate Fiduciary Liability
“IHI cannot delegate fully its statutory responsibilities under ERISA,” a federal judge says in her opinion.
Health Care Organizations Move From 403(b)s to 401(k)s
Facing several uncertainties in the health care industry, organizations are looking to revamp their retirement plans to attract talent.
DB Plan Sponsors Should Balance Four Levers to Improve Funding
No lever alone is enough to close the pension funding gap, according to a report from Cambridge Associates.
Democrats Unveil Bill to Create Rehabilitation Trust Fund
The fund would be used to make loans to multiemployer defined benefit (DB) plans that are in critical or declining...
2017 Year-End Deadlines and Tips for Retirement Plans
2017 happens to be a light year for required plan amendments for retirement plans.
PBGC Asks Permission to Keep Collecting Information on Plan Terminations
The request regards distress terminations and PBGC-initiated terminations of DB plans.
Willis Towers Watson Redefines Pension Plan Investing Strategy for 2018
The consultancy identifies 10 investment-related terms rendered outdated by change.
IRS Releases Covered Compensation Tables
The tables are to be used for determining contributions to DB plans and permitted disparity in DC plan contributions.
Reports of Pension Funded Status for October Are Mixed
Those tracking S&P plans estimate a slight decrease in or flat pension funding ratio, while other estimate a slight increase....
Church Pension Group Says Move to DC Plan Not for Benefit of Participants
The group says it has considered moving from a DB plan for clergy to a DC plan and concluded that...
Sears Allowed to Sell Real Estate to Fund Pension
According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the...
A Special Halloween Edition
“Do the Experts have any Treats for us this Halloween, or only Tricks?”