Retirement Income

We’re seeing greater emphasis on new ways to provide plan participants with retirement income options, driven primarily by policymakers at the Department of Labor and greater demand among plan sponsors. Here you’ll find coverage of news and developments in Washington, as well as new products and plan design changes like stream of payment options as alternatives to lump sum distributions.


Retirement Income

Retirement Income

By ASPPA Net Staff2/10/2015 • 0 Comments

The world’s pension assets grew 6% last year, and now amount to around 84% of global Gross Domestic Product, substantially higher than the 54% recorded in 2008.
READ MORE

By Nevin Adams2/3/2015 • 0 Comments

There is something of a feeling of déjà vu in President Obama’s budget proposal, certainly regarding workplace retirement plans. READ MORE

By ASPPA Net Staff2/2/2015 • 0 Comments

Deferral and savings rates in 401(k) plans improved at a stronger rate than expected in 2014, recent studies reveal.
READ MORE

By ASPPA Net Staff1/15/2015 • 0 Comments

Reports of hacks, identity theft and more highlight the importance of making sure information about plan participants and beneficiaries is secure.To help with fulfiling that part of a fiduciary’s duty, here are some questions to ask to make sure participants’ and beneficiaries’ data are kept safe. READ MORE

By Nevin Adams1/7/2015 • 0 Comments

Despite media attention surrounding the Millennial Generation’s relatively poor economic outcomes during the Great Recession, a new analysis by researchers at the Federal Reserve finds that they have fared better on many measures than both current older adults and earlier young adults. READ MORE

By Nevin Adams1/7/2015 • 0 Comments

It was not a good year for pension funding, according to two studies of 2014 data on pension plan funding levels. READ MORE

By John Iekel11/26/2014 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on Nov. 24 issued a final rule that provides guidance on treatment of benefits resulting from a rollover distribution from a DC plan to a DB plan, when the DB plan is terminated and trusteed by the PBGC. READ MORE

By Nevin Adams11/20/2014 • 0 Comments

The Government Accountability Office published its final report on Individual Retirement Accounts (IRAs), offering some recommendations for Congress and the IRS on so-called “mega” IRAs. READ MORE

By John Iekel11/17/2014 • 0 Comments

The Pension Benefit Guaranty Corporation on Nov. 17 released its 2014 annual report, which had good news and bad news for the agency that protects pension benefits for millions of Americans in private-sector pension plans.
READ MORE

By John Iekel10/24/2014 • 0 Comments

The Pension Benefit Guaranty Corporation (PBGC) on Oct. 24 announced the premium rates for 2015. Some rates increased sharply, while other increases were far more modest. READ MORE

By ASPPA Net Staff10/17/2014 • 0 Comments

They say when you have your health, you have just about everything, and a new study seems to bear that out — and that includes being financially ready for retirement. READ MORE

By John Iekel10/17/2014 • 0 Comments

The Highway and Transportation Funding Act of 2014 had consequences for annual financial and actuarial information reporting under Section 4010 of ERISA and part 4010 of the PBGC regulations. To better clarify how it applies, the PBGC on Oct. 17 issued Technical Update 14-2: Effect of HATFA on 4010 Reporting. READ MORE

By John Iekel10/17/2014 • 0 Comments

The number of single-employer defined benefit plans has dropped sharply over a nearly 40-year period, while multiemployer DB plans' decline has been far less dramatic. But Bureau of Labor Statistics Office of Compensation and Working Conditions economist William Wiatrowski shows in a study that it's too simplistic to explain this by noting that DB plans have long been declining as DC plans have grown. READ MORE

By Andrew Remo8/14/2014 • 0 Comments

The Joint Committee on Taxation (JCT), the congressional scorekeeper of tax legislation, on Aug. 5 issued its latest estimates of the increasing costs of the tax incentives for retirement savings. The numbers are eye-popping. 

READ MORE

By ASPPA Net Staff8/8/2014 • 0 Comments

The Wells Fargo/Gallup Investor and Retirement Optimism Index slipped eight points in the second quarter driven largely by a 17-point decline in optimism among retired investors. READ MORE

By John Iekel8/8/2014 • 0 Comments

During the last week of July, the Bipartisan Policy Center hosted a panel on retirement security — and shared some interesting perspectives on the state of America’s retirement readiness. Pension professionals should understand these perspectives, as they could well find their way into future retirement policy proposals.  READ MORE

By ASPPA Net Staff8/6/2014 • 0 Comments

Maryland Gov. Martin O’Malley (D) has named the members of a panel charged with finding “…ways to better secure retirement savings for private-sector employees in Maryland.” Established by executive order in May and chaired by former Lt. Gov. Kathleen Kennedy Townsend (D), the task force brings together representatives from key sectors across the state to find ways to better secure retirement savings for private-sector employees in Maryland.  READ MORE

By John Iekel7/28/2014 • 0 Comments

Plan participants take money out of their 401(k)s prematurely for different reasons — such as plan loans and hardship withdrawals. But the biggest driver of leakage, according to the Employee Benefit Research Institute (EBRI), is cashing out when changing jobs.  READ MORE

By John Iekel7/9/2014 • 0 Comments

The Department of Labor’s Employee Benefits Security Administration has announced that its ERISA Advisory Council will be examining issues and considerations related to facilitating lifetime retirement plan participation. In explaining its rationale for doing so, it cites the recent movement of participant assets out of defined contribution and defined benefit plans, and into retirement accounts not covered by ERISA — such as IRAs or other savings accounts — or as plan distributions.  READ MORE

By John Iekel7/2/2014 • 0 Comments

The Treasury Department issued a rule July 1 that essentially allows employees to convert part of their IRA or 401(k) balances into a longevity annuity. Under the rule, an IRA or 401(k) can allow participants to use $125,000 or up to 25 percent of their IRA or 401(k) — whichever is less — to buy a longevity annuity. The dollar limit will be adjusted for inflation in $10,000 increments.  READ MORE

«« First |1 2 3 4 5 6 7 ... 21 22 23 24 25 | Last ››