Guaranteed Income

The assets of the nation’s largest retirement funds slid 2.3%, as pension de-risking moves took their toll on corporate DB plan assets.Among the 200 largest plans, DC plan assets crept 1.5% higher to close at $1.81 trillion, while DB plans shed 3.6% to $4.58 trillion. Pensions & Investments... READ MORE

The IRS has issued a proposed rule on the determination of whether the normal retirement age under a governmental pension plan under Internal Revenue Code Section 414(d) satisfies the requirements of Code Section 401(a) and whether the payment of definitely determinable benefits that begin at the... READ MORE

The Garden State will have a new state-run retirement plan for private sector workers — though not the one that might have been expected.The state Assembly voted after 1:00 a.m. Tuesday, Jan. 12 to cooperate with Gov. Chris Christie’s (R) conditional veto of a bill creating a state-run retirement... READ MORE

The IRS has issued an updated version of Publication 575, “Pension and Annuity Income,” for use in preparing 2015 returns. It made changes to the exception to the tax on early distributions from a governmental plan for qualified public safety employees and to the rules regarding rollovers to SIMPLE... READ MORE

It is common knowledge that many people can do more to save for their retirement. And much has been written and said concerning paying off the heavy load of student loan debt many people carry. These may seem to be mutually exclusive goals and functions, but Beth Braverman argues in Forbes that... READ MORE

The Obama Administration recently unveiled its myRA program, a federal effort to encourage retirement savings and provide an easy, low-impact way for those who do not participate in a retirement plan to set something aside. But it’s not the first time the administration has embarked on such an... READ MORE

“In my 40 years of doing this, I never thought I’d see the day we’d have a president giving us direct instructions …” [on state-run, automatic enrollment IRA programs], Assistant Secretary of Labor Phyllis Borzi told the ERISA Advisory Council Nov. 3-4.At the hearing, Borzi noted that about 68... READ MORE

Life expectancy is about two decades longer now than it was 80 years ago. Not only that, the huge number of people who will be retiring in the next 20 years only heightens the consequences of increased longevity. Add to that major changes in the way retirees’ financial needs are met. Put together,... READ MORE

A report by the Congressional Research Service (CRS) says that although most multiemployer defined benefit plans have resources sufficient to pay promised benefits, a few large plans are expected to become insolvent in the next 20 years.The report, “Multiemployer Defined Benefit (DB) Pension Plans... READ MORE