Nevin Adams

Pensions were not on my mind in 1974, certainly not on Labor Day of that year. While I was pondering my new college textbooks, President Gerald Ford, less than a month in that role, signed into law the Employee Retirement Income Security Act of 1974 — better known to most of us as ERISA. Little did... READ MORE

The U.S. Census Bureau has published its annual survey of public pensions. The 2013 Survey of Public Pensions: State-Administered Defined Benefit Data provides revenues, expenditures, financial assets, membership and liabilities information for DB public pension systems. Data are shown by state,... READ MORE

While every pension plan has its own unique set of circumstances, a new analysis by the BNY Mellon Investment Strategy and Solutions Group (ISSG), finds that financial services, energy and consumer staples have the best funded defined benefit plans. Financial services firms, which had an average... READ MORE

With the official report not due until September, a draft report released by the Oregon legislature's Task Force on Oregon Retirement Savings offers a blueprint of a proposed new mandatory auto-IRA program for the state. According to a report in the Oregon Statesman-Journal, the proposal calls for... READ MORE

The U.S. Department of Labor has published a request for information on the use of brokerage windows, self-directed brokerage accounts and “similar features” in 401(k)-type plans. “We promised employers and other plan sponsors and fiduciaries that we would look into the use of brokerage window... READ MORE

How can the fiduciaries of terminated DC plans fulfill their obligations under ERISA to locate missing participants and properly distribute the participants’ account balances?It’s a question the Department of Labor answered in a Field Assistance Bulletin released Aug. 14, while replacing prior... READ MORE