Bolstered by the highest fixed annuity sales since the second quarter of 2009, industrywide annuity sales reached $57.5 billion during the third quarter of 2013, according to data from Morningstar, Inc. and Beacon Research.
The Pension Benefit Guaranty Corporation is routinely appointed as trustee in defined benefit plan terminations, but some question whether the PBGC is always the best option.
Says snapshot perspective, historically low interest rates skew picture of employer-based pension system.
In a new survey of defined benefit retirement plan sponsors, 30% still have their pensions open to new hires, and 70% of those employers think they shall still be offering the plan to all employees five years from now, according a survey released Tuesday.
Corporate CFOs, investors, and participants cheer a remarkable $392 billion improvement in funded status over the last 12 months.
While much attention has been focused on the federal government shutdown and its effect on Affordable Care Act regulations, employers are still awaiting guidance on another key piece of legislation affecting benefits plans, the Defense of Marriage Act.
Pension funded status improves by $32 billion during September.
The inflection point in a decision over whether to terminate pensions appears to be on the horizon.
3 reasons why employers and employees will avert the crisis
Recently John Bogle, founder of the Vanguard mutual fund group, said that future retirees face a looming disaster because Social Security is going broke, DB plans are underfunded and participants aren't contributing enough to their 401(k)s. Here's why he's wrong.
While employers may welcome the federal guidance, there may still be state tax issues that complicate the administration of same-sex benefits.
Larger allocations for U.S. and international stocks gave public pensions better returns than corporate retirement plans, which hold more bonds.
On Wednesday, we looked at the fallout surrounding Detroits unfunded pensions. Today we examine how other cities New York, Chicago and Phoenix among them are dealing with their own pensions.
To pass nondiscrimination testing, employers may want to consider safe-harbor plans.
At least 29 public plans in 16 states are less than two-thirds funded, according to Boston Colleges Center for Retirement Research.