Retirement Concerns Plague Nonprofit Employees
About 45% of all employees in the nonprofit sector are not confident with their ability to prepare financially for retirement, a survey shows.
Tag: Defined benefit
Pension Lump Sums Must Account for COLAs
Calculations of lump sum pension benefits consider cost of living adjustments (COLA) participants would have received if they had taken an annuity at retirement.
IRS to Hold Forum About 2012 Cumulative List
The Internal Revenue Service (IRS) will hold a free phone forum regarding the 2012 Cumulative List of Plan Qualification Changes.
Pentegra Launches Q&A Tool
Pentegra Retirement Services introduced a Web tool featuring Q&A’s with Pentegra specialists.
Pension Funding Levels Slightly Declined in ’12
Corporate pension plan funding levels took a modest dip in 2012, keeping most plans considerably underfunded.
DBs Have Higher Participation Cost
Defined contribution (DC) plans cost more than defined benefit (DB) plans per employee hour worked, but DB plans cost more than DC plans per participant.
Judge Approves AMR Collective Bargaining Agreement
A judge approved a collective bargaining agreement between an airline and a pilots association.
Pension Fund Sues NYSE Euronext
A pension fund is leading a class-action lawsuit against NYSE Euronext.
Interest in Annuities Is Growing
Interest in annuities is growing as consumers demand guaranteed lifetime income in the face of challenging economic conditions, according to a report.
DB Sponsors Planning Fewer Changes
A Vanguard study finds defined benefit (DB) plan sponsors are planning fewer design and investment changes than two years ago.
IRS Issues 2012 Cumulative List
The Internal Revenue Service (IRS) has issued the 2012 Cumulative List of Changes in Plan Qualification Requirements.
BofA Enhances Mobile Site for Participants
Bank of America Merrill Lynch enhanced its Benefits Online site for participants with a new education center, home page redesign and mobile upgrades.
Milliman Debuts Retirement Planning Tools
Milliman Inc. has rolled out PlanAhead, tools and targeted services for employee retirement planning.
Verizon, Prudential Complete Partial Pension Buyout
Verizon and The Prudential Insurance Company of America have completed a challenged pension risk transfer transaction.
Pension Funding Equation Is Not So Simple
On a basic level, defined benefit (DB) pension plan funded status is the ratio of assets to liabilities.
Boomers with Pensions Still Face Uncertainty
While Baby Boomers participating in pension plans may feel more flexibility around their expected retirement date, nearly half still expect to retire with debt.
Institutional Investors Rethink Asset Allocation
The continued volatility of global financial markets has identified weaknesses in investment portfolios, causing institutional investors to reconsider asset-allocation strategies.