Conditions are ripe for employers to derisk their pension plan
Federal Express is the latest large company to purchase an annuity for its current retirees in an effort to keep the plan solvent.
Pension reform
Conditions are ripe for employers to derisk their pension plan
Federal Express is the latest large company to purchase an annuity for its current retirees in an effort to keep the plan solvent.
Society of Actuaries: 115 multiemployer pensions in ‘critical condition’
MEP insolvencies will not harm the participants of the plans in question but the U.S. economy in general.
What makes 401(k) loans risky?
The new tax law has extended the grace period for outstanding 401(k) loans made by workers who switch jobs, luring more participants to borrow from their accounts, exposing them to greater risk.
Senators include committee to fix multiemployer plans in budget deal
Pension funds for more than 1.5 million union workers is said to be on the brink of failure.
Illinois ponders pension-fund moonshot: a $107 billion bond sale
Lawmakers in Illinois are so desperate to shore up the state’s massively underfunded retirement system that they’re willing to entertain an eye-popping wager.
Benefits Think Retirement plan administrators need to look for missing participants
In order to avoid an audit, pension planners should conduct periodic audits for hard-to-find former employees.
Kenneth Ginder
Verrill Dana LLP