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So far CORPaTH has created 948 blog entries.
23 04, 2018

Defined benefit plans are showing new signs of life

2018-04-23T17:04:33+00:00

Plan sponsors who have written off the defined benefit plan as a relic of the past may want to reconsider. While the number of participants in DB plans has declined somewhat in recent years, the number of DB plans has been rising. Specifically, the number of single-employer DB plans with fewer than 100 participants rose for the third consecutive year in 2015, up 2% from 2012, according to recently published data from the Department of Labor’s Employee Benefits Security [...]

Defined benefit plans are showing new signs of life 2018-04-23T17:04:33+00:00
5 04, 2018

Despite slight decline, financial health of DB pension plans remains strong in 1st quarter

2018-04-05T08:47:55+00:00

Coming off decade-high levels at the end of 2017, the financial health of Canadian defined benefit pensions plans declined only slightly in the first quarter of 2018, and overall financial health remains very strong, according to the latest quarterly Median Solvency Ratio survey from Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions. "Despite a slight decline in median solvency this quarter, the fact remains that DB plans continue to have [...]

Despite slight decline, financial health of DB pension plans remains strong in 1st quarter 2018-04-05T08:47:55+00:00
30 03, 2018

DB Plans Holding Their Own, EBSA Finds

2018-03-30T14:35:23+00:00

It’s no secret that DC plans have long been advancing at the expense of defined benefit plans. And while a recent report from the Department of Labor’s Employee Benefits Security Administration (EBSA) confirms that overall trend, it also shows surprising vitality among DB plans. The EBSA’s findings are based on an analysis of Form 5500s filed for the 2015 plan year. They are contained in the agency’s recently released Private Pension Plan Bulletin. The EBSA attributes the long-term shift [...]

DB Plans Holding Their Own, EBSA Finds 2018-03-30T14:35:23+00:00
29 03, 2018

Union Says University Pension Cut Violates Pension Benefits Act

2018-03-29T09:34:09+00:00

Striking workers at a Canadian university have complained to a government agency that a 15-year-old provision in their pension plan, allowing their employer to reduce their pension benefits, is invalid. Lawyers for the Canadian Union of Public Employees (CUPE) Local 2424, which represents striking workers at Carleton University, filed a complaint with the Financial Services Commission of Ontario (FSCO), saying that a 2003 pension plan amendment violated Ontario’s Pension Benefits Act. […]

Union Says University Pension Cut Violates Pension Benefits Act 2018-03-29T09:34:09+00:00
29 03, 2018

Strong Market Bolsters Not-For-Profit Pensions

2018-03-29T09:31:28+00:00

S&P forecasts lower near-term statutory minimum requirements for defined benefit plans, which could help financial profiles for not-for-profit healthcare providers. The nation’s not-for-profit healthcare sector has benefited from a boost in the funded status of its pension plans in fiscal 2017 due primarily to robust investment market returns, according to a report this week from S&P Global Ratings. This boost is occurring, S&P said, despite lower assumed discount rates in recent years, which provide a more conservative liability measure. [...]

Strong Market Bolsters Not-For-Profit Pensions 2018-03-29T09:31:28+00:00
29 03, 2018

Americans Haven’t Saved Enough for Retirement. What Are We Going to Do About It?

2018-03-29T09:25:42+00:00

Each year, BlackRock, the world’s largest asset manager, sends a much-anticipated letter to leading CEOs. This year, chief executive Larry Fink’s focus was on why it is imperative for business to contribute to society. One of the first big issues he highlighted was retirement: “Many [individuals across the world] don’t have the financial capacity, the resources, or the tools to save effectively; those who are invested are too often over-allocated to cash. For millions, the prospect of a secure [...]

Americans Haven’t Saved Enough for Retirement. What Are We Going to Do About It? 2018-03-29T09:25:42+00:00
28 03, 2018

What it’s like to be 77 and homeless for the first time

2018-03-28T08:59:59+00:00

Elena Mays was excited Thanksgiving Day to get out of the homeless shelter. “That was my move out date,” she explained. But for bureaucratic reasons unknown the day came and went in the shelter she remained. The Languille Emergency Shelter offers a variety of services to women in needTAYLOR ORCI/KPCC […]

What it’s like to be 77 and homeless for the first time 2018-03-28T08:59:59+00:00
27 03, 2018

Financial ‘fragility’ could threaten more retirees in coming years

2018-03-27T17:18:42+00:00

We haven’t been hearing much lately about retirees facing severe financial hardships. Personal investment portfolios have rebounded with the stock market, home prices are up, pension plans are somewhat better-funded than a few years ago, tax reform didn’t cut Social Security, and active retirees often can pick up part-time jobs if they want, amid a strong economy. But the future doesn’t look as promising, with several forces likely to increase the financial “fragility” of people planning to retire years down the road, especially younger Baby [...]

Financial ‘fragility’ could threaten more retirees in coming years 2018-03-27T17:18:42+00:00
27 03, 2018

Union says Tops plans to cut payments to employee pension plan

2018-03-27T09:31:38+00:00

Tops Markets plans to ask a bankruptcy court judge to allow it to reduce its contributions by nearly two-thirds to the already underfunded pension plan that covers most of its employees, according to officials from the largest union representing workers at the supermarket chain. Tops has not yet asked the U.S. Bankruptcy Court to reduce the payments, but officials from Local One of the United Food and Commercial Workers said they have been told by attorneys representing the supermarket [...]

Union says Tops plans to cut payments to employee pension plan 2018-03-27T09:31:38+00:00
16 03, 2018

A Case Against Cuts to Public Pensions

2018-03-16T10:15:08+00:00

Dave Low is the chairman of Californians for Retirement Security, a coalition of public employee unions that was founded about 15 years ago to defend workers against calls for pension cuts. Today, with retirement costs ballooning, the pressure is sure to rise. While the California Legislature and leading candidates for governor have carefully avoided any substantive discussion on pensions, cities are struggling. Rising retiree costs have forced many cities and school districts to divert more of today’s budgets to [...]

A Case Against Cuts to Public Pensions 2018-03-16T10:15:08+00:00
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