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So far CORPaTH has created 1003 blog entries.
10 04, 2019

Employees think they’re on track for retirement. Here’s where they’re wrong

2019-04-10T09:57:04-07:00April 10th, 2019|Categories: Retirement|Tags: |

Most Americans believe they’re on track for a comfortable retirement, according to a study from Natixis Investment Managers out Thursday. They feel they’re saving enough to enjoy the life they envision in their golden years. For the most part, however, they’re wrong, says Ed Farrington, executive vice president of U.S. distribution at the asset manager. In truth, not only are most workers not saving enough, but the amount they’ve salted away becomes more worrying as they age. That’s not [...]

1 04, 2019

The Federal Government Gave Up on Retirement Security

2019-04-01T13:25:49-07:00April 1st, 2019|Categories: Defined Benefit Plans|Tags: |

Recently, the U.S. Treasury said that it is perfectly okay for companies to swindle employees out of their pension by offering one-time payments worth less than the pension that those employees are giving up. The Department of Labor, nominally responsible for protecting workers in retirement plans, said nothing. This isn’t the first time the government stood by as American businesses shifted risks onto their employees and retirees. Treasury and Labor, whose decisions shape the retirements of millions of people, [...]

1 04, 2019

Bipartisan retirement security package introduced in House

2019-04-01T13:23:20-07:00April 1st, 2019|Categories: Defined Benefit Plans|Tags: |

A bipartisan group of legislators Friday introduced a bill that features core provisions of the Retirement Enhancement Savings Act and adds other measures that aim to bolster retirement security. The Setting Every Community up for Retirement Enhancement Act of 2019, referred to as the SECURE Act, includes provisions that would make it easier for smaller employers to join open multiple-employer plans, ease non-discrimination rules for frozen defined benefit plans and add a safe harbor for selecting lifetime income providers in [...]

29 03, 2019

Employees Want Congress and Employers to Help Them With Retirement Readiness

2019-03-29T16:03:27-07:00March 29th, 2019|Categories: Retirement|Tags: |

The Prudential American Workers Survey found that 70% of American workers have felt stressed over their financial security in the past year, and 65% expect they will continue to feel financially stressed over the next five years. Sixty-eight percent are concerned that they will not have enough saved to live comfortably in retirement, and 82% of working parents are worried about their children's financial security as they grow up. Workers at companies of varying sizes were asked whether their [...]

27 03, 2019

29% Of U.S. Workers Have No Pension Or Retirement Savings Plan

2019-03-27T15:38:16-07:00March 27th, 2019|Categories: Retirement|Tags: |

Twenty-nine percent of U.S workers between 55 and 64 years old have no retirement savings or pension plan, according to a report by the U.S Government Accountabilty Office. The report also found that 48 percent of pre-retirees have no IRA or 401(k) savings plans, while 20 percent have only a defined-benefit pension plan. The report represented a slight improvement in U.S. workers' retirement readiness from a similar study done in 2015, when 52 percent were reported to have had [...]

27 03, 2019

Gen Z Anticipates Retiring at 56, Are You Offering Them Retirement Benefits?

2019-03-27T15:33:35-07:00March 27th, 2019|Categories: Retirement|Tags: |

Yes, you read that headline correctly, the youngest generation in the workforce is already planning on leaving it once they hit the 34-year mark. And to think, we were just worrying about attracting them into the workplace! By some estimates, the oldest Gen Zer was born in 1997, which means if all goes according to their plans, they’ll start leaving the workforce around 2053. As an older Millennial, I’m only slightly bitter about this—thanks, student loan debt—but good for [...]

27 03, 2019

More Employees Expect to Postpone Retirement Due to Financial Stress

2019-03-27T09:45:00-07:00March 27th, 2019|Categories: Retirement|Tags: |

While today’s employees feel confident in their finances, the reality of their situations is not aligned with this confidence, a new report shows. According to MetLife’s 17th annual U.S. Employee Benefit Trends Study, nearly two out of three people say they are confident in their finances, but half say they are living paycheck to paycheck, many have tapped their retirement savings, and an increasingly large group says they will have to delay their retirement because of their finances. In fact, the level of [...]

12 03, 2019

The Chicago Symphony Goes on Strike Over Pension Plan

2019-03-12T09:55:09-07:00March 12th, 2019|Categories: Defined Benefit Plans|Tags: |

A new round of labor upheaval hit the classical music world on Sunday night, when the musicians of the Chicago Symphony Orchestra, one of the finest ensembles in the nation, went on strike in an effort to preserve their defined-benefit pension plan. The players — who are among the best-paid in the field, earning a minimum annual salary of $159,000 last season, and often more — began walking a picket line outside Orchestra Hall on Monday morning. In recent [...]

28 02, 2019

The Next Recession Will Show The Stark Reality Of The Retirement Crisis

2019-02-28T16:14:55-07:00February 28th, 2019|Categories: Retirement|Tags: , |

The country faces a growing retirement crisis. An ever larger share of the fastest growing part of the population will struggle to make ends meet in retirement. Estimates show that many have not saved enough to offset declining Social Security benefits and rising costs due to greater longevity and health care inflation, just for starters. As a result, we should see retirees increasingly face financial struggles. This hasn't happened yet because a number of favorable trends in recent years [...]

20 02, 2019

Foundations in RI

2019-02-20T09:40:34-07:00February 20th, 2019|Categories: Socially Responsible Investment|Tags: |

Foundations in Responsible Investment is recognised as the international “gold standard for ESG training”. It was developed as the PRI Academy’s foundational course, focusing on the identification and implementation of ESG factors into investment decision making. The course, which takes 12 - 14 hours to complete, explores the key principles of responsible investment, uses real-life case studies to illustrate the materiality of ESG issues in business, introduces strategies for identifying and managing new approaches to ESG risk, and identifies [...]

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