Defined Benefit Plans – CORPaTH

What’s Old is New Again: The Potential Benefits of Reopening Your Defined Benefit Plan

By Jonathan Perry Source: Georgetown University Once a key employee benefit, corporate defined benefit (DB) plans have been on the decline over the past several decades. The U.S. has seen a dramatic transition from DB to defined contribution (DC) plans. Over this time, active DB participation has declined from 26 million to 12 million, while active DC membership has grown from 36 million to 85 million. Today, only 15% of private sector workers have access to a DB plan [...]

CORPaTH2026-05-19T12:23:45-07:00May 19th, 2026|Categories: Defined Benefit Plans|Tags: DB Plans|

A strong Alaska requires a strong public workforce aided by a defined benefits plan

By Bronson Fyre Source: Anchorage Daily News Alaska has always depended on people who are willing to commit their lives to this place — to raise families here, build communities here and serve the public good. But today, too many of the institutions that make Alaska work are struggling to hold onto the people who keep them running. Our schools are losing teachers faster than they can replace them. Police and fire departments are struggling to fill positions. Across [...]

CORPaTH2026-03-18T08:58:11-07:00March 14th, 2026|Categories: Defined Benefit Plans, Economy|Tags: alaska, DB Plans|

Nuveen-Schroders deal a sign of broader industry consolidation. But pension funds question if bigger is always better.

By Jesse Pound Source: Pensions & Investments The planned merger between Nuveen and Schroders will create a $2.5 trillion asset manager and could spur re-evaluations of mandates among institutional investors and their consultants, weighing potential benefits of scale against the risk of disrupted relationships and changing strategies. Read the full article

CORPaTH2026-03-04T16:40:36-08:00February 23rd, 2026|Categories: Defined Benefit Plans|Tags: Nuveen, schroders|

We built the pipeline. We can build stability.

Source: ADN.com A recent Anchorage Daily News editorial argues that House Bill 78 is “a pension promise we can’t afford.” That conclusion rests on a misunderstanding of how this bill is structured — and what Alaska is already paying because of the system we have now. Alaska runs on people who stay. Engineers who understand permafrost. Fisheries managers who know the runs. Troopers who know their communities. Teachers who build careers in the same district. Institutional knowledge is operational [...]

CORPaTH2026-03-04T16:31:35-08:00February 17th, 2026|Categories: Defined Benefit Plans|Tags: alaska|

Why Public Pensions Are a Civil Rights Issue

By Ariel McConnell Source: National Public Pension Coalition Black History Month is a time to reflect not only on the struggle for voting rights, desegregation, and political representation, but also on the enduring fight for economic dignity and security. One often overlooked part of that history—and that struggle—is retirement security. Public pensions are frequently discussed in fiscal or actuarial terms. Yet when viewed through a historical and racial equity lens, they also represent a civil rights issue, rooted in [...]

CORPaTH2026-02-04T15:14:00-08:00February 4th, 2026|Categories: Defined Benefit Plans|Tags: public pensions|

Are defined benefit plans back? Half of CFOs are now using them

By Adam Zaki Source: CFO.com After years of closing, freezing or offloading defined benefit pension plans, a growing number of finance leaders are rethinking their strategy, according to Mercer’s 2025 CFO survey. Data shows half of plan sponsors now say they intend to keep their DB plans for the long term, a sharp reversal from just two years ago, when just 36% of finance leaders said DB plans were sticking around. Phenomena like higher funded status, new plan design [...]

CORPaTH2026-01-15T12:38:19-08:00January 15th, 2026|Categories: Defined Benefit Plans|

Blue-State Pensions Are Subsidizing the Billionaire Takeover: This Must Stop!

Source: NonProfitQuarterly.org Across the United States, the federal government—and the corporations backing it—are tearing communities and families apart, with ICE officers kidnapping parents, siblings, neighbors, and friends. Workers’ retirement funds, one of the largest pools of capital in the world…[are] invested with some of the worst actors engineering the current takeover. For advocates of multiracial democracy to prevail, movements need to draw on every available tool. From the May Day Strong campaign to the No Kings alliance, groups are [...]

CORPaTH2026-01-15T12:40:45-08:00January 13th, 2026|Categories: Defined Benefit Plans|

Median solvency ratio of Canadian DB pension plans reaches 132% in 2025

Source: Benefits Canada The median solvency ratio among Canadian defined benefit pension plans was 132 per cent as of Dec. 31, 2025, an increase of seven per cent during the year, including three per cent in the final quarter, according to a new report by Mercer Canada. The report, which analyzed more than 470 plan sponsors, found Canadian DB pension plans generally experienced strong returns on equities and modest returns on fixed income. Interest rates increased, which resulted in [...]

CORPaTH2026-01-13T08:41:30-08:00January 13th, 2026|Categories: Defined Benefit Plans|Tags: solvency ratio|

Are defined benefit plans back? Half of CFOs are now using them

By Adam Zaki Source: CFO.com After years of closing, freezing or offloading defined benefit pension plans, a growing number of finance leaders are rethinking their strategy, according to Mercer’s 2025 CFO survey. Data shows half of plan sponsors now say they intend to keep their DB plans for the long term, a sharp reversal from just two years ago, when just 36% of finance leaders said DB plans were sticking around. Phenomena like higher funded status, new plan design [...]

CORPaTH2026-01-12T11:22:28-08:00January 12th, 2026|Categories: Defined Benefit Plans|

Groundbreaking Nationwide Pension Plan for JBS Meat and Poultry Workers to be Honored at CORPaTH Crystal Globe Awards and Summit

Randi Weingarten, president of 1.8-million-member American Federation of Teachers, among scheduled honorees during December 17 event in Las Vegas A groundbreaking nationwide pension plan for meat and poultry workers will be recognized during CORPaTH’s Crystal Globe Awards and Summit, Dec. 17, 2025, at Caesars Palace Las Vegas. The plan, built from scratch to benefit tens of thousands of employees of JBS Foods USA heralds a revival of defined-benefit pensions and the peace of mind they provide for Americans who [...]

CORPaTH2025-12-03T09:23:25-08:00December 14th, 2025|Categories: Defined Benefit Plans|Tags: DB Plans, jbs, ufcw|

The Pain and Possibility of Pensions

By J. Patrick Patterson Source: In These Times If pensions make your eyes glaze over, that’s by design. The less attention they get, the more quietly Wall Street can profit from them. But these massive funds quietly shape the economy we all live in. As of September, the largest public pension fund in the country — the California Public Employees’ Retirement System, or CalPERS — manages approximately $575 billion. In New York City, five pension funds and systems — representing more than 750,000 current and retired [...]

CORPaTH2025-10-15T10:11:31-07:00October 14th, 2025|Categories: Defined Benefit Plans|Tags: CalPERS, economy|

Funding gap in DB plans closes in after years of pension deficits

By Freshia Gonzales Source: Benefits and Pensions Monitor A decade and a half after the global financial crisis (GFC), defined benefit (DB) schemes across the G7 are recording funding surpluses, marking a reversal from persistent deficits that weighed on plan sponsors and regulators. The change is driven by the sharp rise in interest rates and bond yields since 2022, which increased discount rates and lowered the present value of liabilities. Even as credit spreads sit near 10-year lows, absolute [...]

CORPaTH2025-08-18T09:54:15-07:00August 18th, 2025|Categories: Defined Benefit Plans|Tags: pension funding|

Public Plans Are a Huge Revenue Source. So Why Are They Still Under the Axe?

By James Comtois Source: Institutional Investor State and local lawmakers have been looking to make cuts to public pension plans to reduce costs. But new research shows that these potential short-term savings could come at a steep long-term cost. The National Conference on Public Employee Retirement Systems (NCPERS) has found that defined benefit pension plans generate far more in state and local tax revenue than they cost taxpayers. In 2023 alone, pensions generated nearly $662 billion in tax revenues [...]

CORPaTH2025-07-16T11:17:15-07:00July 15th, 2025|Categories: Defined Benefit Plans|Tags: DB Plans, economy, revenue|

Are defined benefit plans back? Half of CFOs are now using them

By Adam Zaki Source: CFO.com After years of closing, freezing or offloading defined benefit pension plans, a growing number of finance leaders are rethinking their strategy, according to Mercer’s 2025 CFO survey. Data shows half of plan sponsors now say they intend to keep their DB plans for the long term, a sharp reversal from just two years ago, when just 36% of finance leaders said DB plans were sticking around. Phenomena like higher funded status, new plan design [...]

CORPaTH2025-06-13T08:09:11-07:00June 12th, 2025|Categories: Defined Benefit Plans|Tags: CFO, DB Plans|

Worthington pork plant union inks ‘historic’ national contract with meatpacker JBS

Source: Minnesota Star Tribune Workers at the JBS pork plant in Worthington, Minn., bargained for access to pensions, raises and increased safety protections as part of a national contract the union reached with the world’s largest meat producer this week. The deal, which covers 26,000 workers at 14 plants belonging to the U.S. subsidiary of Brazil-based JBS, creates the first pension a meatpacking employer has offered since 1986. “A new standard has just been set in meatpacking,” said Mark [...]

CORPaTH2025-05-27T16:19:41-07:00May 27th, 2025|Categories: Defined Benefit Plans|Tags: jbs, minnesota|

A Major Step Forward: Alaska’s House Passes HB 78

By Ariel McConnell Source: National Public Pension Coalition After nearly two decades without a defined benefit pension system for public employees, Alaska is one step closer to reversing course. On May 12, 2025, the Alaska House of Representatives passed House Bill 78 —a historic move toward restoring secure retirement benefits for public servants across the state. The final vote was 21-19. The bill has now been transmitted to the Senate. This victory follows months of growing momentum, public support, [...]

CORPaTH2025-05-14T09:56:07-07:00May 14th, 2025|Categories: Defined Benefit Plans|Tags: alaska, DB Plans|

Pensions making a comeback? Unions push for defined benefit plans in strikes

By Kristen Beckman Source: Benefits Pro Unions have asked for a restoration of defined benefit (DB) retirement plans in recent strike negotiations, signaling a renewed appetite for pensions rather than defined-contribution plans that have dominated the employer-sponsored retirement landscape for several decades. Boeing's pension, which the company froze in 2014 in favor of a 410(k) retirement plan, was central to negotiations in last year’s machinists strike, according to an analysis by the Federal Reserve Bank of St. Louis. The [...]

CORPaTH2025-03-26T12:01:28-07:00March 25th, 2025|Categories: Defined Benefit Plans|Tags: db pensions, strikes, unions|

9 Jobs That Still Offer Traditional Pensions

By Maryalene LaPonsie Source: US News & World Report For decades, workers could count on their employers to continue sending them checks even after they retired. A traditional pension – also known as a defined benefit plan – was the norm in many workplaces, but rising costs have made them a relative rarity nowadays. “The risk just became too much, I think, for employers to hold that on their balance sheet,” says Murtaza Rawat, pension actuary and risk mitigation [...]

CORPaTH2025-03-26T11:58:50-07:00March 19th, 2025|Categories: Defined Benefit Plans|Tags: db pensions|

UK: Investors call for reform of defined benefit pension plans

Source: Agenzia Nova Investors are calling on the UK government to reform the £1.200 trillion so-called defined benefit pension schemes to free up billions for infrastructure and real estate, the Financial Times reported. “The schemes need to be a priority: they have the potential to make money available more quickly than other sectors,” said Insight Investment’s head of solutions engineering, Jos Vermeulen. Second Owen McCrossan, head of investment for abrdn's pension funds, a 5 per cent allocation of assets [...]

CORPaTH2025-01-21T11:39:47-08:00December 24th, 2024|Categories: Defined Benefit Plans|Tags: DB Plans, Pension Reform, UK government|

What’s a Defined Benefit Plan? Pros, Cons and How It Compares

Source: Go Banking Rates Defined benefit plans, also known as pensions, have steadily decreased since the 1970s. The most recent data from the Bureau of Labor and Statistics show that less than 10% of private sector employees have access to a defined benefit plan. Since it’s not common option, it’s only natural to ask, “What is a defined benefit plan?” What Are the Features of a Defined Benefit Plan? A defined benefit plan guarantees retirement benefits for an employee. [...]

CORPaTH2024-11-04T09:16:01-08:00November 1st, 2024|Categories: Defined Benefit Plans|

STRIKING BOEING WORKERS MAY HAVE LEVERAGE, SAYS PENSION EXPERT TERESA GHILARDUCCI

By Rob Kozlowski Source: Pensions & Investments Machinist workers striking against Boeing Co., may have the leverage to potentially set a precedent in their demands for the company to restore its defined benefit plan, says Teresa Ghilarducci. Ghilarducci, professor of economics at The New School for Social Research and the director of the Schwartz Center for Economic Policy Analysis and The New School’s Retirement Equity Lab, is a longtime advocate for retirement security. She said that companies like Boeing, [...]

CORPaTH2024-10-29T16:18:02-07:00October 29th, 2024|Categories: Defined Benefit Plans|Tags: boeing strike, machinists union, Teresa Ghilarducci|

Study: Decline in DB Plans Widens Income Inequality Gap

By Michael Katz Source: Chief Investment Officer NCPERS research found that increasing income inequality ‘degrades national economic growth.’ Research done by the National Conference on Public Employee Retirement Systems found that public policies aimed at cutting public costs by reducing pension benefits or switching to defined contribution plans may actually increase the need for public spending due to “the dynamic interrelationship between pension reforms, income inequality, the economy, and market return.” The continuing decline of the number of defined [...]

joey2024-08-21T12:03:54-07:00August 20th, 2024|Categories: Defined Benefit Plans, Pension Funding, Pension Reform, Retirement|Tags: defined benefit pension plans, income inequality, ncpers|

Pensions Aren’t Dead Yet: 15 Jobs Still Paying Pensions

By Riley Adams Source: WealthUp Pensions are assuredly down, but they’re not out for the count … yet. On the whole, Americans’ prospects for retirement are cloudy at best. While Social Security is not actually going “broke,” we are facing the prospect of lower monthly benefits within a decade. More than half of U.S. adults don’t think they’ve saved enough for retirement. And one of would-be retirees’ most powerful tools—the almighty pension—continues to fade into obscurity. What once was [...]

CORPaTH2024-07-24T13:06:49-07:00July 24th, 2024|Categories: Defined Benefit Plans|

Retirement 101: Defined benefit vs. defined contribution plans

By Miranda Marquit Source: Britannica Money When researching retirement account choices, you might come across the terms defined benefit plan and defined contribution plan. What’s the difference between the two, and do you get to pick and choose? (Typically, no.) How might your structure—defined benefit versus defined contribution—impact your retirement savings strategy? Read the full article

CORPaTH2024-07-19T13:55:45-07:00July 19th, 2024|Categories: Defined Benefit Plans|Tags: DB Plans, DC Plans|

IBM’s move sparks hope for defined benefit bounce back

By Douglas Appell Source: Pensions & Investments Outsourced CIOs reporting a growing number of pension risk transfers by defined benefit clients they’ve guided to full funding could be forgiven for looking at the DB portion of their businesses as a wasting asset. Instead, a number of executives see a chance that the ripple effects of IBM’s decision last November to put its multibillion-dollar pension plan surplus to work — reopening its DB plan while ending the company’s 401(k) match [...]

CORPaTH2024-07-22T15:14:34-07:00July 11th, 2024|Categories: Defined Benefit Plans|Tags: IBM|

Policy Ideas for Boosting Defined Benefit Pensions In The Private Sector

Source: National Institute on Retirement Security In response to a request for information issued by the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee, the National Institute on Retirement Security has submitted a research issue brief with policy ideas to help expand defined benefit (DB) pension coverage for private-sector employees. The research brief, Policy Ideas for Boosting Defined Benefit Pensions In The Private Sector, details six options for Congress to consider to help expand pension coverage in a [...]

CORPaTH2024-07-11T13:02:27-07:00July 11th, 2024|Categories: Defined Benefit Plans|Tags: private sector|

The Role of Defined Benefit Pensions in Recruiting and Retaining Public Safety Professionals

Source: National Institute on Retirement Security As state and local governments across the nation continue to struggle filling public safety positions, this research explores how defined benefit pension plans are a critical workforce management tool for public safety employers. The Role of Defined Benefit Pensions in Recruiting and Retaining Public Safety Professionals examines data from a nationally representative sample of 28 police and fire pension plans, as well as national datasets. The analysis finds that a majority of these [...]

CORPaTH2024-07-11T09:59:49-07:00July 11th, 2024|Categories: Defined Benefit Plans|Tags: public sector|

Policy Ideas for Boosting Defined Benefit Pensions In The Private Sector

By Dan Doonan, John Lowell, Jonathan Price, Michael Kreps, Tyler Bond and Zorast Wadia Source: National Institute on Retirement Security In response to a request for information issued by the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee, the National Institute on Retirement Security has submitted a research issue brief with policy ideas to help expand defined benefit (DB) pension coverage for private-sector employees. The research brief, Policy Ideas for Boosting Defined Benefit Pensions In The Private Sector, [...]

CORPaTH2024-06-06T11:41:54-07:00June 6th, 2024|Categories: Defined Benefit Plans|Tags: HELP Committee, private sector|

The Myth That Public Workers Don’t Care About Pensions

By Hank Kim Source: Governing.com Although some may argue that pensions are no longer a relevant tool for recruiting and retaining public workers, the historical data and broader research show otherwise. However, with financial literacy being a significant challenge in the United States, it is critical that employers provide the necessary education around these benefits to maximize their potential in the battle to attract and keep talent. As pensions have become less common in the private sector, they have [...]

CORPaTH2024-07-11T13:01:14-07:00May 13th, 2024|Categories: Defined Benefit Plans|Tags: pensions|

A good time for pensions: Why the time is ripe for a secure future

Source: National Public Pension Coalition In the years following the Great Recession of 2007-2009, billionaire-backed opponents of defined-benefit pensions presented a reasonably straightforward case. The financial crisis sent equities tumbling, funding ratios of pension plans cratered, and it was easy for opponents of public employees to spread doom and gloom about pension plans. To make matters worse, pension opponents often deliberately sowed envy among non-pension recipients. At the NPPC, we believe everyone deserves a stable retirement. It’s a false [...]

CORPaTH2024-02-29T16:20:43-08:00February 29th, 2024|Categories: Defined Benefit Plans|Tags: DB Plans, retirement|

UPS to drive $1.2 billion into U.S. pension plans in 2024

By Rob Koslowski Source: Pensions & Investments United Parcel Service Inc., Atlanta, plans to contribute $1.2 billion to its U.S. pension plans in 2024. The shipping company disclosed its plans in its Feb. 20 10-K filing with the SEC. UPS previously contributed $1.2 billion to the U.S. pension plans in 2023 and $2 billion to the plans in 2022. Read the full article

CORPaTH2024-02-21T10:10:24-08:00February 21st, 2024|Categories: Defined Benefit Plans|Tags: pension funding, pension plan, ups|

Alaska Senate passes new pension program for state employees, but final approval is in question

By James Brooks Source: Alaska Beacon The Alaska Senate on Wednesday approved legislation to revive a pension program for state employees, an act that could bring new benefits to as many as 37,000 Alaskans and is intended to ease a chronic employee shortage at state agencies. Alaska has been without a public-employee pension program for new workers since 2006, when the Alaska Legislature abolished it in favor of a 401(k)-like program in which benefits are not guaranteed. Subsequent data [...]

CORPaTH2024-02-02T14:05:16-08:00January 31st, 2024|Categories: Defined Benefit Plans|Tags: alaska, alaska legislature, pension program|

Is renewed interest in DB plans real, or just a pipe dream?

By Brian Croce Source: Pensions & Investments The news around corporate defined benefit plans over the past couple decades has been bleak, with companies expeditiously freezing or terminating plans. But with some help out of Washington, experts say there's an opportunity for employers to reopen plans still on their books or provide their workers with guaranteed income in retirement. "For a sponsor that has a frozen plan that has participants concerned about guaranteed income, you don't necessarily need some [...]

CORPaTH2023-11-30T16:52:28-08:00November 20th, 2023|Categories: Defined Benefit Plans|Tags: PBGC|

Spain: Amendments to the laws on pension plans and collective dismissals

By Pilar Garcia-Aguilera Source: WTWCO.com Spain boosts access to pension plans to support temporary workers and partial retirees, among others, and adds notice protections for workers facing dismissal due to a workplace closure. Among other things, Law 668/2023 establishes implementing rules on sectoral tax-qualified simplified employment pension plans (planes de pensiones de empleo simplificados – PPESs); entitles temporary workers to participate in tax-qualified pension plans; allows partial retirees to continue to contribute to their plans until full retirement; and [...]

CORPaTH2023-08-25T13:41:42-07:00August 25th, 2023|Categories: Defined Benefit Plans|Tags: spain, temp workers|

Statement by Bea Bruske: Senators vote to put workers and pensioners before big banks and wealthy CEOs

Source: Canadian Labour Congress Bruske: Passage of pension protection Bill C-228 is a win for workers and plan members Canada’s unions are celebrating the Senate’s decision to pass Bill C-228 (Pension Protection Act), legislation that will ensure defined-benefit pensions receive super-priority status in bankruptcy and insolvency cases. “Pension protection has been a priority for Canada’s unions for decades. Multiple private members’ bills seeking to protect pensioners in insolvency proceedings have been defeated but with Bill C-228, our government is [...]

CORPaTH2023-06-30T16:27:27-07:00June 30th, 2023|Categories: Defined Benefit Plans|Tags: Bill C-228, canada, pension protection act|

Closing Pensions For Public Workers Has Proven A Mistake

By Dan Doonan Source: Forbes A measure to close North Dakota's public pension plan is headed to Governor Doug Burgum's desk for signature. Before enacting the measure, the state’s chief executive would be wise to look at the experience of other states that have made such a drastic move. State leaders have learned the hard way that ending pension benefits comes with little to be gained and a big price to pay. More specifically, states that shifted new employees [...]

CORPaTH2023-05-24T15:18:07-07:00April 27th, 2023|Categories: Defined Benefit Plans|Tags: north dakota, public pensions|

JP Morgan Analysis Says Corporate Defined Benefit Pension Plans Deserve A Fresh Look

By Dan Doonan Source: Forbes Since the Great Resignation in 2021 when employees across industries quit their jobs in large numbers, private sector employers have begun revisiting their benefit offerings to align with current employee preferences. As cited in a recent JP Morgan Asset Management report, “Pension Defrost: Is it Time to reopen DB pension plans- or at least stop closing and freezing them?,” 40 percent of private sector employees who separated from their employer during the Great Resignation [...]

CORPaTH2023-05-24T15:19:37-07:00April 24th, 2023|Categories: Defined Benefit Plans|Tags: DB Plans, jp morgan|

Corporate DB plans still hard to beat, JPMAM’s chief of institutional strategy says

By Rob Kozlowski Source: Pensions & Investments You're a U.S. corporation, your frozen defined benefit plan is fully funded, and now it's time to get rid of it, right? One expert says perhaps not. U.S. corporate defined benefit plans are healthier than they've been in decades, and companies should think about keeping them so they can take advantage of surplus assets, said Jared Gross, head of institutional portfolio strategy at J.P. Morgan Asset Management, in an interview on Monday. [...]

CORPaTH2023-04-13T14:10:39-07:00April 13th, 2023|Categories: Defined Benefit Plans|

Pension plan finances healthier in Q1

By James Langton Source: Investment Executive Defined benefit pensions enjoyed improving solvency metrics in the first quarter, despite elevated market volatility and tightening financial conditions, according to new data from consulting firm Mercer. The median solvency ratio for the DB plans in Mercer’s universe rose to 116% in the quarter, up from 113% at the end of 2022. Other measures of pension funding health also indicated improvement in the first quarter, with 83% of plans estimated to be in [...]

CORPaTH2023-04-13T14:05:05-07:00April 13th, 2023|Categories: Defined Benefit Plans|Tags: median solvency ratio|

DB funding remains strong, but transfers remain high risk

By Pádraig Floyd Source: Pensions Expert The March 2023 PPF 7800 index estimates the aggregate surplus of the 5,131 schemes it covers to have decreased over the month to £359.3bn as of March 31, from a surplus of £381.4bn at the end of February, a fall of almost 6 per cent. The funding ratio decreased to 133.2 per cent from 137 per cent over the same period. Total assets were £1.44tn and total liabilities were £1.08tn. There were 4,355 (82 per cent) schemes [...]

CORPaTH2023-05-03T13:50:52-07:00April 11th, 2023|Categories: Defined Benefit Plans|Tags: funding ratio|

Pension super-priority bill becoming law following Senate vote

By Gideon Scanlon Source: Benefits Canada A bill that provides super-priority to defined benefit pension plan members during plan windups or employer bankruptcies has been passed by the Senate and will become law. “Now that C-228 has passed, it is up to the government to schedule it for royal assent and then to incorporate it into the [Bankruptcy and Insolvency Act] and [the Companies’ Creditors Arrangement Act],” said Mike Powell, president of the Canadian Federation of Pensioners, an organization [...]

CORPaTH2023-03-29T10:49:24-07:00March 29th, 2023|Categories: Defined Benefit Plans|Tags: C-228, canada, pension security|

DB Pensions Are Financially Advantageous for Employers: JP Morgan Exec

By Justin Mitchell Source: FundFire The following text is a transcript of a portion of a speaker's presentation made at an industry conference or during an interview. This transcript solely represents the view of the individual who spoke, and not the view of FundFire or any other group. JUSTIN MITCHELL, SENIOR REPORTER, FUNDFIRE: Today we are speaking to Jared Gross, the Head of Institutional Portfolio Strategy for JP Morgan Asset Management. You wrote a recent paper where you made [...]

CORPaTH2023-03-10T16:50:13-08:00March 10th, 2023|Categories: Defined Benefit Plans|Tags: db pensions, JP Morgan Asset Management|

Alaska Bill Seeks to Revive Defined Benefit Pension

Source: Chief Investment Officer State senators in Alaska have introduced a bipartisan bill that would create a new defined benefit pension system for state employees as a way help address a nearly 20% vacancy rate for state jobs. Alaska’s previous defined benefit retirement system was abolished by state legislators in 2006 and replaced with a defined contribution plan. Senate Bill 88 would restore a defined benefit plan for new workers and allow current employees to choose between the new [...]

CORPaTH2023-03-13T11:54:15-07:00March 10th, 2023|Categories: Defined Benefit Plans|Tags: alaska, alaska senate bill 88|

Ontario’s pension plans remained resilient despite challenges

By Steve Randall Source: Wealth Professional Ontarians can feel confident that their pension plans weathered the economic storms of 2022 with resilience according to a provincial regulator. The Financial Services Regulatory Authority of Ontario's (FSRA) says that most pension plans in Ontario managed to navigate the economic challenges and market volatility to remain strong. Today (Feb. 16) the regulator is holding its first ever Pension Awareness Day to get people thinking more about retirement savings and engage with employers and unions [...]

CORPaTH2023-02-16T10:18:11-08:00February 16th, 2023|Categories: Defined Benefit Plans|Tags: canada, Ontario|

Study finds U.S. public pension plans’ average funding ratio reached 77.8% in 2022

Source: Benefits Canada The average funding ratio for U.S. public pension plans increased to 77.8 per cent in 2022 with the majority (68 per cent) of pensions’ revenue coming from investment returns, according to a new survey by the National Conference on Public Employee Retirement Systems. The 12th annual public retirement systems study received responses from 195 state and local government pension funds, which represent more than 19.6 million active and retired members with combined assets exceeding $3 trillion. Across these [...]

CORPaTH2023-02-16T09:56:28-08:00February 16th, 2023|Categories: Defined Benefit Plans|Tags: funding ratio, pension revenue|

Pensions Recruit and Retain Public Employees

Source: National Public Pension Coalition Did you know that state and local governments are facing staffing shortages of historic proportions that are significantly impacting communities across the country? One tool proven to help combat shortages and draw in potential employees is defined-benefit pensions! In fact, over 75% of Americans agree that providing a pension plan to public employees is an essential tool in the recruitment and retention of teachers and public safety officers, according to the National Institute on [...]

CORPaTH2023-01-18T14:18:41-08:00January 18th, 2023|Categories: Defined Benefit Plans|Tags: public employees, public pension|

Pensions beat flexible working for top spot in employee benefits ranking

By Sophie Smith Source: Pensions Age Pensions have topped the list of employee benefits HR teams say people value the most, having regained the position two years after flexible working took the top spot in Punter Southall Aspire’s annual survey, although concerns around the advice gap remain. The research, which was carried out with the Chartered Institute of Personnel and Development (CIPD), found that 900 out of 1,700 HR professionals ranked pensions as the most valued employee benefit amongst [...]

CORPaTH2023-01-18T14:16:32-08:00January 18th, 2023|Categories: Defined Benefit Plans|Tags: Chartered Institute of Personnel and Development, pensions|

Pensionomics 2023: Measuring the Economic Impact of Defined Benefit Pension Expenditures

By Dan Doonan, Ilana Boivie and Tyler Bond Source: National Institute on Retirement Security Economic gains attributable to private and public sector defined benefit pensions in the U.S. during the COVID-19 pandemic were substantial, according to Pensionomics 2023: Measuring the Economic Impact of Defined Benefit Pension Expenditures. This report calculates the national economic impacts of U.S pension plans, as well as the impact of state and local plans on a state-by-state basis. This report finds that retiree spending of public and [...]

CORPaTH2023-01-16T09:41:21-08:00January 16th, 2023|Categories: Defined Benefit Plans|Tags: Pensionomics 2023|

Germany’s pension system will collapse without reform, influential lobby group says

By Hannah Ward-Glenton Source: CNBC Germany’s pension system won’t be financially viable in five years’ time without reform, according to Rainer Dulger, the president of the Confederation of German Employers’ Associations. The influential lobby group represents around 20 million employees in the German workforce. Dulger told Germany’s Bild am Sonntag newspaper Sunday that the German economy is weakening and the social system is on “the verge of collapse.” “The costs will explode,” he said, according to a translation by CNBC. [...]

CORPaTH2022-11-07T11:21:58-08:00November 7th, 2022|Categories: Defined Benefit Plans|Tags: germany, pension system|

UK to reveal stealth tax raid on pensions later this month

Source: Reuters British Prime Minister Rishi Sunak and finance minister Jeremy Hunt plan to reveal a stealth tax raid on pensions later this month, The Telegraph reported on Friday. The pension lifetime allowance is set to be frozen for two more years, with a rise in line with prices delayed from 2025 to 2027, the newspaper said, without citing sources. The allowance level has risen with prices in the past, but Sunak, as the finance minister last year, froze [...]

CORPaTH2022-11-07T11:20:07-08:00November 7th, 2022|Categories: Defined Benefit Plans|Tags: tax raid, uk|