29 04, 2019

Employer Contributions Aid in DB Plan Funding Progress

2019-04-29T13:51:34-07:00April 29th, 2019|Categories: Defined Benefit Plans|Tags: , |

An analysis from the Society of Actuaries suggests the majority of defined benefit (DB) plan sponsors are doing a good job of making contributions that help reduce unfunded liabilities. The study compares employer contributions to single-employer DB plans to benchmarks for measuring whether pension plan contributions—absent other influences—reduced unfunded liabilities or met other benchmarks, such as regulatory requirements. The study considers five benchmarks that represent the contribution needed to: Satisfy the minimum required contribution (MRC) as defined by Internal [...]

31 10, 2017

23% of millennials do not know how much their employer pays into their workplace pension

2017-10-31T20:10:57-07:00October 31st, 2017|Categories: Pension Funding|Tags: , |

Under a quarter (23%) of respondents aged between 18 and 34 with a workplace pension do not know how much their employer is paying into their occupational pension, according to research by Aegon. Its survey of 685 adults, including 380 employees who have a workplace pension, also found that 58% of millennial respondents think it is their employer’s responsibility to help them plan for retirement. […]

8 04, 2015

‘Modern’ DC Plans Have Pension-Like Elements

2015-04-08T00:45:43-07:00April 8th, 2015|Categories: Retirement|Tags: , , |

Most employers plan on increasing contributions to DC retirement plans over the next five years More than 70% of respondents said employers planned to increase their plan contributions. Employers are taking more of a responsibility in the defined contribution plans offered to their workers, a report issued Tuesday by Vanguard found. The survey, “Global Trends in DB and DC Plans,” found the modern DC plan is adopting some elements of defined pension plans to help participants prepare for a [...]