23 10, 2017

Multiemployer pension plans nearing healthiest funding since market collapse of 2008

2017-10-23T18:50:28-07:00October 23rd, 2017|Categories: Multiemployer Plans|Tags: |

Milliman has released the results of its Fall 2017 Multiemployer Pension Funding Study, which analyzes the funded status of all multiemployer pension plans. As of June 30, 2017, these plans are nearing the healthiest they’ve been since U.S. financial markets collapsed in 2008. In the first six months of 2017, the aggregate funding percentage for all multiemployer pensions climbed from 77% to 81%, reducing the system’s shortfall by $21 billion – an improvement driven largely by favorable investment returns. [...]

20 09, 2017

MassMutual Launches Tool to Gauge DB Plan Health

2017-09-20T23:06:01-07:00September 20th, 2017|Categories: Defined Benefit Plans|Tags: |

Massachusetts Mutual Life Insurance Co. (MassMutual), as part of a broader strategy to expand its share of the defined benefit (DB) pension market, is introducing an analysis tool to help employers gauge the relative health of their pension plans and manage them accordingly. MassMutual’s PensionSmart Analysis tool is available to pension plan sponsors through financial advisers and consultants who serve the pension recordkeeping, investments and actuarial marketplaces. The PensionSmart Analysis tool provides plan sponsors with a diagnosis or assessment [...]

2 06, 2014

The Wall Street Pension Scam

2014-06-02T20:25:02-07:00June 2nd, 2014|Categories: Pension Reform|Tags: , |

In recent years there has been a regular drum beat of news stories warning us about the enormous unfunded liabilities of state and local pension funds. Much of this has come from reports issued from well-endowed foundations, most notably the Pew and Arnold foundations who have a joint project on public pensions. Ostensibly these foundations are simply providing information to allow the public to address a major policy problem. However, it is difficult not to ask whether these foundations [...]

1 02, 2014

Public employee pension systems on path toward financial stability

2014-02-01T01:10:16-08:00February 1st, 2014|Categories: Defined Benefit Plans|Tags: , , |

PHOENIX – Arizona’s public pension systems for state employees, public safety personnel and corrections officers are on a path toward financial stability, according to a study by a bipartisan think tank. Despite having funding to meet 71.6 percent of pension obligations, a gap of $14.5 billion, reforms enacted in 2011 have curtailed the growth of future liabilities, according to the Grand Canyon Institute. “We are back on track, but it will take a while to recover,” said Dave Wells, research director for [...]

29 01, 2014

Strong improvements in the financial position of pension plans, and new research released on workplace stress levels and the link to mental health

2014-01-29T21:04:47-08:00January 29th, 2014|Categories: Retirement|Tags: , , |

Morneau Shepell examines the link between workplace stress levels and mental health issues and the 2013 financial position of pension plans in Canada in the current issue of its newsletter, News & Views. […]

16 01, 2014

How to Monitor Your Pension’s Health

2014-01-28T22:52:13-08:00January 16th, 2014|Categories: 401(k), Defined Benefit Plans, Retirement|Tags: , , |

You paid into a pension system. It will pay out for you … right? Maybe. As illustrated by Detroit’s municipal bankruptcy and the threatened implosion of its pension plans, not to mention routine corporate bankruptcies, pensions can’t be taken for granted. That’s why it’s smart to set up a system for monitoring the fiscal health of a pension you are counting on. Pension system analysts say an annual review is usually sufficient. So many warning bells are required to [...]

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