US Archives - Page 20 of 150 - Pension Policy International

14SepSeptember 14, 2023

US Corporate Pension Funding Levels Dropped in August

US. corporate pension funding levels fell last month, matching a drop in global equities, according to analysts.The August report from LGIM America’s Pension Solutions Monitor estimated that the average U.S. corporate funding ratio decreased to 103.6% through August from 104.9% at the end of July.Global equities declined 2.8%, with the S&P 500 decreasing 1.6%. Portfolios in plans with a 50/50 allocation declined 2.5%, while liabilities declined 1.4%. The decrease in assets outpaced the decline in liabilities, leading to lower...

September 14, 2023

News, UncategorizedFunding, Occupational Pensions, US

13SepSeptember 13, 2023

New Report Finds Public Pensions Play a Critical Role in Delivering Retirement Security for Older Americans While Reducing Wealth Inequality by Race and Gender

A new report finds that defined benefit pensions play a critical role in delivering adequate retirement income for older Americans while providing a key buffer against economic hardship for women, Blacks, Latinos, and those without a four-year college degree. The report also finds that the wealth value of lifetime pension income, particularly from public pensions, is distributed more equitably by race and gender than other private financial assets, thereby narrowing the wealth gap among older families. For example, public...

September 13, 2023

NewsEquality, Public Pensions, US

08SepSeptember 8, 2023

US. Traditional pension plans are pretty rare. But here’s who still has them and how they work

The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But for most private-sector US workers, pensions disappeared long ago. In a traditional pension, employers contribute, invest and manage retirement funds for their workers, who then receive guaranteed monthly checks for life after they retire. But over the past several decades, employers have either...

September 8, 2023

NewsOccupational Pensions, Pension design, US

07SepSeptember 7, 2023

US. Washington taking aim at pension risk transfer market, but is anything broken?

The U.S. pension risk transfer market is booming as more companies look to shed their pension liabilities, but changes to the rules governing such transactions could be coming, which is making some stakeholders nervous. "What I worry about is that we see something proposed that disrupts the system that's working well," said Kent A. Mason, a Washington-based partner at law firm Davis & Harman LLP and outside counsel for the American Benefits Council. "To me, where do you go from the...

September 7, 2023

NewsRegulation, Risk, US

06SepSeptember 6, 2023

U.S. Public Pension Plans Sustain Support for ESG Resolutions

Political rhetoric about the aims and efficacy of environmental, social, and governance-focused investing has turned heated in the past year. Public pension funds—irretrievably tied to politics by nature of their public funding—continued demonstrating strong support for ESG shareholder resolutions in the 2022 proxy season, according to a Morningstar review of some of the largest U.S. pension funds. The full study can be found here. These resolutions varied from calls for companies like Costco COST and Berkshire Hathaway BRK.A to reduce greenhouse gas emissions to proposals for...

September 6, 2023

NewsESG, Public Pensions, US

06SepSeptember 6, 2023

U.S. corporate pension plan funding ratios down slightly in August

U.S. corporate pension plan funding ratios dipped slightly in August, but they still remain well above 100%, according to three new reports. Legal & General Investment Management America estimated the average funding ratio of the typical U.S. corporate pension plan fell to 103.6% as of Aug. 31 from 104.9% a month earlier. In its latest monthly Pension Solutions Monitor, LGIMA said the estimated average funding ratio rose despite liability values dropping, because both global and domestic equities suffered weak performance during August. The...

September 6, 2023

NewsFunding, Occupational Pensions, US

05SepSeptember 5, 2023

US. What Public Pensions Could Do for Private-Sector Retirees

Once upon a time, before the era of 401(k) plans and takeover capitalists eviscerating many company pension funds, defined-benefit pension plans were America’s primary supplement to Social Security. Back then, the actuarial assumptions were generally reasonable, even for the public pension systems, before some of the latter strayed down the path of unsustainable benefits promises and fishy math. Needless to say, times have changed, and nowadays the vast majority of Americans have very few guarantees of lifetime income other...

September 5, 2023

NewsLongevity, savings, US

04SepSeptember 4, 2023

US. Biden’s pension relief flows to IG bonds

A large part of this infusion is making its way into the bond market this year, either in the form of investments in highly rated corporate paper or US Treasury debt. “A lot of money is coming from the pension relief provided by the government,” said a senior DCM banker. The Special Financial Assistance programme is intended for so-called Taft-Hartley pension plans, such as those run by labour unions like the Teamsters, which represents millions of truck drivers and delivery workers...

September 4, 2023

Newssavings, US

01SepSeptember 1, 2023

The Demographic Outlook: 2022 to 2052

By Congressional Budget Office The size of the U.S. population, as well as its age and sex composition, affect the economy and the federal budget. For example, the size of the working-age population affects the number of people employed; likewise, the size of the population age 65 or older affects the number of beneficiaries of Social Security and other federal programs. The Congressional Budget Office projects the population in future years by projecting fertility, net immigration, and mortality. (In this report,...

September 1, 2023

Aging, Books, Books, Reports2022, Healthcare, Labor Market, Social Security, US

01SepSeptember 1, 2023

US. DOL auditing some multiemployer plans following PBGC aid, attorney says

The Department of Labor has sent investigative letters to several multiemployer pension plans that have received special financial assistance from the Pension Benefit Guaranty Corp. and had previously suspended benefits under a 2014 law, according to an attorney who works with such plans. Investigators with the Labor Department's Employee Benefits Security Administration are seeking information on plan policies and procedures related to special financial assistance as well as the makeup payments to participants and beneficiaries who experienced suspension of their...

September 1, 2023

NewsPension Payment, Regulation, US

September 2023