June 2025

US. Social Security’s Finances Erode Further, Risking Benefit Cuts

The Social Security program faces a longstanding financing shortfall that, if left unaddressed, would slash millions of retirees’ crucial monthly benefit payments in just eight years. The deteriorating financial outlook for the retirement program, which supports roughly 61 million Americans, was released in its annual trustees report on Wednesday. It is now expected to run out of money nine months earlier than previously projected, which means benefits could be reduced by 23 percent if Congress does not act to bolster...

‘No choice to be absent from US markets’

US markets have historically played a key role in supporting pension fund performance, not just for CPP and OMERS but also for smaller Canadian plans, like UPP and OPTrust. But with current geopolitical and headwinds at play, are pension funds planning to change strategy? Jason Campbell believes that unless something drastic were to happen over the next year or two, most pensions will likely stay the course. After all, institutional investors typically plan for the long term and don’t get bogged...

US. Largest Corporate Pension Plans Add $22B in May

U.S. corporate pension funds continued to recover in May, as higher bond yields drove down plan liabilities, and pension assets increased. The funded status of the 100 largest corporate defined benefit pension plans increased by nearly $22 billion in May, according to Milliman. The funded ratio of the DB plans rose to 104.9% from 103%. The increase erased the losses from a rocky first quarter of the year, bringing the funded status above 103.6%, where it started 2025. Pensions assets increased...

Netherlands. Weaker US dollar hits pension funds harder than falling stock prices

At the end of the first quarter of 2025, Dutch pension funds managed assets worth €1,771 billion. Almost half of this, some €808 billion, is invested in currencies other than the euro.  This mostly concerns US dollar-denominated investments (€551 billion), of which €450 billion are investments in the United States. Source: DNB statistics At De Nederlandsche Bank, we independently compile statistics on the Dutch financial sector and economy. This article is based on these statistics. More information on our statistics and all dashboards...

Retired for how long? Worker expectations for how long they’ll live in retirement

By Paul J. Yakoboski,  Annamaria Lusardi & Andrea Sticha The influence of perceptions is noteworthy given that one-third of adults underestimate general life expectancy among 65-year-olds (and an additional one-quarter respond “don’t know” when asked). Workers who expect relatively short lifespans due to misperceptions about general life expectancy are at risk of accumulating inadequate financial resources for retirement. Their retirement planning horizon is “too short.” In addition, those with shorter expected lifespans appear less likely to plan and save for retirement. For example, about...

LGBTQ+ Americans Face Retirement Inequities

By Pension Rights Center Pride Month is observed each June to mark the 1969 Stonewall Uprising that sparked the LGBTQ+  rights movement in the United States. Celebrations are centered around building community, recognizing the progress made towards equality, and honoring those who have made that progress possible. But Pride Month is also an opportunity to reflect on the work yet to be done, including the inequities that persist when it comes to the retirement income security of LGBTQ+ older adults. According...

La mayoría de los estadounidenses carece de conocimientos básicos sobre la jubilación, según nuevo estudio

Según un informe original del TIAA Institute y el Global Financial Literacy Excellence Center en la George Washington University School of Business, la mayoría de los adultos estadounidenses enfrentan serios desafíos al responder preguntas básicas sobre la jubilación. El estudio reveló que, en promedio, los encuestados solo respondieron correctamente dos de seis preguntas sobre beneficios de Seguridad Social, cobertura de Medicare, ahorros de jubilación basados en el empleo, aseguramiento de ingresos de por vida y expectativa de vida en la jubilación. La brecha...

Boomers Aren’t Planning for a 30+ Year Retirement: 3 Reasons This Is a Mistake

The average number of years spent in retirement continues to grow, but many boomers aren’t planning to spend several decades in retirement. According to TIAA Institute’s “Retired for How Long?” report, most boomers (57%) plan to retire between ages 60 and 69 and nearly half (46%) believe they will live to age 90 or older. That means a significant portion of boomers will spend 30-plus years in retirement. Yet, only 9% are planning to spend that long in retirement. You Can Run Out of...

US. LA Pension Fund Commits $75M to 3 Funds

The $23 billion Los Angeles City Employees’ Retirement System has committed $75 million to three funds within its private equity, credit and real estate portfolios. The biggest of the three investments was a commitment of up to $40 million in the Hg Saturn 4 A L.P. private equity fund. The fund will target European-based large-cap software and tech firms that have enterprise values of at least $1.5 billion and equity valuations of more than $700 million. The fund will invest in the companies...

How Employers Can Tackle Shifting Demographics and Retirement Needs

A host of demographic and societal shifts — ranging from increased longevity of the workforce to challenges faced by younger generations in achieving financial milestones — have profound implications for how employers manage their talent and deliver financial and retirement benefits. With talent retention and workforce planning at center stage, employers can pursue several paths to help secure the retirement needs of their plan population while managing volatility through market cycles. Diana Schneider, Head of Institutional Solutions at MassMutual,...