US Archives - Page 85 of 207 - Pension Policy International

16MayMay 16, 2023

What the debt ceiling standoff could mean for your retirement plans

President Biden is expected to meet with congressional leaders on Tuesday about the debt ceiling, with just about two weeks until the country could run out of money to pay its bills. Economists and administration officials have warned that a potential default on the national debt — for the first in U.S. history — would amount to financial disaster, wreaking havoc on the domestic economy and rattling global markets, too. "Our economy would fall into a significant recession," Biden told reporters...

May 16, 2023

NewsPolitical economy, US

15MayMay 15, 2023

US. Debt-ceiling apocalypse could offer opportunities as well, observers say

The ongoing debt-ceiling standoff between Democrats and Republicans could result in buying opportunities for institutional investors as long as widespread faith that the two sides will eventually do whatever is necessary to avoid a U.S. debt default proves well-founded. If not, all bets are off. For now, even as the "X-date" where the government won't be able to cover all of its Treasury bonds and bills coming due approaches— as early as June by some estimates — most market participants say...

May 15, 2023

NewsPolitical economy, US

12MayMay 12, 2023

“Milliman’s Pension Funding Index. May 2023”

By Milliman The funded status of the nation’s 100 largest corporate defined benefit pension plans decreased by $7 billion during April, as measured by the Milliman 100 Pension Funding Index (PFI). A decrease in the benchmark corporate bond interest rates used to value pension liabilities led to an increase in these liabilities of $10 billion for the month. As of April 30, the funded ratio fell to 99.5%, from 100.1% at the end of March. April saw the funding surplus...

May 12, 2023

Books, Books, Reports, System Characterization, System Sustainability2023, Funding, Occupational Pensions, US

12MayMay 12, 2023

Retirement Plan Reforms in the Absence of a Retirement Policy

By Natalya Shnitser The US retirement system is currently characterized by tremendous diversity of instruments, institutions, and intermediaries in pursuit of the same goal. While the goal – achieving financial security in retirement – is widely accepted by policymakers and participants, for individuals in the United States, the nature of the “investment” experience in the retirement context varies considerably based on the identity, savviness, and size of the intermediaries, as well as the particular legal regime to which such intermediaries...

May 12, 2023

Articles, Pension design2023, Pension Reform, US, Voluntary Savings

12MayMay 12, 2023

“The Great Retirement Boom”: The Pandemic-Era Surge in Retirements and Implications for Future Labor Force Participation

By Joshua Montes, Christopher L. Smith & Juliana Dajon As of October 2022, the retired share of the U.S. population was nearly 1-½ percentage points above its pre-pandemic level (after adjusting for updated population controls to the Current Population Survey), accounting for nearly all of the shortfall in the labor force participation rate. In this paper, we analyze the pandemic-era rise in retirements using a model that accounts for pre-pandemic trends in retirement, the cyclicality of retirement, and other factors....

May 12, 2023

Articles, Labor Market2023, COVID 19, Retirement Age, Social Security, US

11MayMay 11, 2023

US. Senate passes bill banning state’s pension, investment funds from ESG considerations

The Ohio Senate sent to the House on Wednesday a bill that would prohibit managers of the state’s five pension systems and other investment funds from choosing investments based on their social, environmental and corporate governance goals. ESG principles consider companies’ and funds’ policies affecting the environment and climate. Social goals include how a company treats its employees, suppliers and customers. Governance policies require an examination of corporate leadership, executive pay, shareholder rights and internal controls. Recently, Republicans across the country...

May 11, 2023

NewsESG, Pension Management, US

10MayMay 10, 2023

US. New York State Common reaches deal with 4 companies to cut emissions

New York State Common Retirement Fund, Albany, reached agreements with four U.S. companies to compel them to set targets to reduce their greenhouse gas emissions and regularly report on their progress, said New York state Comptroller Thomas P. DiNapoli, sole trustee of the $242.3 billion pension fund, in a news release Tuesday. As a result of these agreements, the pension fund has withdrawn its shareholder resolutions with the companies. The four companies are Carrier Global Corp., a heating, ventilation and air...

May 10, 2023

NewsClimate crisis, Pension Management, US

09MayMay 9, 2023

US. Corporate contributions could be a thing of the past

U.S. corporations are continuing to lower their expected contributions to their pension plans in 2023 as more and more plans reach full funded status. The companies behind the 100 largest corporate pension funds plan to contribute a total of up to $12.5 billion in 2023, according to Pensions & Investments' analysis, compared to $16.2 billion contributed in 2022. The data reflect the companies' expected contributions disclosed in their 10-K filings with the Securities and Exchange Commission. For S&P 500 companies overall, 28...

May 9, 2023

NewsOccupational Pensions, Pension Management, US

08MayMay 8, 2023

US. Rising interest rates put corporate pension plans on end-game path

U.S. corporate pension plans are on average fully funded for the first time in 15 years, and plan executives are now in the unfamiliar position of being able to achieve the end state of their plans. The publicly traded U.S. companies with the 100 largest defined benefit plans can now boast an average funding ratio of 100.2% as of Dec. 31, according to Pensions & Investments' analysis of the latest 10-K filings. It is the first time the annual analysis has...

May 8, 2023

NewsFunding, Pension Management, US

05MayMay 5, 2023

Pension Reform: Conceptual Foundations and Practical Challenges

By Seamus H. Duffy & Oliver Giesecke Underfunded pension are the largest liability for state and local governments across the United States. As a result of increasing recognition of the associated risks, recent statutory funding mandates led to a sharp increases in required contributions, threatening city services and employee bases. As funding pressure mounts, pension reforms offer a viable tool for prudent economic policy. We propose five general principles that guide pension reform considerations and discuss how these principle stand...

May 5, 2023

Articles, Pension design, Regulation2023, Defined Benefit, Defined Contribution, Pension Reform, US