US Archives - Page 86 of 200 - Pension Policy International

26JanJanuary 26, 2023

US. Cryptocurrency Was Sold To State And Local Pensions As ESG

Senator Katie Muth, a Board Member for the $40 billion Pennsylvania State Employees’ Retirement System (PSERS) will never forget the first meeting of the pension board she attended and the ESG presentation she heard which included cryptocurrency as a solution for the un-banked in African countries. “I was really looking forward to the ESG presentation but was very confused as to how blackbox fake currency could improve the lives of people suffering from economic hardship on the continent. The...

January 26, 2023

NewsCryptocurrency, ESG, Investment, Pension Management, US

25JanJanuary 25, 2023

U.S. insurers likely to increase risk tolerance, private assets – Conning

Most U.S. insurers expect to increase their investment risk tolerance, while adding to their allocations to private assets this year, amid an environment of higher volatility and rising inflation, according to a survey of U.S. life and property and casualty insurers released Tuesday by Conning, a global insurance asset management firm. Specifically, 64% of insurers responding to the survey said they expect an increase in investment risk tolerance in 2023, while 73% said risk-adjusted returns are the No. 1 investment...

January 25, 2023

NewsInvestment, US

24JanJanuary 24, 2023

Why Older Americans Regret Not Saving Early and Enough

Any Americans head into their retirement years with little rigor in their planning, and then they find themselves nursing a bundle of regrets. Those regrets are about not saving more earlier in life, not investing in long-term care or annuities, and dipping into their social security payments much too early. How widespread are those regrets, and how can people plan more smartly for their retirement? That is the focus of a new paper titled “Financial Regret at Older Ages and...

January 24, 2023

NewsLongevity, savings, US

24JanJanuary 24, 2023

Financial regret at older ages and longevity awareness

By Abigail Hurwitz & Olivia S. Mitchell Older people often express regret about financial decisions made earlier in life that left them susceptible to old-age insecurity. Prior work has explored one outcome, saving regret, or peoples’ expressed wish that they had saved more earlier in life. The present paper extends attention to five additional areas regarding financial decisions, examining whether older Americans also regret not having insured better, claimed benefits and quit working too early, and becoming financially dependent on...

January 24, 2023

Articles, Savings2023, Pension design, Social Security, US

23JanJanuary 23, 2023

US. 32% of Savers Tapped Their Retirement Accounts Last Year to Cope With Inflation. That’s a Problem

Inflation surged in 2022, burdening consumers of all ages. If you took a retirement plan withdrawal to cope with inflation, it's imperative that you try to compensate this year. Motley Fool Issues Rare “All In” Buy Alert Higher living costs forced some people to resort to drastic measures. Lawmakers were generous with stimulus aid in 2021, and that helped many Americans cope with the pandemic and subsequent economic crisis. But a troubling thing happened as a result. Consumers suddenly found themselves flush with cash...

January 23, 2023

NewsPension desing, US, Withdrawals

19JanJanuary 19, 2023

These 2 states account for a third of America’s public-sector pension crisis

Step forward, California and Illinois! Your state and local pension funds are so badly funded that you two states, alone, account for about one-third of the entire U.S. pension-fund crisis. California’s public-sector pensions have a staggering accounting hole of $274 billion, according to the latest report from the Equable Institute think tank. Illinois public-sector pensions are in the hole to the sum of $210 billion — and you could argue that is even more remarkable because Illinois, the U.S.’s sixth most...

January 19, 2023

NewsFunding, US

18JanJanuary 18, 2023

U.S. State, Local Public Pensions Saw Funding Statuses Fall in 2022

The national average funded ratio for U.S. state and local public pension plans is estimated to have declined from 83.9% in 2021 to 77.3% in 2022, once all public pensions release their 2022 data, according to a recently released end-of-year report on public pensions from the Equable Institute. Equable used figures from 76.4% of the 225 retirement systems with available data that reported preliminary investment returns for their full fiscal 2022 to inform the prediction. The remaining plans with available...

January 18, 2023

NewsFunding, Public Pensions, US

18JanJanuary 18, 2023

Key Actuarial Changes for Public Pension Plans in 2023

Funding valuation reports for public pension plans will have to include additional information following several actuarial changes approved by the Actuarial Standard Board, part of the American Academy of Actuaries, in the finalized Actuarial Standards of Practice No. 4., Measuring Pension Obligations and Determining Pension Plan Costs or Contributions. “In some cases, these are things that some [public pension plan] reports already include. So for any given public pension plan, they may see all of these as changes or some...

January 18, 2023

NewsPublic Pensions, Regulation, US

17JanJanuary 17, 2023

US. Life expectancy can have a greater impact than even record high inflation on how long your retirement savings will last

Given today’s ongoing high inflation, many Americans worry they may not have put away enough money for retirement. They fear that sharp increases in food and energy prices and transportation and medical care costs could significantly affect their retirement savings. Yet there’s another important factor to consider: your life expectancy. A new report from the TIAA Institute and George Washington University reveals that more than half of American adults don’t know how long people generally tend to live in retirement, which...

January 17, 2023

NewsInflation, Longevity, US

16JanJanuary 16, 2023

U.S. funds turn to fixed income for relief

Pension plan execs looking forward to better environment U.S. pension fund executives expect to navigate a recession by the end of 2023, but while the market return environment is set to remain challenging, they see opportunities re-emerging in fixed income. While they are unsure of just how challenging, they are convinced of one thing: a recession almost certainly looms in the coming year. "My crystal ball is a bit cloudy," said Christopher J. Ailman, chief investment officer at the $307.2 billion California...

January 16, 2023

NewsInvestment, Pension Management, US

January 2023