US Archives - Page 89 of 213 - Pension Policy International

16JunJune 16, 2023

Long-Term Care Equality Index 2023

By Kelley Robinson & Michael Adams The Long-Term Care Equality Index (LEI) is a program of SAGE and the Human Rights Campaign Foundation (HRCF). The goal of the LEI is to create a network of LTCCs across the country that are providing a welcoming home for older LGBTQ+ people. The Long-Term Care Equality Index 2023 represents the first validated survey on LGBTQ+ inclusion in long-term care and senior housing communities. The Human Rights Campaign Foundation and SAGE are excited to present...

June 16, 2023

Aging, Books, Books, ReportsEquality, LGBTQ, US

16JunJune 16, 2023

The Role of IRAs in US Households’ Saving for Retirement, 2022

By Sarah Holden & Daniel Schrass This paper presents survey results on the incidence of individual retirement account (IRA) ownership in the United States and the contribution, rollover, and withdrawal activity of IRA-owning households. IRAs play an important role in US households’ retirement saving: In mid-2022, more than four in 10 US households owned IRAs. Traditional IRAs were the most common type of IRA owned (31 percent of US households), followed by Roth IRAs and employer-sponsored IRAs. IRA-owning households often...

June 16, 2023

Articles, Savings2023, Pension design, US

16JunJune 16, 2023

US. DOL working on updated fiduciary rule, SECURE 2.0 provisions

The Department of Labor's Employee Benefits Security Administration is aiming to release a rule proposal on fiduciary investment advice in the coming months and is working on a host of rules related to SECURE 2.0, according to its latest semiannual regulatory agenda. The agenda outlines EBSA's short-term and long-term priorities and notes it's working on seven items in the pre-rule stage, 10 in the proposed rule stage and three in the final rule stage. EBSA agendas in recent years have indicated...

June 16, 2023

NewsRegulation, savings, US

15JunJune 15, 2023

US. “Forgotten” 401(k) Accounts Grow to $1.65 Trillion of Assets, According to New Analysis by Capitalize

Capitalize, the award-winning platform to transfer retirement accounts, today released an update to its widely-cited 2021 white paper, The True Cost of Forgotten 401(k) Accounts. The analysis highlights continued growth in the number of “forgotten” accounts which represent 401(k) savings that have been left behind by people who have changed jobs or terminated employment. According to the company’s research, as of May 2023, there are an estimated 29.2 million forgotten or left-behind 401(k) accounts in the U.S. representing $1.65...

June 15, 2023

NewsEngagement, US

14JunJune 14, 2023

US. GOP bill aims to block ERISA plans from funding firms linked to U.S. adversaries

Rep. Jim Banks, R-Ind., introduced a bill to block ERISA-governed retirement plans from making new investments in companies controlled by or based in Iran, North Korea, Russia and China. "Several states, including my home state of Indiana, divested their pension funds from China, but federally regulated ERISA plans continue to fund firms that are building up the People's Liberation Army, stealing U.S. intellectual property and participating in the Uyghur genocide," said Mr. Banks, who serves on the Select Committee on...

June 14, 2023

NewsInvestment, Regulation, US

13JunJune 13, 2023

US Pension Funded Status Continues to Improve in May

Despite negative returns for many asset classes in the stock market, decreasing liabilities resulted in U.S. corporate pension funded status improvements in May, according to analysts. Pension discount rates rose almost one-quarter of a percentage point in May, erasing much of the fall in rates that had been seen so far this year, according to Agilis’s May Pension Briefing. This boost in funded status comes on the heels of a strong April for pension plans, as an increasing number of pension...

June 13, 2023

NewsFunding, US

12JunJune 12, 2023

US. Social Security’s woes highlight need for holistic plan

Given Social Security's uncertain future, defined contribution executives say that it's important for plan sponsors to offer participants holistic retirement planning and encourage additional savings. The Old-Age and Survivors Insurance Trust Fund, which covers retirees and their families, is now set to reach depletion in 2033, according to an April report from the Social Security Board of Trustees. If that happens, the trust's income would be able to pay 77% of its scheduled benefits, the report states. A reduction in Social...

June 12, 2023

NewsDefined Contribution, Social Security, US

09JunJune 9, 2023

Projections of the Size and Composition of the U.S. Population: 2014 to 2060

By Sandra L. Colby & Jennifer M. Ortman Between 2014 and 2060, the U.S. population is projected to increase from 319 million to 417 million, reaching 400 million in 2051. The U.S. population is projected to grow more slowly in future decades than in the recent past, as these projections assume that fertility rates will continue to decline and that there will be a modest decline in the overall rate of net international migration. By 2030, one in five Americans...

June 9, 2023

Aging, Books, Books, Reports2015, Adequacy, Coverage, Labor Market, US

09JunJune 9, 2023

A Complaint Template for Legal Challenges to the Validity of the Statutory ‘Debt Ceiling’

By Robert C. Hockett The Statutory ‘Debt Ceiling’ appearing at 31 USC 3101(b), rooted in the Second Liberty Bond Act of 1917 aimed at expanding Treasury financing options during the First World War, is not valid in any application that would occasion default on U.S. sovereign debt, other contractual obligations, or Social Security or Veterans’ pension obligations. There are at least seven mutually reinforcing legal grounds for so saying. These include preemption of such application of the Ceiling by the...

June 9, 2023

Articles, System Sustainability2023, Funding, Political economy, Public Pensions, Social Security, US

09JunJune 9, 2023

Pension Systems (Un)Sustainability and Fiscal Constraints: A Comparative Analysis

By Burkhard Heer, Vito Polito & Michael Wickens Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic uncertainties. These measures reveal that the pension spaces of advanced economies are strikingly different. Most nations have little scope to further finance pensions out of labour income taxation over the next thirty years....

June 9, 2023

Articles, Sustainability2023, Public Pensions, Taxation, US

June 2023