December 2022
02Dec

Senior living inflation is skyrocketing in some parts of the U.S. These states lead the way

Seniors have been feeling the repercussions of inflation. Those 55 and older have had to cut back on health visits and meals—some limiting the heat in their homes—in order to save money this year, according to a new report. The report released last month by Paying For Senior Care, which provides financial information for the aging population, examined how inflation affects seniors’ daily lives. The report, which surveyed 1,000 U.S. adults ages 55 and older, found one in four have...

December 2, 2022
News, ,
Read more...
01Dec

US. Corporate pension buyouts reach $26 billion in Q3 — LIMRA survey

U.S. corporate pension plan buyout sales totaled $26.1 billion in the quarter ended Sept. 30, the highest volume for a third quarter, a LIMRA survey found. It also brings the year-to-date volume of buyout sales to $41 billion, breaking the previous annual record of $36 billion in 2012 in just the first three quarters of the year. LIMRA projects the total volume for 2022 will exceed $50 billion. The third quarter was highlighted by the second-largest U.S. pension buyout transaction in...

December 1, 2022
News, , ,
Read more...

November 2022
30Nov

US. Amid FTX fallout, public pension fund defends its big bet on crypto-related holdings

As investors scramble to assess the fallout from the bankruptcy of cryptocurrency exchange FTX and the general price collapse of bitcoin and other digital currencies, a public pension fund is standing by its hefty commitment to crypto-related holdings. The Fairfax County Police Officers Retirement System, a defined-benefit pension plan covering law-enforcement officers in the sprawling northern Virginia county, has over 7% of assets invested in crypto-related holdings, according to a person familiar with the fund, spread across venture capital and...

November 30, 2022
News,
Read more...
29Nov

US. Blackboxes Within Blackboxes: Cryptocurrency In Your State Pension

The recent collapse of the global cryptocurrency markets has exposed many previously hidden dangers related to these blackbox investments. Growing secrecy at our nation’s public pensions has turned these retirement plans into blackboxes themselves. Public pension officials have agreed to be kept in the dark about how much they’re poised to lose in cryptocurrency investments and aren’t eager to acknowledge the losses resulting from their gambling in crypto. No one knows for certain just how much blackbox cryptocurrency blackbox...

November 29, 2022
News, ,
Read more...
25Nov

Average Retirement Savings: How Do You Compare?

By Amelia Josephson If you’re wondering what’s a normal amount of retirement savings, you’re probably one of the 60% of Americans who either don’t think their savings are on track or aren’t sure, according to the Federal Reserve’s “Report on the Economic Well-Being of U.S. Households in 2019.” Among all adults, median retirement savings are $65,000, according to the Federal Reserve’s most recent data. The Federal Reserve also estimated that by retirement, that number would grow to an average...

November 25, 2022
Articles, Savings, , ,
Read more...
25Nov

41% of U.S. women expect to retire at age 70, older or not at all: survey

Two-fifths (41 per cent) of U.S. women say they expect to retire at age 70 or older or don’t plan to retire at all, according to a survey by the Harris Poll on behalf of the Transamerica Center for Retirement Studies. Among women who plan to work past age 65 or who don’t plan to retire, 81 per cent cited financial reasons. Nearly half (45 per cent) said they expect to rely on self-funded savings or investments in retirement, while...

November 25, 2022
News, ,
Read more...
23Nov

US. New Biden rule allows socially conscious investing by retirement plans

President Joe Biden's administration on Tuesday reversed restrictions imposed under his predecessor Donald Trump on retirement plans considering environmental, social and governance (ESG) factors such as climate change and racial justice when selecting investments. The Labor Department announced a final rule first proposed last year after Biden, a Democrat, ordered government agencies to assess climate-related risk to retirement and pension investments. Read also 41% of U.S. women expect to retire at age 70, older or not at all: survey The rule will...

November 23, 2022
News, ,
Read more...
23Nov

US. Here’s How Much Rising Rates Help Pension Plan Liabilities

Rising interest rates may be a bane for the fixed-income section of pension plans’ portfolios. But the ascending rates tend to have a benign influence on pension liabilities. A study by NISA Investment Advisors sketches out how much, and also spotlights little-appreciated side effects. Boosting long-term rates means that the liabilities, or the plans’ discounted value of future cash flows, decrease. All things being equal, this situation tends to produce the welcome result of enhancing plans’ funded status. By NISA’s calculations,...

November 23, 2022
News,
Read more...
23Nov

Contra los zombis: Economía, política y la lucha por un futuro mejor

Por Paul Krugman Nadie como Paul Krugman para acercarnos a los principales conceptos económicos y las ideas que mueven gran parte de nuestras políticas públicas y para explicar con lucidez problemas económicos a menudo confusos. En Contra los zombis, Krugman reúne más de noventa artículos —muchos publicados en The New York Times— en dieciocho secciones organizadas temáticamente y enmarcadas en el contexto de un debate más amplio. En ellas aborda temas como la seguridad social, la atención médica, la...

November 23, 2022
Caracterización del Sistema, Libros, Libros, , , ,
Read more...
22Nov

P&I Research Center. Public Pension Plan Benchmarks

Prepared by: Valerie Ge, CFA Research Analyst This report intends to provide insights into the overall and asset class benchmarks selected by the 50 largest U.S. public defi ned benefi t plans. The top 50 plans are selected based on their reported U.S. DB asset totals in Pensions & Investments’ 2021 survey. Eleven out of 50 plans did not disclose enough detailed information, and 10 plans had a fi scal year ended other than June 30. Insights into the overall and...

November 22, 2022
Books, Books, Pension Management, Public Pensions, Reports, , ,
Read more...