Defined Benefits

Benefits groups support the proposal, which would require retirement plans to use money forfeited by participants when they leave an employer before the end of a vesting schedule, starting in 2024..

The U.S. defined contribution system relies on new employers to create, on average, 44,000 plans per year to compensate for the more than 377,000 plans that closed from 2012 to 2021, according to a Morningstar report.

At the committee level, there is a lot of bipartisan activity for health care reform for 2023 that includes PBM reforms and insulin caps in the commercial market, as well as regulatory guidance on the new retirement bill SECURE 2.0.

From an attempt to override the veto to a legal challenge by Republican state attorneys general in 25 states, the political issues surrounding Labor's ESG rule will continue to swirl for the foreseeable future.

For the first time, a majority of workers (51%) said they would consider converting a portion of assets into a lifetime-guaranteed annuity for retirement, according to a new survey.

After eight consecutive rate hikes, the Federal Reserve raised interest rates again on Wednesday, pushing the federal funds rate to the highest level since 2007.

A combination of rising yields, declining equity markets and a strengthening dollar made 2022 a challenging year for many investors, but pension fund levels improved year over year, according a new report.

Over the last two decades, the traditionally more generous public service benefits may have been diminished, as many state and local governments enacted changes to their DB pensions that raised contributions, says a new study.