Defined Benefits

Most public pension plans are distressed or fragile, and there are better ways – risk-managed pensions, guaranteed return plans, hybrid plans or any combination – to design them for the 21st Century, says a new report.

The new regulation opens the door for employers to adopt (or convert their existing cash balance plans) to market-return cash balance plans, without a minimum fixed rate, and with the opportunity to have a scale of pay credits that materially increase by age or service.

It's not necessarily problematic, but there's a gap between what a typical pension plan sponsor thinks they're bearing in terms of risk, and what Vanguard's survey findings indicate.

The increase in interest rates seen in 2022 has improved pension funded status and provided attractive yields for sponsors wanting to de-risk by increasing their allocation to fixed income, according to a new report.

Still, plan sponsors should be wary of being "lulled into a false sense of security" as potential challenges remain in the year ahead, according to a new report.

Do employees know all their benefits? Here are eight ways employers can help them save money by taking advantage of existing benefits and programs.

For 2023, 52% of plan sponsors say providing financial wellness tools will be a top priority, since nonprofits are placing a greater emphasis on financial education, says a new report.

This largest-ever rescue covers 350,000 workers and retirees of the Central States Pension Fund, one of the largest multi-employer pension plans in the nation that was projected to become insolvent in 2026 prior to the pandemic.