While litigation is not widespread, it's important for plan sponsors to look at operations and shore up practices since there was action on 43 defined contribution cases during the first quarter of 2023, according to Mercer.
Not getting complacent, public sector pension plan managers are building for the long-term by increasing spending on advanced tools that offer a more realistic insight into changing markets, says a new report.
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..
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