Defined Benefits

The private sector is showing an uptick in interest in multiple employer retirement plans, according to testimony at a bi-partisan roundtable hosted by the Senate committee on Health, Education, Labor and Pensions.

Julio Portalatin, CEO of consultant Mercer, is again speaking out against premium increases for the Pension Benefit Guarantee Corp. that went into effect with the passage of the Bipartisan Budget Act of 2015.

Premiums paid to the Pension Benefit Guarantee Corp. will have to increase exponentially for the federal insurance program to avoid insolvency, the agency reported today.

How to help clients decide what part of their pension benefits will be reliable, given funding realities.

Retirement giant's compliance advice focuses on proposed regulations from the IRS about closed retirement plans and ongoing plans with grandfathered benefits.

One consultant reported a rise in pension funded status for one group of companies, but another reported a decrease thanks to rising liability values and flat asset values.