Defined Benefits

The budget would raise premiums that collectively bargained retirement plans pay to the Pension Benefit Guaranty Corp. by $18 billion over 10 years.

The Obama administration opposed lump sum payments, fearing that some retirees might spend their windfall and have nothing left to live on.

Sponsors poured cash into funds in 2017 and 2018, but 2019 may be different.

Findings aren't expected to dramatically affect large plan liabilities, but teacher plans could be impacted. And smaller plans may be using outdated mortality tables.

The DOL issued its warning after a French court convicted UBS this month of helping French citizens stash funds in undeclared Swiss accounts.

Legislation proposed by Congressional Progressive Caucus co-chair Pramila Jayapal would steer all Americans into the Medicare program in two years.