Retirement Trends

Two aviation companies are set to put hundreds of millions of dollars into their pension funds this year and one said it contributed billions last year.

The model pension plans funded status is a dramatic improvement from its 77 percent funded status at the end of 2012.

More than one-quarter of ultra-high net worth investors plan to increase their use of independent advisors in 2014, compared to only 17 percent in 2012.

Assuming that Social Security benefits are not reduced, EBRI found that between 83 and 86 percent of workers with more than 30 years of eligibility in a voluntary enrollment 401(k) plan should have enough to replace at least 60 percent of the wages they were making at age 64.

A 2014 study showed that this community faced additional barriers to saving for their own futures because of the complexity of Social Security, a lack of access to work-based retirement plans and limited contact from financial advisors.

Investment returns of 13.8 percent, raising the discount rate used to determine future liabilities, a company contribution of $201.9 million to the system and a four-year strategy of matching investments to liabilities all contributed to eliminating the deficit.