Search Results

The average percentage of assets compared to total liabilities has held steady in the 71% to 79% range over the past five years, according to the National Conference of Public Employee Retirement Systems.

Senator Bill Cassidy, along with 26 colleagues, is calling for the “immediate implementation” of the new Social Security law, after SSA announced payments to public workers could take “more than 1 year.”

Confirmation of Lori Chavez-DeRemer, who previously served in the House, could pave the way for action on PBMs and mental health benefits.

Senators Jack Reed and Sheldon Whitehouse, who co-sponsored the new federal law, are calling on the Trump administration to expedite its implementation, following the SSA’s announcement that it could take “more than 1 year” to make payments to public service retirees.

Here are six of the big retirement stories that employers, advisors and plan sponsors (and retirement editors, like myself) need to keep on top of in the coming year.

A federal judge in Texas ruled that American Airlines violated its ERISA duties by not focusing “on the best financial benefit” for its 401(k) plan, in the biggest victory yet in a case involving ESG investing.

The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero Asset Managers initiative, following the recent withdrawals of Morgan Stanley, Goldman Sachs, JP Morgan Chase and other megabanks.

Ex-employees are suing Verizon as well as State Street Global Advisors, which served as the “independent fiduciary” in putting the deal together to manage the pensions of 56,000 retirees.