Search Results

More and more public sector workers are relying on DC plans for their retirement savings, however, half of them in their 60s had less than $40,000 in their account balances, according to new research from EBRI.

Pensions, in general, reduce poverty, and importantly, the anti-poverty impact of pensions is greatest for Black and Latino retirees, as well as for retirees without a college degree, says the National Institute on Retirement Security.

Private pension funds are not as fragile as state and municipal pensions because they have tighter regulatory rules that govern their accounting and contribution rate requirements, according to Equable Institute.

The recent cyberattack that compromised data at more than 600 organizations worldwide highlights the need for plan sponsors to become cybersecurity specialists to protect employee data and assets (or lean on expert advice).

Investors may want to consider replacing a portion of their core bond portfolio with a fixed-income annuity or qualified default investment alternatives, like target date funds, balanced funds and managed accounts, says Nuveen.

"Prolonged investigations" create "tremendous strain on retirement plan sponsors" and negatively impact retirement savers, wrote House Republicans in a letter sent to Acting Secretary of Labor Julie Su.

In a class action lawsuit, the former employee alleges that 37% of his retirement savings were invested in BlackRock's Target Date 2045 fund, which uses ESG considerations.

Employers across the country must focus on the needs of single women to face America's retirement crisis head-on.