Seniors seem to be getting whacked from all angles these days. First, it was the reality for most that they would be retiring on Social Security alone, and now they are finding out that the long-term care insurance that they...

For a while now, we've speculated that the demise of traditional DB plans and the significant increase in student loan debt ($1.5T) would combine to adversely impact housing markets, as Seniors would not be able to remain in their homes,...

Actually, River City is probably fine right now, but there may, in fact, be some trouble brewing in New York City's real estate market. Why you ask? Well, it seems that nearly 1.1 million owner-occupants in NYC and Long Island...

The U.S. retirement industry is fast becoming a one-trick pony, as defined benefit plans (DB) quickly disappear in favor of defined contribution plans. We, at KCS, have stated for a long time that asking untrained employees to fund, manage, and...

Randy Diamond, CIO Magazine, is reporting that the California Appeals Court has ruled that the use of unused vacation days to enhance retirement benefits is not a "right", but it would not be "equitable" to take it away. The decision...

We are thrilled to read that Representative Peter King (R-N.Y.) has agreed to co-sponsor the Butch Lewis Act of 2017. As we've been reporting, this legislation is critical to protecting and preserving the promised benefits to millions of participants in...

We continue to see on a weekly basis opinion pieces deriding attempts to rescue "critical and declining" status multi-employer defined benefit plans. Here is another one from Tom Schatz that appeared in the January 3rd edition of The Hill. The...

An article appears in today's WSJ highlighting a dilemma for U.S. public pension plans, but it could be addressing a similar concern for all DB plans, including multiemployer and private plans, that continue to focus on the return on asset...

For most plan sponsors and their asset consultants, the return on asset assumption (ROA) drives investment structure and asset allocation decisions. As U.S. interest rates fell during most of the last 35 years, pension plan exposure to fixed income has...

For the year, UBI had an operating loss of $1.83 million on zero revenues. It had $15,406 in cash, and: “In order to keep the company operational and fully reporting, management anticipates a burn rate of approximately $220,000 per month,...