We've been forecasting that there would be profound social and economic consequences as a result of the shift from defined benefit plans to defined contribution plans, and the proof is starting to become more evident. According to the Federal Reserve's...

It is being reported that the participants in a multiemployer pension plan system that received "permission" from the Treasury Department under the Multiemployer Pension Reform Act of 2014 (MPRA) are suing the government challenging them on the legality of authorizing...

Anyone who knows me knows that I spend most of my time focused on issues related to the retirement industry. However, every once in a while something will pop up that I need to focus on and bring to your...

Of course, these projected contributions are predicated on achieving the return on asset assumption (ROA) during this period. A significant correction during the next 6 years (likely after a nearly 9 1/2 year bull market) would create a situation in...

The Fort Worth City Manager, David Cooke, is proposing additional contributions and the elimination of the annual 2% COLA as a means to sure up the $1.6 billion unfunded Fort Worth pension system, which is forecast to become insolvent within...

Northern Trust Asset Management (NTAM) is out with a report titled, "Corporate Pensions: The Bottom Line". NTAM believes that it is critically important for corporate plan sponsors to understand the impact that the DB plan has on corporate finances and...

The recent release of second-quarter GDP growth (4.1%) revealed the strongest quarter in four years. But, is that growth sustainable? Given that U.S. growth is still dominated by personal consumption, how are our households doing? The following chart would suggest...

The following data (source: Satis Group) speaks volumes (thanks, Chris, for sharing it!). I am sharing it with you because I'm concerned that there are DB pension sponsors still considering cryptocurrencies as an "investment" in their pension plans. Please be...

There is a new report out by the Society of Actuaries (SOA) that is putting into focus the massive funding challenge facing the multiemployer defined benefit plans designated as in "Critical and Declining" (C&D) status. These pension systems are funded...

Employee Benefit Advisers is out with an article titled, "Millennials Are Making A Costly Investment Mistake". In a study conducted by Bankrate.com, nearly 1 in 3 Millennials (18 to 37-year-olds) believe that "investing" in cash instruments is the best place...