News Now
Do Americans Need A Retirement Reboot?
Headline: Do Americans Need A Retirement Reboot?
Publication: Forbes
Article Date: February 23, 2023
National Institute on Retirement Security’s Mark Miller shares insight on the scope of the retirement savings shortfall, how we got here, and steps individuals and policymakers can take to improve retirement outcomes. Read More…
Public Pension Funding Ratios Increased in 2022, NCPERS Study Finds
Headline: Public Pension Funding Ratios Increased in 2022, NCPERS Study Finds
Publication: Business Wire
Article Date: February 07, 2023
Public pension funds’ average funding ratio increased to 77.8% in 2022, with the majority of pensions’ revenue (68%) coming from investment returns, according to an annual study by the National Conference on Public Employee Retirement Systems (NCPERS). Read More…
Industry wild about government match for low earners
Headline: Industry wild about government match for low earners
Publication: Pensions & Investments
Article Date: January 16, 2023
As part of the Secure 2.0 Act low- and middle-income workers who contribute to a workplace retirement savings plan or individual retirement account will be eligible for a 50% match on up to $2,000 courtesy of the federal government. Read More…
San Diego must pay $75M upfront plus $11M a year through 2042 to unwind failed Proposition B pension cuts
Headline: San Diego must pay $75M upfront plus $11M a year through 2042 to unwind failed Proposition B pension cuts
Publication: San Diego Tribune
Article Date: January 13, 2023
San Diego must pay $75 million upfront and $11 million each year for the next two decades as penalties for its unsuccessful attempt a decade ago to eliminate pensions for most city workers. Read More…
8 Ways SECURE 2.0 Will Enhance Retirement
Headline: 8 Ways SECURE 2.0 Will Enhance Retirement
Publication: 401kSpecialist
Article Date: December 30, 2022
Transamerica Institute and Transamerica Center for Retirement Studies highlights the top ways new legislation will improve and expand upon retirement security. Read More…