Tag: DB

retirement

Restated Preapproved DB Plans Learn from DC IRS Amendment Cycle

Defined benefit (DB) retirement plan sponsors with restated preapproved plan documents that were part of the latest Internal Revenue Service (IRS) 6-year remedial amendment cycle can benefit from some of the lessons learned by other sponsors that have completed the defined contribution (DC) cycle.

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Pensions

U.S. Pension Fund Assets Grew by 12.7% in 2017, Says New Study

Global institutional pension fund assets in the 22 major markets grew to $41.3 trillion at year-end 2017, according to latest figures in the Thinking Ahead Institute’s Global Pension Assets Study, representing the highest figure since the report began in 1997.

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pension

Study: Defined Benefit Plans Funded Ratio Increased Moderately in 2017

Strong market returns and larger-than-expected employer contributions shored up the funded status of the United States’ largest corporate pension plans modestly at the end of 2017, compared with the end of 2016, according to an analysis released January 2 by consulting firm Willis Towers Watson.

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Defined benefit retirement plan

Multiemployer Pension Plan Funding Nears Peak Since 2008 Crash, Study Says

Multiemployer retirement plans’ funding in the first half of 2017 neared its best position since the market collapse of 2008, according to a new study by the actuarial consulting firm Milliman. But despite an average funded percentage of 81%, these plans still face significant pressures, with many on track to require assistance in the future […]

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Defined benefit retirement plan

New IRS Mortality Tables for 2018 Bring Host of Concerns for DB Plan Sponsors

The new mortality tables required for use by final regulations released on October 5 by the Internal Revenue Service (IRS) were expected, but bring into sharper focus a host of concerns for the single-employer defined benefit (DB) retirement plans that must eventually incorporate them.

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Defined benefit retirement plan

DB Plan Sponsors’ Interest in Pension Risk Transfer Accelerating

Interest in transferring pension risk off their balance sheets and on to insurance companies appear to be accelerating among U.S. defined benefit (DB) retirement plan sponsors, according to a recent poll conducted by insurer MetLife. The poll’s results lead MetLife to predict 2017 will be “another very robust year of [pension risk transfer] market activity.”

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