What Are the Features of a Defined Benefit Plan? A defined benefit plan guarantees retirement benefits for an employee. Some of the features include: Employer sponsored: The employer funds and manages ...

Pension risk transfers (PRT) allow employers to transfer their pension liabilities to insurance companies, typically through annuity contracts. This $45 billion market has become increasingly popular ...

A defined-benefit plan is an employer-sponsored retirement plan in which the benefits are determined by a company-specific formula. One notable aspect of a defined-benefit plan is that they are ...

Most SECURE 2.0 articles focus on the changes applicable to defined contribution plans, such as 401(k) plans, and rightly so, since those plans were the most impacted by the law. However, SECURE 2.0 ...

A client recently joked to me that he thought anyone who was willing to act as a pension trustee without getting paid for it should immediately be ruled out, as they obviously did not understand what ...

The SECURE Act 2.0, enacted in December 2022, made several updates to what must be included in annual funding notices (“AFN”) issued by defined benefit pension plans. For large plans (as defined below ...

Christopher Wright told the truth in his recent commentary when he wrote that not all public employees want a defined-benefit pension. Thanks to his contribution, I now know of one; but other than ...

This column has been modified to correct the amount of the required contribution for Janet's DB plan. Minimizing taxes isn’t always the best idea. Rich found this out the hard way. You may have heard ...

As Alaska faces one of its most difficult fiscal challenges in decades, a bill to radically expand Alaska’s retirement plan for government workers is winding its way through the Alaska State ...

Capital market uncertainty escalated in early April to levels not seen since the global financial crisis and the early months of the COVID pandemic in 2020. The result was a spike in the volatility ...

For employers participating in group defined benefit pension plans, and in relation to plan surpluses, the new UK generally accepted accounting principles for 2015 will have a significant effect.

The Federal Government (FG) and the Academic Staff Union of Universities (ASUU) have signed a new 2025 FGN-ASUU Agreement, ...