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 ...

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 ...

For decades, workers could count on their employers to continue sending them checks even after they retired. A traditional ...

Data from the Bureau of Labor Statistics indicate that just 15% of private industry employees have access to a pension, also known as a defined benefit plan. Employers began moving away from these ...

Ask successful small-business owners if they are happy with their annual IRS tax bills and most will moan and groan. That was the case with Bob Johnson, founder and CEO of Johnson Insurance & ...

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 ...

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 ...

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 ...

Pittsburgh, PA, April 15, 2025 (GLOBE NEWSWIRE) -- GBU Financial Life (GBU Life) has introduced the Defined Benefit Annuity Retirement Security Solution, a groundbreaking approach to retirement ...

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 ...

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.