December 2014 Archive

ERISA Advisory Committee on Outsourcing Employee Benefit Plan Services

December 15, 2014

On November 4, 2014 the ERISA Advisory Council (EAC) presented its recommendations on two retirement issues it studied in 2014: Facilitating Lifetime Plan Participation and Outsourcing Employee Benefit Plan Services. In this article we very briefly review and evaluate its findings and recommendations with respect to Outsourcing Employee Benefit Plan Services. Read More

2014 review of defined benefit plan issues

December 18, 2014

In 2014 there were several major DB policy developments, including a significant extension of MAP-21 funding relief, new mortality tables and the finalization of the hybrid plan regulations on ‘market rate of return.’ In addition, the year-end federal spending deal included ERISA section 4062(e) legislation. In this article we review these developments, beginning with the legislation Congress just passed. Read More

2014 review of defined contribution plan issues

December 17, 2014

In this article we review retirement policy developments in 2014 that affected defined contribution plans. We include discussions of proposals to expand coverage and for fundamental tax reform, both of which, while not limited to DC plans, do focus generally on them. Read More

ERISA Advisory Committee on Lifetime Plan Participation

December 15, 2014

On November 4, 2014 the ERISA Advisory Council (EAC) presented its recommendations on two retirement issues it studied in 2014: Facilitating Lifetime Plan Participation and Outsourcing Employee Benefit Plan Services. In this article we discuss the EAC recommendations on "lifetime plan participation" and how they may play out in regulatory or sponsor initiatives. Read More

Paul Harrietha assumes the chairmanship of Abelica Global

December 02, 2014

The Council of Abelica Global, a leading worldwide network of independent actuarial consulting firms, is pleased to announce the appointment of Paul Harrietha as Chairman effective November 1, 2014. Harrietha is currently a Principal and Head of the Communications & Change Management Practice at Eckler Ltd., Canada’s largest independently owned actuarial consulting firm. Download

PBGC’s 2014 Annual Report

December 02, 2014

On November 17, 2014, the PBGC released its FY 2014 Annual Report. PBGC's annual reports have in recent years, to some degree, become lobbying instruments, highlighting PBGC's deficit and arguing for changes in PBGC's premium structure. In this article we review key data in the 2014 Annual Report describing PBGC's financial position and consider their implications for future policy initiatives. Read More

November 2014 Pension Finance Update

December 01, 2014

November was another break-even month for pension finances, as asset growth was matched by liability growth. Both model plans we track were flat again last month. For the year, our model Plan A remains down 5%, and model Plan B is off 2%. Download

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