March 2014 Archive

October Three Selected as U.S. Member Firm to Abelica Global

March 12, 2014

Abelica Global, an organization of leading independent, international consulting firms, announced that they have added October Three as the US member firm. Adding October Three allows Abelica Global to further reinforce the resources and expertise available to international employee benefits clients. Download

Expanding retirement savings opportunities

March 06, 2014

January saw three different initiatives aimed at expanding the retirement savings of US workers. Senator Collins's (R-ME) Retirement Security Act of 2014 (RSA 2014) and the Administration's myRA proposal were relatively modest. The other initiative – Senator Harkin's (D-IA) long-awaited USA Retirement Funds (USARF) proposal – is much more ambitious. These proposals reflect dissatisfaction with the ‘adequacy’ of the current system. In this article we want to review the issues these reformers are raising and the challenges to reform confronting them. We begin by identifying the fundamental problem: inadequate retirement savings. Read More

Senator Harkin’s USA Retirement Funds proposal

March 04, 2014

On January 30, 2014 Senator Harkin (D-IA) introduced the USA Retirement Funds Act. The bill includes Senator Harkin's USA Retirement Funds proposal and a variety of other proposals. To avoid confusion, in this article we are going to call the entire bill the "Act" and the USA Retirement Funds proposal the USARF. In this article we focus on two of the major parts of the Act: the USARF itself and provisions on hybrid plans; we summarize briefly other provisions of the Act. Read More

February 2014 Pension Finance Update

March 03, 2014

After a weak January, pension sponsors enjoyed a modest recovery in funded status during February, with both ‘model’ plans we track seeing asset gains outpace liability growth. Despite the improvement, sponsors remain behind so far in 2014: our traditional ‘Plan A’ improved 2% last month but is down 3% for the year, while ‘Plan B’ gained 1% during February but is still down 1% for 2014. Download Download

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