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Public Pension Funding Ratios Increased in 2022, NCPERS Study Finds
Headline: Public Pension Funding Ratios Increased in 2022, NCPERS Study Finds
Publication: Business Wire
Article Date: February 07, 2023
Public pension funds’ average funding ratio increased to 77.8% in 2022, with the majority of pensions’ revenue (68%) coming from investment returns, according to an annual study by the National Conference on Public Employee Retirement Systems (NCPERS). Read More…
Industry wild about government match for low earners
Headline: Industry wild about government match for low earners
Publication: Pensions & Investments
Article Date: January 16, 2023
As part of the Secure 2.0 Act low- and middle-income workers who contribute to a workplace retirement savings plan or individual retirement account will be eligible for a 50% match on up to $2,000 courtesy of the federal government. Read More…
San Diego must pay $75M upfront plus $11M a year through 2042 to unwind failed Proposition B pension cuts
Headline: San Diego must pay $75M upfront plus $11M a year through 2042 to unwind failed Proposition B pension cuts
Publication: San Diego Tribune
Article Date: January 13, 2023
San Diego must pay $75 million upfront and $11 million each year for the next two decades as penalties for its unsuccessful attempt a decade ago to eliminate pensions for most city workers. Read More…
8 Ways SECURE 2.0 Will Enhance Retirement
Headline: 8 Ways SECURE 2.0 Will Enhance Retirement
Publication: 401kSpecialist
Article Date: December 30, 2022
Transamerica Institute and Transamerica Center for Retirement Studies highlights the top ways new legislation will improve and expand upon retirement security. Read More…
Industry to Congress: Pass SECURE 2.0 Already!
Headline: Industry to Congress: Pass SECURE 2.0 Already!
Publication: 401kSpecialist
Article Date: November 17, 2022
Retirement industry leaders urgently trying to push the bipartisan retirement reform bill bandwagon over the finish line during the lame-duck session. Read More…