After the Republican-controlled Florida legislature voted in June 2000 to introduce a defined contribution plan for the state’s 660,000 workers, surveys suggested that about half of them would shift ...
What are the responsibilities of the Retirement Plan Committee? The Defined Contribution Retirement Plan Committee assists with guidance and oversight of the investment options offered through ...
For years, industry experts have been predicting a wholesale shift away from defined benefit health insurance plans to defined contribution. The reality, however, has been more complicated and nuanced ...
The IRC permits two types of tax qualified plans: defined contribution plans, and defined benefit plans. A defined contribution plan is characterized by two elements: 1) each participant has an ...
The Institute for Fiscal Studies' report revealed more than four in ten of those in their 50s and early 60s with defined contribution pension pots had "no idea how to access their savings". The IFS ...
We are entering the home stretch of a memorable year. While benefits litigation may not be the first thing that comes to mind, it has been a very busy year for ERISA class actions, particularly for ...
A majority of corporate defined contribution plans expect to boost real asset allocations in the next two years, according to a global survey released by Aviva Investors on Jan. 29. As defined ...
The government must prioritise raising the default minimum level of contributions to defined contribution pension schemes, according to retail investment firm Tillit. The company is the latest to ...