PBGC Releases Latest Projections

PBGC Releases Latest Projections

The Pension Benefit Guaranty Corporation (PBGC) released its fiscal 2018 projections report in August 2019. The PBGC operates insurance programs for Single-Employer and Multiemployer pension plans ...

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New GASB Exposure Draft Would Alter 457 Plan Reporting

New GASB Exposure Draft Would Alter 457 Plan Reporting

The Governmental Accounting Standards Boards (GASB) released a new exposure draft in June 2019 entitled “Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a ...

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New SOA Mortality Tables for Private Sector Retirement Plans

New SOA Mortality Tables for Private Sector Retirement Plans

Last month (May 2019), the Society of Actuaries (SOA) released an exposure draft of the Pri-2012 Mortality Tables for private-sector retirement plans. These new tables are based on data collected for ...

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U.S. House Passes Retirement Legislation

U.S. House Passes Retirement Legislation

On May 23, the U.S. House of Representatives passed a bill that would directly impact retirement benefits across the nation. The bill, entitled the Setting Every Community Up for Retirement ...

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IRS Announces Updates to 2019 Retirement Plan Limits

IRS Announces Updates to 2019 Retirement Plan Limits

Each year the IRS provides cost-of-living adjustments to benefit plan limits to assist sponsors in administering their plans. On November 1, the IRS released Notice 2018-83, which provided 2019 ...

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SOA Releases Mortality Improvement Scale MP-2018

SOA Releases Mortality Improvement Scale MP-2018

When the Society of Actuaries (SOA) released the RP-2014 mortality table in 2014, they included mortality improvement scale MP-2014. The purpose of this scale is to reflect mortality improvement into ...

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Foster & Foster Reviews Exposure Draft of Pub-2010 Public Retirement Plans Mortality Tables Report

Foster & Foster Reviews Exposure Draft of Pub-2010 Public Retirement Plans Mortality Tables Report

As mentioned in our August 28th Retirement Blog, an exposure draft of mortality tables based on public retirement plan experience has been released by the Society of Actuaries and the Retirement ...

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Executive Order to Strengthen Retirement Security

Executive Order to Strengthen Retirement Security

On August 31, 2018, President Trump released an Executive Order on “Strengthening Retirement Security in America.” You can see the text here. The Order outlines the issue of low workplace ...

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Draft Mortality Tables for Public Retirement Plans Released

Draft Mortality Tables for Public Retirement Plans Released

The Society of Actuaries has released an exposure draft for their public retirement plan mortality study. This study focuses exclusively on the mortality experience of public retirement plans, in ...

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Society of Actuaries Releases Study of Public Pension Mortality Assumptions

Society of Actuaries Releases Study of Public Pension Mortality Assumptions

On June 26, 2018, the Society of Actuaries (SOA) released a study of the mortality assumptions used for funding purposes by state-based and large-city public pension plans.  The study includes ...

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