Retirement Update – January 2020

Retirement Update – January 2020

Monthly Retirement Update Retirement Update – January 2020 Key Takeaways: Discount rates were quiet in December, ending the month up slightly from November, but still much, much lower than they were at the end of 2018.  Equity markets posted a solid month to...
Retirement Update – January 2020

Retirement Update – December 2019

Monthly Retirement Update Retirement Update – December 2019 Key Takeaways: Discount rates were little changed over the past month – again Equity returns continued to be strong, especially US equity Funding levels over the last two months have continued to...
New Mortality Tables Released – What it Means for Plan Sponsors

New Mortality Tables Released – What it Means for Plan Sponsors

Quick overview – what’s new The Society of Actuaries (SOA) published new mortality base tables and a new mortality improvement scale in late October. These new releases are likely to result in relatively small changes to plan sponsor income statements and balance...
Retirement Update – January 2020

Retirement Update – November 2019

Monthly Retirement Update Key Takeaways: Discount rates were little changed over the past month. Equity returns, especially international and emerging market returns, had noticeable gains. October funding levels most likely modestly improved as assets outpaced...
Improving Expected Returns: Corporate Defined Benefit Plans

Improving Expected Returns: Corporate Defined Benefit Plans

Many corporate defined benefit pension plans utilize interest rate derivatives and/or Treasury STRIPS to manage interest rate risk. They also typically have large allocations to active fixed income managers as part of their liability-matching bond portfolios....
PBGC Premium Increases Continue – How Sponsors Can Fight Back

PBGC Premium Increases Continue – How Sponsors Can Fight Back

The Pension Benefit Guaranty Corporation (PBGC) has announced the2020 Plan Year premium rates. This announcement reminds plan sponsors that providing the same pension benefits continues to be more and more expensive, especially if they maintain underfunded...