Archive for Public Sector Plans
At the 2015 White House Conference on Aging, the President directed the Department of Labor to publish guidance to support the efforts of a growing number of states trying to promote broader access to workplace retirement saving opportunities for America’s middle class workers. The Employee Benefits Security Administration (EBSA) published in the Federal Register a […]
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Leave a Comment (0) →By William B. (Flick) Fornia and Nari Rhee National Institute on Retirement Security (NIRS) Editor’s note: Benefit generosity is a separate question from the economic efficiency of a retirement plan. While either a defined benefit or a defined contribution plan can offer more or less generous benefits, DB plans have a clear cost advantage for any […]
Read more →A White Paper Abstract Prepared for the National Association of Government Defined Contribution Administrators (NAGDCA) by Kevin Seibert, CFP®, CEBS, CRC®, Managing Director, InFRE and Betty Meredith, CFA, CFP®, CRC®, Director of Education, and Research, InFRE Introduction There is convincing evidence that millions of Americans are not prepared for, or even aware of, what is […]
Read more →By Paula Sanford, Center for State and Local Government Excellence Editor’s note: The following is an excerpt from the full Issue Brief published in March, 2014 by the Center for State and Local Government Excellence, which can be found here in its entirety. Introduction Public retirement plans have undergone significant reforms that require changes in […]
Read more →By Chuck Yanikoski, Founder and President of StillRiver Retirement Planning Software, Inc. Editor’s note: There were an estimated 3.7 million full-time equivalent elementary and secondary schoolteachers in the United States as of the fall of 2011. About three quarters of these teachers are female. In this article, Chuck Yanikoski of Still River Retirement Planning Software, […]
Read more →State and local government pension benefits are paid not from general operating revenues, but from trust funds to which public retirees and their employers contributed while they were working. On a nationwide basis, pension contributions made by state and local governments account for roughly three percent of total spending (see Figure 1). Current pension spending […]
Read more →Editor’s note: also see this issue’s other article on retirement income options in employer-sponsored defined contribution plans In-plan guaranteed income solutions can help defined contribution (DC) plan participants mitigate their longevity risk. Yet because the available solutions can differ on several dimensions, they are hard to compare. We hear statements such as “XYZ is illiquid, […]
Read more →Authors: Paula Sanford and Joshua M. Franzel Editor’s note: InFRE was a reviewer for this joint research paper of the Arthur N. Caple Foundation and the National Association of Government Defined Contribution Administrators conducted by the Center for State and Local Government Excellence. This is an excerpt from the complete report. The role of defined […]
Read more →By Illana Boivie, National Institute on Retirement Security Editor’s note: The work of the National Institute for Retirement Security (NIRS) strikes a cord with me, being a CFA and having managed pension and other investment portfolios in a previous life. For retirement security, a majority of a middle-income individual’s income needs to derive from lifetime […]
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Leave a Comment (0) →By the National Association for Government Defined Contribution Administrators (NAGDCA) Publications Committee and Executive Board The following provides a brief overview of the features and rules applicable to governmental 457(b) plans. It is meant to serve as an introductory foundation to the inner workings of these plans and it may serve as a useful tool […]
Read more →Editor’s note: the following is an excerpt from the white paper “The Secure Choice Pension” by Hank Kim, Esq., Executive Director of the National Conference on Public Employee Retirement Systems, published in September, 2011. The views presented in this paper are not necessarily the views of InFRE but are presented here to help retirement counselors […]
Read more →By Betty Meredith, CFA®, CFP®, CRC® In this ever changing environment – particularly legislative and regulatory changes – there are many challenges that state and local government employers face. This results in an increased need for education and training on the design and administration of primary and supplemental retirement benefits. At the same time, employer budgets […]
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Posted in: Public Sector Plans, The InFRE Update
Leave a Comment (0) →By Annamaria Lusardi and Olivia S. Mitchell Editor’s note: This excerpt is from an in-depth study of financial literacy around the world (access the entire study here), and its determination of retirement preparedness. InFRE has long held this to be the case, and therefore created the RetirAwareness Quiz (RAQ) for use with employees and clients […]
Read more →Over 15% of all CRC® Certificants are from the public sector defined benefit and defined contribution communities. The Certified Retirement Counselor Certification® exam tests knowledge of developing and delivering effective education programs that increase the retirement preparedness of American workers. This article provides a look inside what leading public sector retirement plans are doing today […]
Read more →Tags: Betty Meredith, public sector retirement plans
Posted in: Public Sector Plans
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