Tag: Pension


EBSA Clarifies Obligations to Missing Retirement Plan Participants

January 20, 2021


The new guidance “reflects our ongoing commitment to help plan fiduciaries ensure that their plan participants and beneficiaries receive the retirement benefits that they worked so hard to earn,” said Jeanne Klinefelter Wilson, principal deputy assistant secretary of labor for […]

Research, Software

Pension Buyout Transactions Soared to Highest Levels in 30+ Years

July 12, 2019

Via: HR Hero

Total sales of U.S. single-premium defined benefit (DB) pension buyout products soared above $4.7 billion in the first quarter, the highest pension risk transfer (PRT) sales in that period in more than 30 years, according to data from the LIMRA […]

Research, Software

Lifetime Income: The Pension of the 21st Century

January 10, 2018

Via: Workforce

United Technologies Corp. said it has the pension for the 21st century built into its 401(k) plan. It’s called lifetime income, and United is one of the few companies that automatically enrolls workers into the option. About five years ago, […]