Funding Archives - Page 20 of 30 - Pension Policy International

01JanJanuary 1, 2021

Retirement Savings in Mena

By Gustavo Demarco Public pensions are important in MENA, but their role as institutional investors remains uncertain in view of the sustainability problems that pension schemes are facing due to the over generosity of their promises. In addition to the gradual loss of reserves, portfolios are not very diversified and this, in turn, reveals a low level of professional management probably com bined with an absence of autonomy in the asset allocation process. An exception to this rule is the...

January 1, 2021

Books, Savings2010, Funding, MENA, Pension Reform, Social Security

22DecDecember 22, 2020

Mexican President says the Maya train will pay for military pensions

Mexican President Andrés Manuel López Obrador said Sunday the army will run the Maya train project and several airports, and use any profits to finance military pensions. Read also Mexican Congress passes major reform to boost pensions The army is already overseeing construction on some parts of the controversial project, while private firms build the rest. But López Obrador said Sunday that “so there won’t be the temptation to privatize” the $6.8 billion project, the army will operate it once...

December 22, 2020

News, Slider2020, Funding, Mexico

16DecDecember 16, 2020

US. Stock Market Gains Help Pension Funding Levels: Pension and Group Annuity Update

Corporate bond interest rates fell a little in November, but the stock market did well, and that helped make the finances of big U.S. corporate pension plans look better, according to Milliman Inc. Zorast Wadia and Charles Clark, analysts at the Seattle-based actuarial consulting firm, found that the 100 large corporate pension plans they track reported a $272 billion combined deficit in November on $1.98 trillion in pension benefits obligations, compared with a $284 billion deficit on $1.915 trillion...

December 16, 2020

News, Slider2020, Funding, Investment, US

11DecDecember 11, 2020

US. 4 Public Pension Funding Strategies Besides Employer Contributions

Maybe it’s time for pension plans to explore other funding strategies aside from public employer contributions. Plan sponsors typically use the annual required contribution (ARC) or the actuarially determined employer contribution (ADEC) to meet public pension liabilities. But a number of states have found success experimenting with lesser-known methods. It could be useful for other public retirement programs to consider these strategies, according to a report released this week from the National Institute on Retirement Security. While resilient...

December 11, 2020

News, Slider2020, COVID-19, Funding, Public Pensions, US

03DecDecember 3, 2020

DB or not DB, what is the solution?

By Mark Daniel Mark Daniel takes us on a pensions journey, exploring various DB and DC plan designs and how these can help manage costs and possible risks. What a difference two years make. Boris Johnson is now the Prime Minister, Liverpool finally became Premier League Champions and, sadly (for me), Huddersfield Town are back down in football’s second tier. And then there is COVID-19. Who could have predicted any of the above? Admittedly, you didn’t need a...

December 3, 2020

Articles, Pension design, System Sustainability2020, Defined Benefit, Funding, Occupational Pensions, Public Pensions

11NovNovember 11, 2020

Funded Status of US Corporate Pensions Rises $21 Billion in October

The funded ratio of the 100 largest US corporate pension plans rose to 85.1% from 84.4% in October thanks to a third straight monthly increase in the discount rate, which helped boost the funded status of the plans by $21 billion, according to actuarial and consulting firm Milliman. The aggregate deficit of the plans, as tracked by the Milliman 100 Pension Funding Index (PFI), fell to $285 billion, which is its lowest level since March when it was $243...

November 11, 2020

News, Slider2020, COVID-19, Funding, US

11NovNovember 11, 2020

U.K. deficits worsen in October as COVID-19 resurgence bites

The total deficit of U.K. defined benefit funds covered by the Pension Protection Fund's 7800 index increased 1.3% in October, to £168.2 billion ($217.7 billion). The deficit was £166.1 billion at the end of September. Deficits also worsened for the year ended Oct. 31, from £74.3 billion, said an update Tuesday by the London-based PPF. The PPF is the lifeboat fund for the defined benefit plans of insolvent U.K. companies. The funding ratio of the corporate pension plans worsened...

November 11, 2020

News, Slider2020, COVID-19, Funding, UK

15OctOctober 15, 2020

2020 Global Retirement Index An in-depth assessment of welfare in retirement around the world

By NATIXIS With the world facing immediate issues resulting from the coronavirus pandemic and the economic consequences from the response of governments around the world, wildfires and other natural catastrophes triggered by changing weather and climate patterns, and heightened concerns about social justice and income inequality, the long-term goal of retirement security may not appear to be a top global concern in 2020. In reality, though, the crises we are experiencing today will have long-range implications for global retirement...

October 15, 2020

Adequacy, Books, Pension design, ReportsESG, Funding, Income, Public Policy

14OctOctober 14, 2020

U.K. corporate deficits worsen in September

Deficits also worsened for the year ended Sept. 30, from £117.6 billion, said an update Tuesday by the London-based PPF. The PPF is the lifeboat fund for the defined benefit plans of insolvent U.K. companies. The funding ratio of the corporate pension plans worsened to 91.4% as of Sept. 30, down from 92.6% as of Aug. 31. The funding ratio was 93.6% as of Sept. 30, 2019, the update said. Assets were up 0.94% during the month...

October 14, 2020

News, Slider2020, Europe, Funding, UK

09OctOctober 9, 2020

Pensions for State and Local Government Workers Not Covered by Social Security: Do Benefits Meet Federal Standards?

By Laura Quinby, Jean-Pierre Aubry, Alicia H. Munnell Federal law allows certain state and local governments to exclude employees from Social Security coverage if the employees are provided with a sufficiently generous pension. Approximately 6.5 million such workers were not covered by Social Security in 2018. Retirement systems for non-covered workers have become less generous in recent years, and a few plans could exhaust their trust funds within the next decade, putting beneficiaries at risk. This article examines data...

October 9, 2020

Articles, System Sustainability2020, Funding, Pension design, Public Pensions, State Pensions, US

January 2021

December 2020

Mexican President says the Maya train will pay for military pensions

US. Stock Market Gains Help Pension Funding Levels: Pension and Group Annuity Update

US. 4 Public Pension Funding Strategies Besides Employer Contributions

DB or not DB, what is the solution?

November 2020

Funded Status of US Corporate Pensions Rises $21 Billion in October

U.K. deficits worsen in October as COVID-19 resurgence bites

October 2020

2020 Global Retirement Index An in-depth assessment of welfare in retirement around the world

U.K. corporate deficits worsen in September

Pensions for State and Local Government Workers Not Covered by Social Security: Do Benefits Meet Federal Standards?