US Archives - Page 34 of 175 - Pension Policy International

08FebFebruary 8, 2024

US. Shell Closes $4.9B Pension Risk Transfer With Prudential

Prudential Financial Inc. announced on Wednesday it had closed a $4.9 billion pension risk transfer deal with Shell USA Inc. The transaction would be the first major pension risk transfer in the U.S. this year, following record years for the pension risk transfer market in 2022 and 2023. “Prudential is honored to help continue meeting the retirement security needs of Shell’s retirees,” said Alexandra Hyten, head of institutional retirement strategies at Prudential, in a statement. “We are confident that our commitment...

February 8, 2024

News2024, Defined Benefit, Occupational Pensions, Pension Management, Risk, US

02FebFebruary 2, 2024

US. Public Pensions Are Mixing Risky Investments with Unrealistic Predictions

More than 20 million Americans are covered by state and local government pensions. Unlike the 401(k) plans found in the private sector, these “defined benefit” plans promise to pay retirees a set amount of money every month for the rest of their lives. For most public workers, these generous programs are a cornerstone of their financial security; for many, they’re one of the main attractions of government jobs. Yet the plans, by their own reckoning, are underfunded to the tune...

February 2, 2024

NewsFunding, Pension Management, Public Pensions, US

30JanJanuary 30, 2024

US. What’s the average 401(k) balance by age?

The amount of money you’ll need to retire comfortably depends on several factors, such as where you plan to live and how much you plan to spend. But experts say it’s important to save for the future now — especially because one of the main advantages of 401(k) workplace retirement plans is that your money benefits from compound returns, growing via the financial markets over time. “The sooner 401(k) participants start to save, the more realistic their retirement goals will...

January 30, 2024

Newssavings, US

26JanJanuary 26, 2024

Public Pension Funding Index January 2024

By Rebecca A. Sielman & Richard L. Gordon Two consecutive months of positive market performance in November and December 2023 pushed the funded status of the 100 largest U.S. public pension plans to its highest point of 2023. The plans’ estimated funded status increased from 72.4% as of October 31, 2023, to 75.9% as of November 30, 2023, and further increased to 78.2% as of December 31, 2023, as measured by the Milliman 100 Public Pension Funding Index (PPFI). Get the...

January 26, 2024

Books, Books, Reports, System Characterization2024, Funding, Public Pensions, US

26JanJanuary 26, 2024

Funding ratio of largest U.S. public pension plans hits 78.2% at year-end – Milliman

The overall estimated funding ratio of the 100 largest U.S. public pension plans reached 78.2% at the end of December, the highest level of 2023, according to the Milliman 100 Public Pension Funding index. After three straight months of declines due to negative market returns in August through October, the estimated ratio rose for the second straight month in December. As of Nov. 30, the estimated ratio has risen to 75.9% from 72.4% at the end of October. The late-year rally...

January 26, 2024

NewsFunding, Public Pensions, US

25JanJanuary 25, 2024

Estados Unidos se prepara para un año de jubilaciones récord ¿Qué aconsejan los expertos?

El 2024 será un año récord en materia de jubilación en Estados Unidos, cuando en promedio 11,000 estadounidenses al día lleguen a los 65 años de edad hasta diciembre. Según un informe de la Alianza para la Renta Vitalicia, aproximadamente 4.1 millones de estadounidenses alcanzarán la edad de jubilación este año y se mantendrá esta tendencia hasta el 2027, constituyendo la mayor oleada de ciudadanos en edad de retiro en la historia del país. Este fenómeno, descrito por especialistas como el “pico...

January 25, 2024

NoticiasMercado Laboral, US

25JanJanuary 25, 2024

Money managers divided over Chinese equities

Global money managers are split as to whether buy signals are flashing for China stocks right now, even as they agree the equity market does look cheap. The gap between Chinese company market capitalizations and the U.S. stock market was $42.5 trillion as of market close Jan. 23, based on Pensions & Investments' calculations using Bloomberg data. Bloomberg reported Jan. 23 that Chinese stocks have lost more than $6.3 trillion in value from a February 2021 peak, vs. a $5.3 trillion...

January 25, 2024

NewsChina, Investment, Pension Management, US

24JanJanuary 24, 2024

US. IRS Announces Modest Changes To Retirement Plan Contribution Limits

In response to the current inflationary environment, the Internal Revenue Service announced a modest increase in the maximum contribution limits for 401(k)s and Individual Retirement Accounts for 2024. This year, 401(k) savers can contribute a maximum of $23,000, marking an increase of over 2% from the $22,500 limit set for 2023. The new contribution limit, effective from January 1, 2024, applies to 401(k) plans, along with 403(b) plans, most 457 plans, and the Thrift Savings Plan for federal employees. Despite being less...

January 24, 2024

Newssavings, US

24JanJanuary 24, 2024

U.S. insurers willing to take on more risk in 2024 — survey

U.S. insurers are willing to take on more risk in 2024 with their outsourced investment management, with more than half expecting to allocate at least 20% to private assets in the next two years, according to a new survey from Conning. In Conning's third annual survey conducted with more than 300 insurance executives in November, 62% of respondents said their risk tolerance will increase in 2024 (down from 64% that replied that for 2023) despite concerns about inflation, volatility, fiscal...

January 24, 2024

NewsRisk, US

23JanJanuary 23, 2024

US. ‘Too few’ public pension funds address climate in proxy voting — report

"Too few" public pension funds are addressing climate-related financial risk when it comes to proxy voting, according to a report released Jan. 23 by nonprofit organizations Sierra Club, Stand.earth and Stop the Money Pipeline. The report, "The Hidden Risk in State Pensions: Analyzing State Pensions' Responses to the Climate Crisis in Proxy Voting," looked at 24 public pension funds with a collective $2 trillion in assets, including the $241.7 billion New York City Retirement Systems and state pension funds in California,...

January 23, 2024

NewsClimate crisis, Pension Management, US

February 2024

January 2024