US Archives - Page 36 of 175 - Pension Policy International

10JanJanuary 10, 2024

U.S. centenarian population is projected to quadruple over the next 30 years

The number of Americans ages 100 and older is projected to more than quadruple over the next three decades, from an estimated 101,000 in 2024 to about 422,000 in 2054, according to projections from the U.S. Census Bureau. Centenarians currently make up just 0.03% of the overall U.S. population, and they are expected to reach 0.1% in 2054. The number of centenarians in the United States has steadily ticked up since 1950, when the Census Bureau estimates there were just...

January 10, 2024

NewsAging, US

10JanJanuary 10, 2024

UK. Morningstar expects up to 300 funds to opt for sustainability label

Up to 300 funds are expected to assign themselves a sustainability label this year, as part of new rules from the UK’s financial regulator. In November, the Financial Conduct Authority (FCA) unveiled a labelling regime for investment products wishing to market themselves as considering environmental and social issues. It identifies four legitimate approaches, including targeting real-world impact and supporting companies that are transitioning to more sustainable practices. A report published today by research house Morningstar predicts that “about 300 UK open-...

January 10, 2024

NewsPension design, Pension Payout, US

10JanJanuary 10, 2024

Why Retirement Gets Better With Annuities

Everyone aspires to have a steady source of income after retirement that replaces as much as possible of their pre-retirement earning. But for many people, one big challenge in saving for that goal is to find the right financial product that accommodates their specific requirements, such as when they want to retire or how much more they need over and above their Social Security benefits. A new research paper by experts at Wharton and elsewhere solves that challenge with a...

January 10, 2024

NewsPension design, Pension Payout, US

09JanJanuary 9, 2024

U.S. pension risk transfer sales increased 39% in Q3 2023: report

U.S. pension risk transfer sales increased by 39 per cent during the third quarter of 2023, according to a report by LIMRA. It found single premium buyout sales were US$8.1 billion, 69 per cent lower than this time last year. Year-to-date, buyout sales fell 30 per cent to $28.9 billion compared to 2022. There were 203 buyout contracts in the quarter, a 40 per cent year-over-year increase, and year to date, there were 483 buyout contracts completed, more than double...

January 9, 2024

NewsPension Management, Risk, US

09JanJanuary 9, 2024

3M to freeze U.S. pension plans

3M Co., St. Paul, Minn., will freeze its U.S. pension plans for nonunion employees at the end of 2028. The company said pension-eligible nonunion employees will accrue benefits until Dec. 31, 2028, according to a Jan. 8 news release. 3M had closed its primary U.S. pension plan to new hires effective Jan. 1, 2009. The change will affect employees at both 3M and Solventum, the healthcare company that is expected to spin off from 3M in the first half of 2024. "This...

January 9, 2024

NewsDefined Benefit, Occupational Pensions, US

08JanJanuary 8, 2024

US. How the Gig Economy Is Reshaping Retirement Planning

As many as 50% of Americans have some sort of side gig, whether this is primarily how they make money, or in addition to a regular job. The gig economy, a phenomenon that may have emerged as a response to the high unemployment rates of the 2008-2009 recession, has become a part of American life, and it’s reshaping retirement. While these gigs offer workers more flexibility and variety, they may also come with some downsides, affecting how financially set people are for retirement. Some...

January 8, 2024

NewsInformal Sector, Retirement Planning, US

05JanJanuary 5, 2024

US. Expect familiar worries for 2024 as pension funds mull economy, interest rates

U.S. pension fund executives are taking a cautious approach to 2024, as they await the answer to how much the economy will slow and when and by how much the Federal Reserve may cut interest rates. While much remains unknown, they are seeking returns in places like fixed income and real estate, where they believe the greatest opportunities loom. There's also the matter of the upcoming U.S. presidential election. Christopher Ailman, chief investment officer of the $304.9 billion California State Teachers’ Retirement...

January 5, 2024

NewsInvestment, Pension Management, US

03JanJanuary 3, 2024

US. Largest U.S. corporate pension plans’ funding ratio hits 100% – WTW

The largest U.S. corporate pension plans' aggregate funding ratio reached 100% at the end of 2023, according to a new estimate from Willis Towers Watson. The analysis of pension plan data of 358 Fortune 1000 companies with defined benefit plans estimates the ratio increased from 98% at the end of 2022. WTW's estimated pension plan assets totaled $1.19 trillion as of Dec. 31, a decline of 1% from the previous year due to an active year in pension risk transfer transactions...

January 3, 2024

NewsFunding, Occupational Pensions, US

21DecDecember 21, 2023

US. Despite Concern from Lawmakers, US Pensions and Endowments Pour into China

American public pension funds and university endowments continue to invest billions in China, according to a report from Future Union, an advocacy organization. The “Rubicon Report” criticizes institutional investors and funds for financing what the organization calls adversarial states. According to data collected by Future Union, public pension funds in 43 U.S. states currently hold investments in China and Hong Kong, according to private and public databases as of June 30. Of the 74 largest pension funds, 29 have made...

December 21, 2023

News2023, China, Investment, US

21DecDecember 21, 2023

US. Social Security rule for beneficiaries who keep working is ‘poorly understood,’ report finds

Workers who turn 62 years old might be tempted to increase their income by claiming Social Security retirement benefits. But those claimants should understand that their Social Security benefits may be temporarily reduced due to the income they earn. That Social Security rule — the retirement earnings test — is "poorly understood by the public," finds a new report from the Social Security Advisory Board, a bipartisan, independent federal agency. Between 20% and 50% of pre-retirees do not know that their monthly benefits might be lowered if they...

December 21, 2023

News2023, Retirement Planning, Social Security, US

January 2024

U.S. centenarian population is projected to quadruple over the next 30 years

UK. Morningstar expects up to 300 funds to opt for sustainability label

Why Retirement Gets Better With Annuities

U.S. pension risk transfer sales increased 39% in Q3 2023: report

3M to freeze U.S. pension plans

US. How the Gig Economy Is Reshaping Retirement Planning

US. Expect familiar worries for 2024 as pension funds mull economy, interest rates

US. Largest U.S. corporate pension plans’ funding ratio hits 100% – WTW

December 2023

US. Despite Concern from Lawmakers, US Pensions and Endowments Pour into China