RETIREMENT NEWS  Spring 2023

April 17, 2023
*** The Doctor Won't See You Now ***
Resources for Tracking state and local Retirement initiatives
Do older adults accurately forecast their Social Security Benefits ?
NASRA : Public Pension Plan Investment Return Assumptions
Pensions funds report millions in losses amid Silicon Valley bank collapse
How deep is the rot in America's Banking Industry ?
Are higher Interest Rates a silver lining for Public Pension Funds ?
Actuarial impact of Secure 2.0 on single employer DB plans
DE - risking in 2023, part 1
Just 5 of Chicago's largest Public Pension Systems owe more Pension debt than the sum of 44 states
Social Security reserves projected to run out earlier than expected / Wall Street Journal
Pension Finance update March 2023
U.S. Corporate Pension Plans Funding Status, March 2023



March 23, 2023
PBGC  Bails out 2 Construction Pensions Funds
Three Special Reports from Chief Investment Officer below :
1. Will U.S. Pension plans ever get back to Full Funding ?
2. Are Definded Benefit Pension funds still useful Recruiting, Retention Tools ?
3. What is the Special Financial Assistance Program ?
Nevada : Equity - Rich Americans tap homes for Cash as Debt Spikes
1 New York, 2 Michigan Plans Receive PBGC Assistance
Three more Special Reports from PlanSponer below :
1. Define Benefits live on as Older, Wise neighbors, Where DC Plans can borrow ideas
2. Cash Balance Plans gains in Popularity
3. End of the Road for defined Benefit Plans ?
SECURE 2.0 challenges for Taft Hartley Multiemployer 401k Plan Administration
Pension Defrost : Is it time to Reopen DB Plans ?
March 13, 2023
Governance and Public Pension Returns / NCPERS
Milliman : Lastest Multiemployer Pension Funding Study on U.S. Multiemployer DB Plans
 * PBGC / Pension Insurer will pause Bailout Applications Amid Deluge
Corporate Pension Funds lobbied for a rule change
Public Pensions contend with falling markets and rising inflation
Retirement income, inflation, and retirement finance at 2022 year-end

MILLIMAN : PUBLIC PENSION FUNDING INDEX JANUARY 2023 $$$
MILLIMAN : PUBLIC PENSION FUNDED RATIO FELL TO 72.6% AT END OF 2022,
ERASING 2 YEARS OF INVESTMENT GAINS

The Grow Act / Giving Retirement Options to Workers Act  ( Rip off for Workers )
Private Debt : Entering a New Era

March 5, 2023
Biggest U.S. Corporate Pension Plans' funded status hits highest level since 2007
March 2, 2023
State Pension plans were hammered in 2022, Next year will be worst
Unfunded liabilities for state Pension Plans in 2022
Putting 2022 Public DB plan performance into perspective
What's next for bonds in 2023 after the worst year in History
Pension funds are sticking with bonds for the most part
Pimco is saddled with a $1.7 Billion default in Office market meltdown
JUDGE ORDERS EX-JAIL UNION BOSS TO BE FREED IN BRIBERY CASE
DOL reopens comment period for voluntary Fiduciary correction program changes
Chicago faces test to  reverse insolvency trajectory for its Pension Plans
Corporate DB Plan funded Status 2022 : What you need to Know
International Pension Plan Survey 2023
Milliman : Pension Buyout Index February 2023
$$$ Largest U.S. Retirement Plans 2023 $$$
Multiemployer Plans receiving SFA program assets face critical allocation choices
PBGC : Proposed interest rate asumptions for detering employer withdrawal Liability - word on benefits
Willis Towers Watson dives into U.S. market for pooled Employer Pooled Plans
Transportation, Sheet Metal, Service and Manufacturer Pensions receive PBGC assistance
End of the road for DB plans ? Not Quite





February 22, 2023
 American Views on Defined Contribution Plan Saving, 2022
PBGC approves $74 million in aid for 2 struggling Multiemployer Plans
P$I's 2023 1000 Largest Retirement Plans
$$$ DC balances sunk by 20% on average in 2022, Vanguard says $$$
Half of America stopped saving for Retirement last year amid soaring inflation
Announcing our 2023 healthcare policy and education priorities / Pan Foundation

February 1st, 2023
$$$ Home Page / American Rescue Plan Special Financial Assistance Program
The State of Pensions 2022 / year end update
7  Things surviving spouses need to know about Social security
Pension-Linked Emergency Saving Accounts :
Update in ERISA litigation involving breaches of Fiduciary duty claims
  PBGC  Approves SFA app. for Painters Local 466
  PBGC  Approves SFA app. for GCU-2C Plan / Graphic communications Union
  PBGC  Approves SFA app. for Detroit Newspaper Union Plan
  PBGC Approves SFA app. for Alaska Iron Workers Plan
  PBGC Approves SFA app. for Plasters Local 82 Fund
  PBGC Approves SFA app. for GCIU Local 119B Plan
  PBGC Approves SFA app. for Teamsters Local 641 Plan
Bakery Drivers Local 550 Pension Plan applys for SFA Funds
Why Public Pension Funds Portfolios May Deliver Unpleasant Surprises
Milliman : Pension Buyout Index January 2023
*** Final Rule Exception Process for Underfunded Multiemployer Plans seeking SFA from PGCB
       Important Read ***
Secure 2.0 impacts Defined Benefits Plans, Too - Tracking Changes
U.S. Pension Briefing - December 2022
DOL, PBGC announce Retirement Plan civil penalties foor 2022 and 2023
Hardship withdrawals are threatening Retirement Security

January 17, 2023
U.S. State pension plans Funding Status
Secure Act 2.0 Summary of changes to Retirement Plans
Pocket Guide to Secure 2.0
How to advise clients of the RMD age increase
How the Older Work Force and early Retirees fared during the Covid -19 Recession
Americans' 4 biggest Retirement Regrets and how to avoid them
DOL proposes changes to its voluntary Fiduciary correction program for 401k plans
Ubiquity's 2023 state of the industry survey
San Diego must pay $75 Million to unwind proposition B pension cuts

January 12, 2023
US Public Pension Plan topped $1Trillion in 2022, Equable says ( negative 6.14% returns for 2022)
Dec.2022 Pension Finance Update
SECURE 2.0  SUMMARY
The Mulitemployer Pension Plan Amendment Act's Evade or Avoid Provision
Congressional Research Service : Income for the Population aged 65 older
What to keep on your Radar for 2023
Teamsters Pension Bailout may not be Remedy Employers hoped for
*** Congress Opens the door for the Retirement Program of the Future
Interest rate Hikes present Challenge for Fully Funded Pension Plans
Best practices for applying for Special Financial Assistance Funds