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On February 15, 2023, changes to Actuarial Standard of Practice (ASOP) No. 4 will be effective, and defined benefit plans will need to comply with these new rules in all actuarial...
Despite the recession and subsequent loss of assets value, pensions plans continued to pay out over a trillion dollars in benefits to stakeholders over the recessionary era.
/PRNewswire/ -- A new report finds that state and local government retirement systems on the whole successfully navigated the 2007 to 2009 Global Financial...
A spike in POB issuance last year that was spurred by low interest rates, roaring stock markets, and other factors is likely to wane.
Many terminated or furloughed employees have taken early retirement, curtailing contributions and raising payout obligations. Reported by “The Impact of COVID-19 on Retirement Plans,” a webinar hosted by the American Academy of Actuaries Pension Practice Council, explored how the coronavirus pandemic has affected various types of pension plans. Linda Stone, senior pension fellow, American Academy of Actuaries, said, “Equity markets have recovered following a significant downturn during the first quarter of 2020. Year-to-date through November 30, U.S. equities have returned 15%. However,...