Defined Benefit (DB) Plans

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Pensions in an Era of Longer Working Lives
Tim Hennessy
 

As more employees work past traditional retirement age, pension and benefit systems are colliding with assumptions built for a workforce that no longer exists—the result is a growing disconnect between modern economic realities and retirement rules rooted in policy decisions made nearly a century ago.

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Freezing the Frame: Supreme Court Withdrawal Liability Case to Address Timing of Actuarial Assumptions
Guest Contributor
 

In the first withdrawal liability case to reach the Supreme Court in more than three decades, the Court will consider a statutory question, whose answer will determine pension plans have the flexibility to update actuarial assumptions after year end.

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2025 Employee Benefits Reporting and Disclosure Calendars
Jenny Gartman, CEBS
 

Plan sponsors and administrators are encouraged to reference these comprehensive calendars to stay on track in 2025. Health and Welfare Plans Retirement Plans Defined Contribution Plans Defined Benefit Plans If you thought this information was helpful, and you’re an International Foundation or […]

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The Multiemployer Retirement Plan Landscape Report: DB Key Findings
Cathe Gooding, CEBS
 

The overall health of multiemployer defined benefit (DB) retirement plans improved from 2020 to 2021. The average multiemployer DB plan net investment return for 2021 was 14.5%, up from 2020 (11.4%), according to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2007-2021) recently […]

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The Multiemployer Retirement Plan Landscape: DB Takeaways
Justin Held, CEBS
 

According to recent data from Horizon Actuarial Services, LLC and the International Foundation of Employee Benefit Plans, the fifteen-year period between 2006 and 2020 was turbulent for multiemployer defined benefit (DB) pension plans. Financial markets were volatile, and 2008 saw the biggest […]

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Educating DC Plan Participants for the Long Hike to Retirement
Kathy Bergstrom, CEBS
 

Many years ago, I visited Grand Canyon National Park with my mom and aunt. It was unseasonably hot, but I wanted to walk down into the canyon on the Bright Angel Trail. My companions were not up for the hike, so I […]

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Missing Participants: Help From SECURE 2.0 and the Latest Best Practices  
Guest Contributor
 

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analyses on the latest benefit trends and compliance issues. Foundation members can visit ifebp.org/benefitsmagazine to view the full bimonthly print edition of the […]

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Decumulation Challenges and Solutions for Plan Members: Three Takeaways
Amanda Wilke, CEBS
 

Decumulation, the concept of income for life, can be considered “the nastiest, hardest problem in finance,” according to William Sharpe, a Nobel prize winner in Economics. The concept is challenging because the uncertainty of someone’s lifespan makes it difficult to know what […]

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How SFA Rules Impact Annual Funding Notice Requirements
Jenny Gartman, CEBS
 

The American Rescue Plan Act (ARPA) of 2021 authorized special financial assistance (SFA) through the Pension Benefit Guaranty Corporation (PBGC) to eligible severely underfunded multiemployer plans. ARPA added section 4262 to Title IV of the Employee Retirement Income Security Act (ERISA). The multiemployer plans […]

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