Pennsylvania State Senator Mike Regan (R-Cumberland & York counties) re-introduced legislation Senate Bill 669 to allow certain police officers to purchase up to five years of pension service credit for … Continued
We now have another showdown between vastly different multiemployer relief proposals. Recently, Representative Richard Neal (D-MA) introduced the Emergency Pension Plan Relief Act of 2021 (EPPRA). This is similar to … Continued
The federal Pension Benefit Guaranty Corporation (PBGC) paid out more than $18.111 million to 4,580 Arkansas retirees in failed pension plans in 2017. The payments came despite fears that rising … Continued
The Retirement Plans Experience Committee (RPEC) of the Society of Actuaries recently released mortality improvement table MP-2017, an updated version of their MP series of mortality improvement tables. The update … Continued
On October 3, 2017, the IRS released Notice 2017-60, which summarizes rules provided in regulations to be released October 5, 2017 in regard to 2018 mortality and mortality improvement tables … Continued
PENSION DE-RISKING: A PRIMER FOR GOVERNMENTAL SPONSORS By: Robert W. Hazy, EA, FCA, MAAA, Senior Consultant and Actuary, Cowden Associates, Inc. Pension plans are a risky venture – and the … Continued