Tag: pension plans

Creative abstract money savings sketch on modern laptop monitor, accumulation and growth of money concept. 3D Rendering

Abstract As state and local policymakers enact benefit cuts to reduce the cost of their pension systems, the life-cycle model suggests that workers will adjust by saving more on their own. But, whether workers actually respond to pension characteristics remains an open question. After all, income received far in the future may not be salient…

Businesspeople on blue arrows going in opposite directions

Telling fiduciaries of private plans to steer clear, but Board of TSP to avoid Chinese stocks. Candidly, I’m confused by our Department of Labor (DOL).  On June 23 the DOL released a strongly worded rule for private pensions covered by the Employee Retirement Income Security Act of 1974 (ERISA) saying that: “It is unlawful for…