Pensions
JPM: Reopen Corporate DB Plans or Stop Closing and Freezing Them
Sponsors no longer need to block new workers from defined benefit pensions, as the programs are an advantage, says a study.
Tag: Defined Contribution Plan
Manager Selection
Summary Judgement Favors Goldman Sachs in ERISA Lawsuit
A federal judge rules that Goldman Sachs did not violate ERISA by offering proprietary mutual funds as options for its retirement plans.
Risk
What Public Pensions Can Learn From Puerto Rico’s Bankruptcy Crisis
Puerto Rico ERS’ collapse could have been avoided, an industry expert says.
Asset Management Culture
Pennsylvania SERS Waives Minimum Required Payments from DC Plan
Permitted under the CARES Act, the provision allows portfolios to recover from stock market downturns.
Newsmakers
BMW to Freeze US Pension Program, Shunt Workers into DC Plan
Decision to shift American workforce into a defined contribution plan comes amid dropping earnings at the carmaker.
Smaller DC Pensions Struggle to Demonstrate Value
Survey finds size matters regarding defined contribution plan governance.