Hybrid pension plans
Watch breaking news videos and read news updates about Hybrid Pension Plans on pionline.com
-
2 of 3 firms with DB plans to keep them open to new hires
More than two-thirds of U.S. corporations that offer a defined benefit plan to new employees say they are committed to continue offering the plan to new hires, according to a survey from Towers Watson.
-
St. John's retirement plan scouts for consultant, administrator
St. John's (Newfoundland) Employees Retirement Benefit Plan is searching for a consultant and a third-party administrator.
-
Virginia Assembly OKs hybrid retirement plan, contribution hikes
The Virginia General Assembly on Wednesday approved a pension reform package that creates a hybrid plan and increases employee contributions to the pension plans under the umbrella of the Virginia Retirement System.
-
Texas County & District Retirement commits $200 million
Texas County & District Retirement System committed $200 million to two private equity funds and one credit opportunity fund.
-
Rhode Island State Investment Commission narrows list to 2 for DC plan administrator
Rhode Island State Investment Commission named Great-West Life & Annuity Insurance and TIAA-CREF as finalists in its search for an administrator for the state's new defined contribution program.
-
CalPERS: California hybrid proposal would save little, increase risk
California Gov. Jerry Brown's proposal to implement a hybrid pension plan for new state and local employees would lead to insignificant savings for the state and in some cases, “cost increases for some plans may offset cost savings,” according to an actuarial cost analysis conducted by CalPERS ...
-
University of Missouri to introduce hybrid retirement planThe University of Missouri System will offer a hybrid retirement plan combining defined benefit and defined contribution components for employees hired starting Oct. 1, 2012.
-
Brown’s Rx for California pension woes: ‘Castor oil’
California Gov. Jerry Brown, likening his plan to curb public employee pension costs to swallowing “castor oil,” said his proposal is the one most likely to win approval from lawmakers.
-
Rhode Island legislators OK hybrid retirement plan
The Rhode Island General Assembly late Thursday passed sweeping pension reform legislation that would create a hybrid plan for members of the $7 billion Rhode Island Employees' Retirement System, Providence.
-
New Castle County closes its second defined benefit plan
New Castle County, Del., closed the second of the county's two public defined benefit plans to new employees, creating a hybrid plan for workers hired after Nov. 1.