The proposed pension reform would affect workers hired after Sept. 1, 2022.
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.
A significant chunk of the next round of stimulus checks may find its way into the equity markets.
Proposed legislation would create PBGC partition program and end ability to seek benefits cuts under MPRA.
The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.
An estimated 30% of all US employees have left a retirement account at a previous employer, lawmakers say.
$78.9 billion pension fund would be permitted to invest as much as 5% of portfolio in alternatives.
Legislation mandating stiff rules on state educators is scaled back after consistent opposition.
Bill proposes defined contribution plans become the new default.