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SOA Releases Survey Report on Retirement for Americans

On January 17, 2018, the Society of Actuaries (SOA) released its biennial report, 2017 Risks and Process of Retirement Survey.  The report examines: 1) the extent to which pre-retired and retired American’s ages 45-80 are aware of their financial risks in retirement; 2) how that awareness affects how they manage their finances; and 3) how…

NCPERS Releases 2017 Public Retirement Systems Study

On January 10, 2018, the National Conference of Public Employee Retirement Systems (NCPERS) announced the results of its 2017 NCPERS Public Retirement Systems Study.  The comprehensive survey provides information on investment experience, actuarial assumptions, plan administration and operations, trends, innovations and best practices. The key findings include: During 2017, the average funding levels (the value…

CRR Finds Modest Improvement in Retirement Security

On January 9, 2018, the Center for Retirement Research (CRR) at Boston College released its issue brief, National Retirement Risk Index Shows Modest Improvement in 2016.  The brief discusses the National Retirement Risk Index (NRRI), which measures the percent of U.S. working households who are at risk of being unable to maintain their pre-retirement standard…

CRR Issues Brief on Local Pension Plan Funding

On January 2, 2018, the Center for Retirement Research (CRR) at Boston College released its brief, The Funded Status of Local Pensions Inches Closer to States. According to the brief, as of 2015, local pension plans have an aggregate funded ratio of 69.9%, compared with 73.9% for state plans. In addition, in 2015, local plans…