Sentences with phrase «with defined contribution plans»

Advised various companies on consultations with their workforce over the closure of defined benefit pension schemes and replacement with defined contribution plans.

With defined contribution plans and group RRSPs, the money is yours.

As with defined contribution plans, the QDRO should address the alternate payee's right to any extra benefits afforded the participant in the years following the divorce.

Remember, you have to be your own guardian with defined contribution plans.

From my start in investment writing over 20 years ago, I predicted that more corporate pensions would get frozen, terminated, and replaced with defined contribution plans.

You also may call the Plan Information Line toll - free at 1 - VRS - DC - PLAN1 (1-877-327-5261) and select Option 2 to speak with a Defined Contribution Plans Retirement Specialist.

Register for a group seminar or one - on - one consultation with a Defined Contribution Plans Specialist and view videos and other educational materials.

Some employers in both the public and private sectors are considering the replacement of defined benefit plans with defined contribution plans.

Before that, he served two years as director of Investing Consulting at the Hartford, working with defined contribution plan sponsors, consultants and advisors.

Provide all new hires at the City, except for sworn police officers, with a defined contribution plan modeled after a 401 (k) plan in place of a defined benefit pension plan.

The team partners with defined contribution plan sponsors and financial intermediaries, and provides them with ongoing support to help meet the needs of investors.

These days many employers combine these retirement benefits with a defined contribution plan, too, such as a 401 (k) or 403 (b).

Not exact matches

«Nothing is stopping any company from teaming up with an insurance company and setting up a DC [defined contribution] pension plan or a group RRSP for their employees.

Speaking with The Globe and Mail, CPAA president Brenda McAuley expressed disappointment at the arbitrator's decision: «We've been the CPAA for more than 100 years and we feel getting a defined contribution pension plan is selling out our new members,» she said.

Japan's government loosened laws on pensions in May, allowing almost all working - age Japanese to join private defined - contribution retirement plans — similar to individual retirement accounts (IRAs) in the United States that allow workers to make regular contributions to an investment fund with tax breaks.

The NIA's study found that people with defined - benefit plans, such as traditional pensions, retire on average 1.3 years earlier than those with defined - contribution plans, such as 401 (k) s.

· The cessation of accruals under the Qualified Plan and the continued IBM contributions under the tax - qualified defined contribution plan, the IBM 401 (k) Plus Plan, reflects IBM's desire to provide appropriate benefits for its employees, consistent with the changing needs of IBM's workforce and the changing nature of retirement benefits provided by IBM's current competitPlan and the continued IBM contributions under the tax - qualified defined contribution plan, the IBM 401 (k) Plus Plan, reflects IBM's desire to provide appropriate benefits for its employees, consistent with the changing needs of IBM's workforce and the changing nature of retirement benefits provided by IBM's current competitplan, the IBM 401 (k) Plus Plan, reflects IBM's desire to provide appropriate benefits for its employees, consistent with the changing needs of IBM's workforce and the changing nature of retirement benefits provided by IBM's current competitPlan, reflects IBM's desire to provide appropriate benefits for its employees, consistent with the changing needs of IBM's workforce and the changing nature of retirement benefits provided by IBM's current competition.

The Cash Balance Plan is a defined benefit plan and the 401 (k) Plan is a defined contribution plan, both intended to qualify under the IRC and comply with the Employee Retirement Income Security Act of 1974, as amended (ERIPlan is a defined benefit plan and the 401 (k) Plan is a defined contribution plan, both intended to qualify under the IRC and comply with the Employee Retirement Income Security Act of 1974, as amended (ERIplan and the 401 (k) Plan is a defined contribution plan, both intended to qualify under the IRC and comply with the Employee Retirement Income Security Act of 1974, as amended (ERIPlan is a defined contribution plan, both intended to qualify under the IRC and comply with the Employee Retirement Income Security Act of 1974, as amended (ERIplan, both intended to qualify under the IRC and comply with the Employee Retirement Income Security Act of 1974, as amended (ERISA).

The Wells Fargo Cash Balance Plan is a defined benefit plan and the Wells Fargo 401 (k) Plan is a defined contribution plan, both intended to qualify under the IRC and comply with ERPlan is a defined benefit plan and the Wells Fargo 401 (k) Plan is a defined contribution plan, both intended to qualify under the IRC and comply with ERplan and the Wells Fargo 401 (k) Plan is a defined contribution plan, both intended to qualify under the IRC and comply with ERPlan is a defined contribution plan, both intended to qualify under the IRC and comply with ERplan, both intended to qualify under the IRC and comply with ERISA.

Called FidelityConnect, it provides advisors with a complete book - of - business snapshot of all their defined contribution plans administered by Fidelity, and improves on plan - level analytics, the firm said in its announcement.

The survey, which aims to help plan sponsors understand the breadth of views and consulting services available within the defined contribution retirement market, included the participation of 77 consulting firms which represent 17,000 plan sponsors with over $ 4.4 trillion in plan assets.

The Wachovia Pension Plan is a defined benefit plan and the Wachovia Savings Plan is a defined contribution plan, both intended to qualify under the IRC and comply with ERPlan is a defined benefit plan and the Wachovia Savings Plan is a defined contribution plan, both intended to qualify under the IRC and comply with ERplan and the Wachovia Savings Plan is a defined contribution plan, both intended to qualify under the IRC and comply with ERPlan is a defined contribution plan, both intended to qualify under the IRC and comply with ERplan, both intended to qualify under the IRC and comply with ERISA.

A defined contribution plan intended to qualify under the IRC as both an employee stock ownership plan and a 401 (k) cash or deferred arrangement and to comply with ERISA.

The defined contribution plan category contains a broad range of plans including profit - sharing plans, money purchase plans, 401 (k) plans, employee stock ownership (ESOP) plans and two types of plans especially popular with small businesses: SIMPLE plans and SEPs (simplified employee pensions).

Drew Carrington, head of Institutional Defined Contribution at Franklin Templeton Investments along with Michael Doshier, head of retirement marketing, examine the status of The Retirement Enhancement and Savings Act (RESA) and what it might mean for both plan sponsors and participants, and recap the latest court rulings impacting the Department of Labor's Fiduciary Rule.

The government is likely to insist that if automakers and other companies get federal aid, they will have to avoid «rewarding labor unions» and replace defined benefit pension plans with «defined contribution» plans.

When the process has run its course, they threaten their work force with bankruptcy that will wipe out its pension benefits if employees do not agree to «downsize» their claims and replace defined - benefit plans with defined - contribution plans (in which all that employees know is how much they pay in each month, not what they will get in the end).

Prior to joining CSIM, Mr. Aguilar was with Financial Engines, where he was responsible for managing more than $ 40 billion in assets from leading retirement plan sponsors in the defined contribution market.

Participants argued that they are already supporting employees with private, defined contribution plans that are more efficient — a fact they claim is being ignored by the government.

«If anything, employers will be struggling with the weight of the increased CPP plan, and if they can afford anything beyond that, they would likely do that through a matched RSP or perhaps a PRPP (pooled registered pension plan), or maybe a DC (defined contribution) plan.»

Our time tested education program provides defined contribution plan sponsors, participants and financial intermediaries with customized employee education programs that help to facilitate positive retirement outcomes.

In addition, the average account balance has risen dramatically to $ 195,222.65; a high figure compared to most data tracking defined contribution plans which correlates with the age of ESOPs participating in this year's survey.

PNC's Vested Interest program offers defined contribution / 401 (k) / 403 (b) plan services for your employees, along with a vast array of investment options allowing for ample diversification.

The effect often leaves a bankrupt shell of a company, or at least enables corporate raiders to threaten employees with bankruptcy that would wipe out their pension funds or employee stock ownership plans if they do not agree to replace defined benefit pensions with riskier contribution schemes.

For instance, a 2010 survey from LIMRA, Windsor, Conn., found that 78 percent of pre-retired employees with access to a defined contribution plan currently do contribute to it, pointed out Matthew Drinkwater, associate managing director, retirement services during the recent retirement industry conference in Las Vegas.

A simple solution would be to give all Americans and businesses the option to invest in the Thrift Savings Plan with an annual defined contribution limit of $ 50,000.

But this makes little sense given the data they present: U.S. workers with less than a high - school degree had relatively little access to traditional pensions before the shift away from pensions to defined - contribution plans.

Though provisions like the defined - contribution plan and raising the retirement age to 65 were stripped away, labor is deeply unhappy with the new tier.

To set an example and end the connection between longevity in office and pension benefits, a first step could be adopting defined - contribution plans (in line with private - sector pensions) for future elected and appointed officials.

Astorino, the Westchester County executive, said a combined defined contribution with portability plan could alleviate costs from retirement plans.

In a break with previous tier reform patterns, Cuomo also has proposed allowing state and local employees to opt into a defined - contribution plan.

· Voluntary and Portable Defined Contribution Option: The new law includes an optional defined contribution plan for new non-union employees with salaries $ 75,000 andDefined Contribution Option: The new law includes an optional defined contribution plan for new non-union employees with salaries $ 75,00Contribution Option: The new law includes an optional defined contribution plan for new non-union employees with salaries $ 75,000 anddefined contribution plan for new non-union employees with salaries $ 75,00contribution plan for new non-union employees with salaries $ 75,000 and above.

It gave teachers a choice between a traditional defined benefit plan and a hybrid plan that combined a less - generous defined benefit with a defined contribution component.

Perhaps not surprisingly, they found that math and science teachers, teachers with advanced degrees, and charter school teachers were all more likely to opt for the portable defined contribution plan.

One does not generally observe comparable retirement plans for professionals and lower - tier managers in the private sector, since most employers have replaced traditional DB plans with defined contribution (DC) or similar 401 (k)- type plans, in which the employer and employee contribute to a retirement account that belongs to the employee.

The authors find that charters which opt out of the state pension system most often offer teachers defined contribution plans (e.g. a 401 (k) or 403 (b)-RRB-, with employer matches that look a lot like those offered to university employees or private sector professionals.

It shows how benefits accumulate for newly hired, 25 - year - old females under the current pension system (blue line), a defined contribution plan (red line), a defined contribution plan with no employer contributions (dotted blue line), and a cash balance plan (dotted green line).

If school systems used modern 401 (k)- style defined - contribution plans, early departing teachers could take their retirement savings with them, as many private - sector employees currently do.

To better serve teachers» retirement needs, states should at least provide newly hired teachers with the option to avoid the traditional state pension system, instead choosing a more portable defined contribution plan.

By offering upfront cash payments, states may be able to induce some teachers to switch from the current defined benefit plan, with large and unpredictable debt costs, to more predictable defined contribution plans.