◀ The Principal Blog

Posts by Mike Clark, Consulting Actuary, the Principal Financial Group

Odd Law Aims to Smooth Highways and Pension Funding



There are a lot of questions surrounding the recently passed Highway and Transportation Funding Act of 2014 (HATFA). The first may be how to pronounce it. Is it a short “a” like “hat”? As in, “You’ll need a HATFA outside, it’s cold!!” Or is it a long “a” like “hate”? As in,…

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PBGC: A Four-Letter Word to Plan Sponsors



The noble mission of the Pension Benefit Guaranty Corporation (PBGC) is to pay benefits to the orphaned retirees of failed defined benefit (DB) plans (with some limitations). To date, they have taken responsibility for about 4,500 single employer DB plans, covering the shortfalls between benefits…

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