◀ The Principal Blog

Posts from the ‘Legislation & Regulation’ category

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…

Read more

MyRA: The Pros and Cons



During his State of the Union address last week, President Obama announced a new retirement savings program called My Retirement Account or MyRA. Labeled as a “starter savings account,” the plan is intended to be a voluntary savings vehicle for those who want to save for retirement, but don’t…

Read more

Recent