◀ The Principal Blog

Posts from the ‘Defined Benefit’ category

Better Never than Late: Late Retirement Windfall Lays Trap for Plan Sponsors



Since 1974, ERISA has dictated that the normal retirement date (NRD) for single employer defined benefit (DB) plans be no later than age 65. (I don’t want to say this rule is old, but the original draft defined it as “Age LXV”.)  Back then, much more focus was placed on early retirement…

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Large and Underfunded? PBGC Wants Your Info!



In the 2002 futuristic sci-fi movie Minority Report, Tom Cruise plays the chief of a police unit dedicated to identifying and stopping crimes before they have actually been committed.  Cruise does this in between chase scenes with the help of three prescient beings (called “PreCogs”) floating…

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