Defined Benefits

Previously, the companies used the Social Security Death Master File to search and stop payments for deceased annuity holders, but the database wasn't being used to identify those life insurance policy holders who had died.

Employees identify lower cost (compared with purchasing benefits on their own) and choice as strong advantages of voluntary benefits.

A study, which analyzed a database of 688 pension plans said the rise in interest rates since the start of 2013 gives plan sponsors a break from years of low rates

The State Retirement Systems, covering pensions for ex-state employees, judges and lawmakers, withdrew $29.7 million in 2013, down 88 percent from $248.7 million a year earlier.

Without Social Security, the poverty rate among older adults would rise from 9.1 percent to 44.4 percent.

The New York-based auction house spent months determining the collection's fair market value after Detroit filed for bankruptcy last summer.

EBRIs report builds on an earlier modeling analysis, using a stylized final average DB accrual of 1.5 percent of final compensation per year of participation, to compute the retirement income at age 65, across a range of tenure and income factors.

Cash and security holdings totaled $3.06 trillion in the third quarter this year, a 4 percent increase from $2.94 trillion in the second quarter of 2013.