Defined Contribution

Will a divided Congress cut retirement programs or roll back gains? We talked to the president of retirement and income solutions at Principal Financial Group about the new retirement legislation - and his 2023 outlook for the industry.

The ERISA Industry Committee sent a letter to legislators, outlining their objectives to improve health care, retirement and paid leave benefits that their members provide to millions of American workers.

All 50 GOP senators, as well as Democrat Sen. Joe Manchin, plan to re-introduce a resolution attempting to block enforcement of the Department of Labor's new ESG regulation for retirement plans, which took effect Monday.

While HR teams often think of flexibility in terms of remote work, employees also want professional development opportunities, flexible hours and benefits that meet their unique needs, like daycare reimbursements.

Expect a "couple" more interest-rate hikes to curb inflation because "we have more work to do," says Federal Reserve Chair Jerome Powell.

Around half of Gen Z and millennial workers who are offered an health savings account by their employer are using it to save for future health care costs in retirement, says a survey.

State attorneys general allege that the rule that rolls back ESG restrictions in investments - and went into effect on Monday - "undermines key protections for retirement savings of 152 million workers."

There are over 90 provisions in the new retirement legislation, so here is a year-by-year overview of key provisions that will affect employers and their employees.