Retirement Trends

Investment returns of 13.8 percent, raising the discount rate used to determine future liabilities, a company contribution of $201.9 million to the system and a four-year strategy of matching investments to liabilities all contributed to eliminating the deficit.

Some in a study were shown age-enhanced photos of themselves while others did not see such images. Those that looked at their old age squarely in the face put an average of 6.8 percent of their salary in their 401(k)s. Those that didnt deferred 5.2 percent.

The money would be in addition to $330 million that nine foundations pledged through bankruptcy-court mediation to reduce city pension cuts and to shield Detroits art collection from a sale to pay $11.5 billion in unsecured debt.

One-third of investors said they thought their children would be worse off they would be, 40 percent about the same and 30 percent better.

Fully 87 percent of participants in the 2012 EBRI/ICI 401(k) database were in plans offering loans, but only 21 percent of those eligible for the loans had one outstanding at the end of the year.

The increase is due to an adjustment in the carriers assumptions on interest rates and a better-than-expected return on assets, Dallas-based AT&T said in a filing.