Reports cast doubt on retirement

clock •

US - The Government Accountability Office (GAO) report on the long-term adequacy of defined contribution (DC) pension schemes has been criticised for taking a narrow view of the sector, using incomplete, outdated information and ignoring the findings of other studies which cast doubt on its findings.

The Profit Sharing/401(K) Council of America (PSCA) issued a rebuttal of many of the findings of the GAO report, reported by globalpensions.com yesterday. The GAO said low income earners had a ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on US

US

TRS hands $6bn to KKR and Apollo, grows strategic partners programme

US - The Teacher Retirement System of Texas has agreed to issue $6bn combined to Kohlberg Kravis Roberts and Apollo Global Management expanding its strategic partnership programme to the private markets.

Raquel Pichardo-Allison
clock 08 November 2011 •
US

US investors returns negative in Q3

US - All US institutional investors performed negatively in the third quarter of 2011 with the median public, corporate and multi-employer funds down 8.94%, 7.94% and 9.03% respectively, Wilshire Trust Universe Comparison Service (Wilshire TUCS) results...

Jaishree Kalia
clock 08 November 2011 •
US

CalSTRS policy calls for political transparency

US - The California State Teachers' Retirement System (CalSTRS) has adopted a policy which puts pressure on company management teams to disclose their political contributions.

Jaishree Kalia
clock 07 November 2011 •
Trustpilot