Following our third market meltdown in the past decade, the fashion maxim “everything old is new again” may apply to annuities as well.
The new U.S. Pension Protection Act (PPA) rules expected in 2012 will make it more conducive for private-sector DB plan sponsors to terminate their plans. And for organizations who choose to do so, participants in those plans will be required to choose a payout option. Vanguard’s research shows that participants leaving a DB plan are […]