401(k) Specialist Issue 3 - 2021 - 6
401(k) NEWS YOU CAN USE
A 65-Year Retirement?
Humans Could Live to Age 130
READY TO HELP someone plan for a 65-year
retirement? Retirement advisors might have
to before the end of this century, if new research
suggesting a person could live to age
130 pans out.
Such extreme longevity, according to the
research by the University of Washington,
likely will continue to rise slowly by the end
of this century, and estimates show that a
lifespan of 125 years, or even 130 years, is
possible.
The number of people who live past the
age of 100 has been on the rise for decades,
up to nearly half a million people worldwide.
There are, however, far fewer " supercentenarians, "
people who live to age 110 or
even longer. The oldest living person, Jeanne
Calment of France, was 122 when she died in
1997; currently, the world's oldest
person is 118-year-old Kane Tanaka
of Japan.
ONLINE
EXTRA
Troubled Multiemployer Pension Plans
Get PBGC Bailout
CERTAIN UNDERFUNDED PENSIONS plans are getting a boost, Labor Secretary
Marty Walsh recently announced.
Specifically, roughly 200 troubled multiemployer plans covering some 3 million
workers will get help under an interim final rule issued by the Pension Benefit Guaranty
Corporation. The rule implements Special Financial Assistance to financially
ailing multiemployer pension plans:
" Every working person deserves to retire with dignity and receive all the benefits
they earned during their career, " Walsh said in a statement. " As a member of
the labor movement, I know firsthand how important pension security is to working
families. As Chair of its Board of Directors, I am proud that today's rulemaking
by the Pension Benefit Guaranty Corporation will help secure the pensions of an
estimated 3 million American workers, retirees, and their families by providing
financial assistance to over 200 severely underfunded multiemployer plans. "
Calling it an historic achievement, he claimed it will " secure the pension benefits
of hardworking union members " and is the most " substantial policy ever passed to
further the solvency of our nation's multiemployer pension plans. "
6
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401(k) Specialist Issue 3 - 2021
Table of Contents for the Digital Edition of 401(k) Specialist Issue 3 - 2021
Table of Contents
401(k) Specialist Issue 3 - 2021 - Cover1
401(k) Specialist Issue 3 - 2021 - Table of Contents
401(k) Specialist Issue 3 - 2021 - 1
401(k) Specialist Issue 3 - 2021 - 2
401(k) Specialist Issue 3 - 2021 - 3
401(k) Specialist Issue 3 - 2021 - 4
401(k) Specialist Issue 3 - 2021 - 5
401(k) Specialist Issue 3 - 2021 - 6
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401(k) Specialist Issue 3 - 2021 - 43
401(k) Specialist Issue 3 - 2021 - 44
401(k) Specialist Issue 3 - 2021 - Cover3
401(k) Specialist Issue 3 - 2021 - Cover4
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