Public Pension Plans: Key Insights from the Fiscal Year
During the fiscal year ending June 30, 2025, public pension plans experienced investment returns reflective of prevailing market conditions. While individual plan performance varied based on asset allocation, risk profile and manager selection, the overall trend indicated moderate growth and represented the third consecutive fiscal year of strong absolute returns versus investment return assumptions for… Read More >
Enhancing Oversight Structures in Government Defined Contribution Retirement Plans
Government defined contribution plans have become a cornerstone of public employee retirement security. Many sponsors have already established oversight structures, including committees, charters and investment policies, to fulfill their fiduciary obligations. However, as the landscape evolves, so must the governance processes that underpin these plans. The following strategies offer sponsors effective approaches to strengthen and modernize their oversight structures, helping to… Read More >
SECURE 2.0 Act: Roth Catch-Up Contributions
In September 2025, the United States Department of the Treasury and the IRS issued final regulations implementing a major provision of the SECURE 2.0 Act. These regulations require that certain higher-earning participants in qualified defined contribution plans make their catch-up contributions as Roth (after-tax) contributions.
Specifically, beginning January 1, 2026, participants aged 50 and older who had prior-year FICA wages of more than $150,000 (increased from $145,000 on November 13, 2025 by the IRS) from the employer sponsoring the plan must… Read More >
