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But more than half of pre-retirees expect to hold down a job, PGIM found in a survey.
Mercer suggests pension sponsors should now focus on the shakeout that lies ahead, with the potential bifurcation between liabilities sold to insurers and the hard stuff kept on pension balance sheets, by using hibernation investing.
The new law extends the time a participant has to repay loans from 60 days after an offset to the date their tax return is due.