FINANCE -
May 18, 2012
Pension Risk Transfer Affordability Unchanged
May 18, 2012 (PLANSPONSOR.com) - The Dietrich Pension Risk Transfer Index, which tracks the relative attractiveness of annuitizing pension liabilities, was nearly unchanged from its prior month’s level of 89.44.
HR/BENEFITS -
May 18, 2012
More Employers to Shift Health Care Costs to Employees
May 18, 2012 (PLANSPONSOR.com) - Cost-shifting to employees will continue, and companies will ramp up efforts to encourage employees to adopt healthy habits and save for health care costs in retirement, Fidelity Investments says.
RULES/REGS -
May 18, 2012
Catholic Bishops Still Object to Contraception Coverage Rules
May 18, 2012 (PLANSPONSOR.com) – The U.S. Conference of Catholic Bishops (USCCB) says the exemptions put into the new health law’s contraception coverage rules are not enough.
PEOPLE -
May 18, 2012
Adams to Lead American Savings Education Council
May 18, 2012 (PLANSPONSOR.com) - Nevin Adams has been named director of the American Savings Education Council.
PEOPLE -
May 18, 2012
Rowe Joins DCAdvisors' Leadership Team
May 18, 2012 (PLANSPONSOR.com) - DCAdvisors has appointed John Rowe to its client consulting group and leadership team.
FINANCE -
May 18, 2012
Group Offers Guidelines for Public Pension Disclosure Obligations
May 18, 2012 (PLANSPONSOR.com) – The National Association of Bond Lawyers (NABL) has published guidelines for state and local government disclosure obligations when offering bonds to the market.
HR/BENEFITS -
May 18, 2012
Bill Would Close Michigan Teachers' Pension
May 17, 2012 (PLANSPONSOR.com) - Legislation that would close the teachers’ pension plan to new public school employees and put them into a 401(k)-style retirement plan passed the Michigan Senate.
RULES/REGS -
May 18, 2012
DOL Notes a Change to Recent Fee Disclosure Guidance
May 18, 2012 (PLANSPONSOR.com) - The Department of Labor’s Employee Benefits Security Administration made a technical correction to recently released Field Assistance Bulletin No. 2012-02.
HR/BENEFITS -
May 17, 2012
Auto Escalation Proposed for Federal Plan
May 17, 2012 (PLANSPONSOR.com) - U.S. Senator Daniel Akaka (D-Hawaii) introduced a bill to build on efforts to incorporate private sector best practices into the Thrift Savings Plan (TSP) for federal employees.
HR/BENEFITS -
May 17, 2012
Protecting Retirement Investments from Risk a Top Concern
May 17, 2012 (PLANSPONSOR.com) - Protecting retirement assets from risk is the most important concern for Americans of every age, according to Charles Schwab’s quarterly Retirement Pulse Survey.
HR/BENEFITS -
May 17, 2012
U.S. Chamber of Commerce Makes Retirement Benefits Suggestions
May 17, 2012 (PLANSPONSOR.com) - The U.S. Chamber of Commerce released a white paper offering guidelines about initiatives and reforms that will bolster the voluntary employment-based retirement benefits system and retirement security for workers.
HR/BENEFITS -
May 17, 2012
S.C. Senate Passes Gentler Version of Pension Reform
May 17, 2012 (PLANSPONSOR.com) - The South Carolina Senate approved a pension reform plan with fewer changes than the state House proposal.
PRODUCTS -
May 18, 2012
VALIC Endorsed by Georgia Independent College Association
May 18, 2012 (PLANSPONSOR.com) - VALIC has been selected as the exclusive retirement plan provider for the Georgia Independent College Association (GICA).
PRODUCTS -
May 18, 2012
Lockton Lists Audit Concerns for 403(b)s
May 18, 2012 (PLANSPONSOR.com) – Lockton Retirement Services has published an article describing common audit issues uncovered during the most recent 403(b) plan audits.
PRODUCTS -
May 17, 2012
Fiduciary Liability Continues After Company Closing
May 17, 2012 (PLANSPONSOR.com) – Some retirement plan sponsors mistakenly believe their fiduciary liability ends when the company doors close.
PEOPLE -
May 17, 2012
ERP Actuaries Hires Director
May 17, 2012 (PLANSPONSOR.com) - ERP Actuaries & Consultants hired Bill Radonavitch as director of new business development.
PEOPLE -
May 16, 2012
Great-West Adds Midwest Sales Director to 401(k) Team
May 16, 2012 (PLANSPONSOR.com) - Great-West Retirement Services has appointed Matthew Orozco as a regional sales director for the Midwest market.
HR/BENEFITS -
May 16, 2012
Workers Changing Expectations of Retirement
May 16, 2012 (PLANSPONSOR.com) - American workers realize they are behind in saving for retirement, and are adjusting their expectations accordingly.
RULES/REGS -
May 16, 2012
Plan Administrator Steals Retirement Funds to Purchase Resort
May 16, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor has filed a complaint in a federal court in Idaho regarding a violation of the Employee Retirement Income Security Act (ERISA).
FINANCE -
May 16, 2012
Institutional Investors Find New Uses for ETFs
May 16, 2012 (PLANSPONSOR.com) - Institutional investors are finding increasingly strategic uses for exchange-traded funds (ETFs), according to a study from Greenwich Associates.