Wellness Program Communication Should Entice Employees
Employers should convey wellness programs as irresistible, not mandatory, according to Andrew Boyd with Virgin Pulse.
Administration
Pension Funding Deficit Ballooned by $68B So Far in 2016
In February, the nation’s 100 largest pension plans experienced a $35 billion decrease in funded status, according to Milliman.
S&P Companies’ DB Funding Dipped in February
Aon Hewitt reports the S&P 500 aggregate pension funded status decreased, and Mercer says the estimated aggregate funding level of pension plans sponsored by S&P 1500 companies decreased.
Reenrollment Gets Participants’ Portfolios on Track
It also can result in much lower investment costs for participants, a Vanguard case study shows.
Flash Poll Finds Growing Concern Over PBGC Premiums
Client poll results shared by investment consulting firm NEPC show significant and increasing concern with the decisionmaking coming out of the Pension Benefit Guaranty Corporation.
More Union Plans Apply to Cut Benefits
The Treasury Department now has three requests it must review.
Ill. Considering Use of Private-Sector Tactics to Reduce Pension Liability
Two bills propose to offer retirees lump-sum payments.
CalPERS Explains a Tough Benefit Denial Decision
The CalPERS Board determined that pay granted as a lawsuit settlement was not pay that could be included in pension benefit calculations.
Cross-Tested Plans Shoot for Similar Benefits at Retirement
Cross-testing can benefit older, highly paid employees, but can be a win for other employees too.
So You Want to Be a Star (Multiemployer Plan)
The SOA has recently given accolades to the Screen Actors Guild Producers Pension Plan; what can other multiemployer plan sponsors do to be like them?
Chemtura Signs Pension Risk Transfer Deal
Voya will take over benefit payments for retirees of Chemtura Corporation.
Pension Plans Focused on Improvement
Pension funds are “owning” five strategic aspects of management, a survey finds.
Use of In-Plan Income Solutions Poised for Growth
With plenty of nudges from the government and increasing concern about participant retirement readiness, now is the time to consider in-plan guaranteed income solutions.
U.S. Pension Fund Assets Remain Stable
Defined contribution (DC) assets now represent more than 48% of global retirement assets, according to Willis Towers Watson.
Report Reveals Stress Points in NYC Pension System
New York City’s Bureau of Asset Management has to improve its pension oversight, the report says.
ACA Deadline Extensions Prompt Regrouping
How should health plan sponsors adjust their strategies with new ACA reporting and Cadillac tax deadline extensions?
Boosting Pension Plan Funding in 2016
Market volatility, longevity and PBGC premiums are prompting sponsors to take a harder look at funding levels.
GASB 68 a Wake Up Call for Local Governments
Researchers found that for 92 cities, the unfunded liability as a percentage of revenue rises from 37% before GASB 68 pension accounting standards to 70% after.
Auto Enrollment an Opportunity for Church Plans
Church plan legislation provides an immediate opportunity for plan sponsors to affect participant outcomes through auto enrollment; the effect of other provisions remains to be seen.