Benefits

Benefits | May 4th, 2010

Feds Kick in $5B for Early Retiree Health Subsidy

May 4, 2010 (PLANSPONSOR.com) – Federal officials are appropriating $5 billion to pay for employer subsidies for retiree health care coverage until January 2014 when the subsidies called...

Benefits | May 4th, 2010

Current Retirement Income Options Have Drawbacks: GAO

May 4, 2010 (PLANSPONSOR.com) – Following the deadline for responses to the Department of Labor and Treasury Department’s Request for Information on lifetime income options in retirement plans,...

Benefits | May 4th, 2010

HSAs not Enough for Retirement Health Care Savings

May 4, 2010 (PLANSPONSOR.com) - While health savings accounts (HSAs) can be used to save for health care expenses in retirement, the maximum savings that can be accumulated...

Benefits | May 4th, 2010

Americans Still Fretting Over Money

May 4, 2010 (PLANSPONSOR.com) – Things may be looking up on Wall Street, but a new survey finds 84% of Americans still fret about their finances.

Benefits | May 4th, 2010

More Seniors Texting, Using Social Networks

May 4, 2010 (PLANSPONSOR.com) – A text message from Grandma? Grandpa on Facebook?

Benefits | May 4th, 2010

SPARK Institute Argues Against Lifetime Income Requirements

May 4, 2010 (PLANSPONSOR.com) – As responses to a request for public comment on use of lifetime income solutions in retirement plans continue to be submitted, a trade...

Benefits | May 4th, 2010

Nationwide Offers Proposal for Guaranteed Income in Retirement Plans

May 4, 2010 (PLANSPONSOR.com) - Nationwide Financial Services, Inc. has introduced 401KIncome, a public policy solution that it says “provides incentives for the funding of guaranteed retirement income...

Benefits | May 4th, 2010

TIAA-CREF Cosponsors Study on Retirement Practices of Universities

May 4, 2010 (PLANSPONSOR.com) - TIAA-CREF and the University of Iowa Center on Aging are launching a study to assess trends and best practices in comprehensive retirement planning...

Benefits | May 3rd, 2010

ING Encourages Use of Guaranteed Income Options in Retirement Plans

May 3, 2010 (PLANSPONSOR.com) - ING said it broadly supports investing in guaranteed lifetime income options within a retirement plan and strongly encourages employers to add this type...

Benefits | May 3rd, 2010

ERIC: No Annuity Mandate Needed

May 3, 2010 (PLANSPONSOR.com) – The ERISA Industry Committee (ERIC) has argued in a letter to the U.S. Department of Labor (DoL) that it is wrong to require...

Benefits | May 3rd, 2010

Unum to Cover Adult Children ahead of Reform Deadline

May 3, 2010 (PLANSPONSOR.com) – Unum officials announced that the company is beginning to comply with new health care reform legislation by extending medical coverage eligibility to certain...

Benefits | May 3rd, 2010

Americans Need Financial Help, Report Being behind on Retirement Savings

May 3, 2010 (PLANSPONSOR.com) – Fifty-seven percent of people surveyed by TD AMERITRADE report they are either a little or far behind financially in terms of preparation for...

Benefits | May 3rd, 2010

CT Woman Claims She Was Fired over Genetics

May 3, 2010 (PLANSPONSOR.com) – A woman from Stamford, Connecticut, has filed a complaint with the state Commission on Human Rights and Opportunities, and the federal Equal Employment...

Benefits | May 3rd, 2010

15.7 Times Final Pay Needed for Retirement Readiness

May 3, 2010 (PLANSPONSOR.com) – The average U.S. employee will need 15.7 times their final pay in retirement resources to maintain their current standard of living during retirement,...

Benefits | May 3rd, 2010

Australian Employers’ Pension Contributions to Rise

May 3, 2010 (PLANSPONSOR.com) - The pension levy paid by Australian employers on behalf of their workers will rise to 12% over the next decade, Bloomberg reports.

Benefits | May 3rd, 2010

Different Courses for Public, Private Sector Pension Freezes

May 3, 2010 (PLANSPONSOR.com) – While a growing number of defined benefit plans are being frozen, the results vary widely between the public and private...

Benefits | May 3rd, 2010

TIAA-CREF Supports Guaranteed Income Options in Retirement Plans

May 3, 2010 (PLANSPONSOR.com) - In response to the Request for Information Regarding Lifetime Income Options for Participants in Retirement Plans, issued jointly by the Department of Labor...

Benefits | April 30th, 2010

Survey Suggests Gaps in Plan Sponsor Goals, Roles

April 30, 2010 (PLANSPONSOR.com) – A new survey reveals a potential disconnect between plan sponsors and plan participants.

Benefits | April 30th, 2010

Hewitt Says “Freezing” Temperaments Rising

April 30, 2010 (PLANSPONSOREurope.com) – The pace of UK pension scheme freezes is accelerating – and could double in the next twelve months, according to...

Benefits | April 30th, 2010

Comp Costs Tick Up in Q110

April 30, 2010 (PLANSPONSOR.com) – Civilian workers compensation costs were up a seasonally adjusted 0.6% in the first quarter, the U.S. Bureau of Labor Statistics (BLS) reported.