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| Products, Deals and People | |
| Segal Group Offers Reporting and Disclosure Calendars | |
| The Segal Group has published 2018 Reporting & Disclosure Calendars for multiemployer and single-employer benefit plans. The calendars summarize the annual compliance requirements and disclosure obligations that retirement and health plan sponsors need to know. The content in these calendars may cause plan sponsors to consider their current approaches, Segal says.Read more > | |
| Economic Events | |
In November, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% seasonally adjusted (SA); rising 2.2% over the last 12 months, not seasonally adjusted (NSA), the Bureau of Labor Statistics reported. The index for all items less food and energy rose 0.1% in November SA; up 1.7% over the year NSA. Real average hourly earnings decreased 0.2% in November, SA. Average hourly earnings increased 0.2%, and CPI-U increased 0.4%. Real average weekly earnings increased 0.1% over the month. | |
| Sponsored message from Ayco | |
| Adam Hills on Financial Wellness Trends Watch the video.Read more > | |
| Market Mirror | |
Wednesday, the Dow gained 80.63 points (0.33%) to finish at 24,585.43, the NASDAQ closed 13.48 points (0.20%) higher at 6,875.80, and the S&P 500 decreased by 1.26 points (0.05%) to 2,662.85. The Russell 2000 increased 8.33 points (0.55%) to 1,524.45, and the Wilshire 5000 was up 6.97 points (0.03%) at 27,626.81. The price of the 10-year Treasury note increased 18/32, bringing its yield down to 2.345%. The price of the 30-year Treasury bond climbed 1 0/32, decreasing its yield to 2.727%. | |
| Compliance | |
| Democratic Lawmakers Urge Quick Passage of Butch Lewis Act | |
| Congressional Democrats working on labor and retirement issues convened Wednesday morning to call on their Republican majority colleagues to consider immediate stand-alone passage of legislation, known as the Butch Lewis Act, which would, Democrats argued, “ensure the pensions that American union workers have earned over a lifetime of work are protected into the future.” House and Senate Democrats warned that, if nothing is done, many of the more than 200 multiemployer plans in the U.S. are projected to fail within just the next 10 years.Read more > | |
| Legislators Reintroduce RETIRE Act to Congress | |
| U.S. House Representative Jared Polis, D-Colorado, and Representative Phil Roe, R-Tennessee, reintroduced the Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act, which was previously introduced in 2015. The RETIRE Act would ensure employers make retirement information easily accessible online, while providing protections for employees who prefer to receive paper documents.Read more > | |
| IRI Warns Conflict of Interest Reforms Could Discourage Annuity Use | |
| Investors are generally capable of looking out for their own interests and should have freedom of access to shop the financial services marketplace for retirement income guarantees, the Insured Retirement Institute (IRI) argues in a new comment letter to the Securities and Exchange Commission (SEC).Read more > | |
| Small Talk | |
| ON THIS DATE: In 1799, the U.S.’s first president, George Washington, died at the age 67. In 1819, Alabama joined the Union as the 22nd state. In 1911, Norwegian explorer Roald Amundsen became the first man to reach the South Pole. In 1939, the Soviet Union was dropped from the League of Nations. In 1946, the U.N. General Assembly voted to establish the United Nation’s headquarters in New York City. In 1962, the U.S. space probe Mariner II approached Venus. It transmitted information about the planet’s atmosphere and surface temperature. In 1984, American sportscaster Howard Cosell retired from the NFL’s Monday Night Football. In 1985, Wilma Mankiller became the first woman to lead a major American Indian tribe as she formally took office as principal chief of the Cherokee Nation of Oklahoma. In 1988, the first transatlantic underwater fiber-optic cable went into service. In 1999, Charles M. Schulz announced he was retiring the “Peanuts” comic strip. | |
| SURVEY SAYS: We recently covered a survey in which senior managers shared their most embarrassing moments at work. This week, I’d like to know, have you had an embarrassing moment at work? If so, please share your MOST embarrassing moment with us. As always, responses to the survey are anonymous. You may respond to this week’s survey by 6 p.m. Pacific time today.Read more > | |
| Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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