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| Products, Deals and People | |
| Health Plan Provider Offers Cost Savings Investigators Team | |
| A team of experts will review claim data and provide actionable insight into an employer’s health care spend, with the objective of helping employers identify and realize cost saving opportunities.Read more > | |
| Market Mirror | |
Tuesday, the Dow gained 143.07 points (0.58%) to finish at 24,919.66, the NASDAQ was up 3.00 points (0.04%) at 7,759.20, and the S&P 500 closed 9.67 points (0.35%) higher at 2,793.84. The Russell 2000 closed 8.99 points (0.53%) lower at 1,695.62, and the Wilshire 5000 increased 48.01 points (0.16%) to 29,159.72. The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.865%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.968%. | |
| Sponsored message from PIMCO | |
| What Retirement Consultants Think Most 401(k) consultants support additional services in plans for retirees. Read more > | |
| Compliance | |
| District Court Upholds Use of Segal Blend to Calculate Multiemployer Pension Liability | |
| Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except for one,” the Southern District of New York Court’s decision in The New York Times Company v. Newspaper and Mail Deliverers’-Publishers’ Pension Fund, which is being appealed.Read more > | |
| Investing | |
| ‘Hibernation’ the Next Step for DB Plan Investing | |
| As more marketable obligations—such as those for in-pay retirees—are transferred to insurers, residual defined benefit (DB) plans will have unusual and idiosyncratic features that make them more difficult to manage, which will drive pension investing to a “hibernation” focus for many, Mercer says.Read more > | |
| Small Talk | |
| On an average day in 2017, nearly everyone age 15 and over (96%) engaged in some sort of leisure activity, such as watching TV, socializing, or exercising, according to the American Time Use Survey (ATUS), conducted by the Census Bureau for the Bureau of Labor Statistics (BLS). Watching TV was the leisure activity that occupied the most time, accounting for just over half of all leisure time, on average. Time spent reading for personal interest or playing games or using a computer for leisure varied greatly by age.Read more > | |
ON THIS DATE: In 1533, Henry VIII, who divorced his wife and became head of the Church of England, was excommunicated from the Catholic Church by Pope Clement VII. In 1798, the U.S. Marine Corps was formally re-established by “An Act for Establishing a Marine Corps” passed by Congress. The act also created the U.S. Marine Band. The Marines were first commissioned by the Continental Congress on November 10, 1775. In 1804, the United States’ first secretary of the treasury, Alexander Hamilton, was killed by Vice President Aaron Burr in a duel. In 1864, Confederate forces led by Gen. Jubal Early began an invasion of Washington, D.C. They turned back the next day. In 1914, Babe Ruth debuted in the major leagues with the Boston Red Sox. In 1934, the first appointments to the newly created Federal Communications Commission were made. In 1934, President Franklin Delano Roosevelt became the first American chief executive to travel through the Panama Canal while in office. In 1955, the U.S. Air Force Academy was dedicated in Colorado at Lowry Air Base. In 1962, the first transatlantic TV transmission was sent through the Telstar I satellite. In 1972, U.S. forces broke the 95-day siege at An Loc in Vietnam. In 1977, the Medal of Freedom was awarded posthumously to Rev. Martin Luther King Jr. in a White House ceremony. In 1987, Bo Jackson signed a contract to play football for the L.A. Raiders for five years. He also continued to play baseball for the Kansas City Royals. In 1995, full diplomatic relations were established between the United States and Vietnam. WEDNESDAY WISDOM: “What you resist not only persists but will grow in size.”—Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology | |
| 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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