|
| Benefits & Administration |
| Employers Relieved by High Court ACA Decision |
| A Mercer survey of nearly 600 employers finds
most are feeling either positive or unconcerned about the Supreme Court’s
ruling about health exchange subsidies under the Patient Protection and
Affordable Care Act (ACA). Nearly half of employers offering health coverage to
their retired workforce (45%) feel “relieved that they will be able to continue
steering pre-Medicare retirees to public exchanges now that subsidies are guaranteed.”Read more > |
| A study from the AARP Public Policy Institute
provides insights into employment barriers for people of retirement age. The
survey focused on individuals ages 55 to 70 who sought new jobs after a period
of unemployment. More than one-quarter (26%) said employers thinking they were
too old was a major barrier in finding employment.Read more > |
| Retirees Might Be Under-Annuitized |
| Contrary to a widespread fear caused by the
shift from defined benefit (DB) to defined contribution (DC) retirement plans,
there is little evidence that the annuity-like share of retirees’ total income
over the past three decades has, in fact, fallen for aged families, especially
for low-income older families, according to a paper from the Center for Retirement
Research at Boston College. However, “Do Retired Americans Annuitize Too
Little? Trends in the Share of Annuitized Income” contends that many middle-
and high-income aged families would experience a jump in monthly income if they
annuitized their wealth.Read more > |
|
| Products, Deals & People |
| Tool Helps with Medicare, Social Security Planning |
| Cowden Associates created ComprehensiveCast, a
service to assist employers with guiding current retirees and future retirees
(current employees who will retire in the near term) through the complicated
world of retiree medical and Social Security optimization strategies. The
Retirement ComprehensiveCast portrays customized estimated “all-in” retiree
medical costs, an overview of benefit plan options available and Social
Security optimization strategies, in a holistic approach to assist in achieving
financial stability in retirement.Read more > |
