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| Benefits & Administration |
| Most States Meeting Commitments to Fund Pensions |
| An analysis of the experience of 112
state-sponsored and statewide public pension plans in the U.S. for fiscal years
2001 through 2013 finds most states are meeting their commitments to fund their
plans, with only a few conspicuously failing. The National Association of State
Retirement Administrators (NASRA) examined the performance of state governments
in meeting the annual required contribution (ARC)—as defined by the Government
Accounting Standards Board (GASB)—of their public employee retirement plans.
The 112 plans account for more than 80% of all public pension assets and
participants.Read more > |
| Among all working households—not just households
with retirement accounts—the median retirement account balance is $2,500,
according to an analysis by the National Institute on Retirement Security
(NIRS). The median retirement account balance was $3,000 for all working-age
households as reported in a 2013 report from NIRS. The organization examined
the readiness of working-age households, based primarily on an analysis of the
Survey of Consumer Finances from the U.S. Federal Reserve System. Nearly 40
million working-age households (45%) do not own any retirement account assets,
in either an employer-sponsored 401(k)-type plan or an individual retirement
account (IRA).Read more > |
| ‘Integrated’ Well-Being Programs Yield Better Results |
| ‘Integrated’ wellness programs produced more
positive results for employers than did traditional wellness programs,
according to a study by WorldatWork. Supporting workers both at the office and
beyond can have positive results for an employer in terms of increased
productivity, engagement levels and employee satisfaction, as well as positive
changes in employee behaviors. This differs from organizations that limit
employee well-being to more traditional wellness offerings with the sole purpose
of lowering health care costs, WorldatWork says in its survey report, “Total
Rewards and Well-Being.”Read more > |
