| | 2015 Plan Sponsor of the Year Winners | | Announcing Our Plan Sponsor of the Year Award Winners | | Each year, the editors of PLANSPONSOR
magazine—the industry’s leading resource for retirement benefits-related
news—recognize plan sponsors that demonstrate leadership in providing a more
secure retirement for workers. Each Plan Sponsor of the Year finalist and
winner will be recognized at PLANSPONSOR’s Annual Awards for Excellence dinner
in New York City on March 31, and is also featured in the March issue of
PLANSPONSOR magazine. We are pleased to announce the 2015 winners for our
annual Plan Sponsor of the Year awards, across eight categories.Read more > | | | Benefits & Administration | | Near Retirees Can Expect $400K in Health Care Costs | | Average expected retirement health care costs
for Medicare B, D and Supplemental insurance for a healthy couple retiring this
year at age 65 will be $266,589 in today’s dollars, according to HealthView
Services’ “2015 Retirement Health Care Cost Data Report.” For a couple retiring
in 10 years at 65, expected costs will rise to $320,996. However, retirement health
care costs are even higher when expected dental, vision, hearing, co-pays and
all other out-of-pocket costs are included. With these additional components,
total projected retirement health care costs rise to $394,954 for a couple
retiring this year at age 65. For a 55-year-old couple retiring in 10 years,
total lifetime health care costs are expected to be $463,849.Read more > | | Major pension risk transfer (PRT) deals
announced by Bristol-Meyers Squibb and Motorola in 2014 and Kimberly-Clark in
February 2015, in addition to more than 300 non-jumbo deals, total
approximately $9 billion to $10 billion since 2011, according to the Mercer
Global Pension Buyout Index. Mercer notes that historically, most bulk buyouts
were for full plan terminations but, recently, there has been a significant
increase in the proportion of sponsors buying out retirees only.Read more > |
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