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| Benefits & Administration |
| Simple Steps to Provide Successful Student Loan Repayment Benefits |
| Student debt management is a complex and delicate issue that has a significant impact on employees’ broad financial wellness—but providing support can be straightforward from the plan sponsor perspective.Read more > |
| FedEx Transfers Some Pension Obligations to MetLife |
| MetLife has banded together with FedEx to offer annuity benefits to 41,000 retirees and beneficiaries in FedEx’s defined benefit (DB) pension plans. According to MetLife, the pension risk transfer (PRT) agreement involves pension obligations of $6 billion—a grouping of cash and assets from the pensions plans.Read more > |
| Increased Interest Rates Boost DB Plans’ Funded Status in April |
| Firms that track defined benefit (DB) plan funded ratios also noted that slight gains in equity markets improved plans’ funded status during the month.Read more > |
| Workers Willing to Pay More for More Generous Retirement Benefits |
| Sixty-six percent of U.S. workers said they would be willing to pay higher costs for more generous retirement benefits, and 61% would pay more for a guaranteed retirement benefit, according to the 2017 Global Benefits Attitudes Survey by Willis Towers Watson. However, only 38% are willing to pay more for an improved health care plan, and 49% are willing to pay more to have lower, predictable health care costs. More than half (55%) say they believe their retirement plan meets their needs, but only 27% say that educational programs, such as financial wellness, meet their needs.Read more > |
