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Save some PBGC premiums with a plan year change? 24 Aug 2013 | 01:02 am
MAP-21 boosts the PBGC’s 2012 single-employer $35 per participant premium to $42 for 2013 and $49 beginning in 2014, with indexing thereafter. Assuming a 3% inflation factor, here’s how the flat-rate ...
Don’t let plan benefit compliance become a nightmare 22 Aug 2013 | 06:38 pm
Employee benefit plans require tender loving compliance care — from appropriate plan documentation, to employee disclosures and communications, government filings, audits, and numerous other requireme...
Rising interest rates and strong equity returns create opportunities for retirement plans 19 Aug 2013 | 06:51 pm
2013 is shaping up to be an outstanding year for most retirement plans. Interest rates have risen dramatically since May 1 and equities are up almost 20% year to date. This translates to improving fun...
Massachusetts health care reform: Jul-Aug 2013 update 13 Aug 2013 | 10:42 pm
With passing of Massachusetts 2014 fiscal year budget, two main components of its landmark 2006 heath care reform law have been eliminated. Effective retroactively to July 1, 2013, employers are no lo...
You don’t have to be big to be beautiful 5 Aug 2013 | 06:03 pm
The Pensions Regulator has for some time been giving out the message that it thinks big is beautiful. The bigger the better is its message when it comes to trust-based defined contribution schemes. La...
Big data and population health management: Improving outcomes, decreasing costs 5 Aug 2013 | 04:54 pm
Big data – collections of large, complex sets of numbers – is one of the most promising business trends of the decade. Few industries have not jumped on the big data band wagon. And rightfully so. Und...
Working at the pensions coalface 30 Jul 2013 | 08:00 pm
The Apprentice is a British reality television series in which a group of aspiring businessmen and women compete for the chance to work with the British business magnate Lord Sugar. Steve Webb, the Pe...
Proactive Strategies – Key to Managing Specialty Drug Costs 29 Jul 2013 | 11:30 pm
When I started in the pharmacy consulting business 30 years ago, pharmacy benefits represented about 3% to 4% of an employer’s total health care costs. Today, according to results from Buck Consultant...
Pensions Policy Institute report looks at abolishing pensions tax relief 22 Jul 2013 | 03:09 pm
The main objective for tax relief on pensions is to support retirement saving by encouraging individuals to save for retirement and employers to contribute to pension schemes. The government has not s...
OPEB, LX Edition: What’s under the hood of a benefits valuation 17 Jul 2013 | 08:19 pm
If you are responsible for municipal employees’ benefits, you know that you need to disclose the organization’s liabilities for post-retirement benefits under public sector accounting rules, and need ...