Benefits News

Even with Insurance, Many Not Getting Health Care June 19, 2013 (PLANSPONSOR.com) – Many individuals with employer-sponsored health insurance are delaying or avoiding getting health care due to cost. Rebecca Moore editors@plansponsor.com Whether it’s a “consumer-driven,” high-deductible,

ICI Comments on Money Market Funds Proposal Kevin McGuinness The Investment Company Institute (ICI) expressed opposition to a Securities and Exchange Commission (SEC) proposal to reform money market funds. The Institute is against floating the net asset value (NAV) for any category of money market

SERP Participants’ Claims Not Preempted by ERISA June 19, 2013 (PLANSPONSOR.com) – A federal court ruled Supplemental Executive Retirement Plan (SERP) participants’ state law claims are not preempted by the Employee Retirement Income Security Act (ERISA). Rebecca Moore editors@plansponsor.com

PAi Appoints EVP of Sales PLANADVISER staff Steven Shackelford joined PAi as executive vice president of sales. Shackelford brings 27 years of experience in retirement from his previous position at American Funds, where he was responsible for operations, sales and product development on behalf of

ICI Comments on SEC Proposal for Money Market Funds June 19, 2013 (PLANSPONSOR.com) – The Investment Company Institute (ICI) expressed opposition to a Securities and Exchange Commission (SEC) proposal to reform money market funds. Kevin McGuinness editors@plansponsor.com The Institute is again

SSgA Makes Leadership Changes June 19, 2013 (PLANSPONSOR.com) - State Street Global Advisors (SSgA) is aligning its leadership in both active and passive strategies with client challenges. PLANSPONSOR staff editors@plansponsor.com The firm is combining core teams in active quantitative

Gen X Has Competing Financial Priorities Kevin McGuinness Generation X employees struggle the most when it comes to saving for retirement, a survey by PwC indicates. Results of the “2013 Employee Financial Wellness Survey” show members of Generation X, born between the early 1960s and early 1980s,

SSgA Makes Leadership Changes PLANADVISER Staff State Street Global Advisors (SSgA) is aligning its leadership in both active and passive strategies with client challenges. The firm is combining core teams in active quantitative developed and enhanced equity. It is expanding the depth of its

Pension Annuitization Attractiveness Rose in May PLANADVISER Staff The Dietrich Pension Risk Transfer Index increased considerably from May’s value of 85.81 to settle at 88.92 as of June 1. The 3.11 point gain was driven by increasing interest rates and pension funding levels. The index’s curre

New York City Agrees to Settle USERRA Lawsuit June 19, 2013 (PLANSPONSOR.com) – The city of New York has agreed to settle a lawsuit brought by police officers who were called to active duty in the military after September 11, 2001. Rebecca Moore editors@plansponsor.com The lawsuit alleges

CDHPs Grew in 2012 June 19, 2013 (PLANSPONSOR.com) – Consumer-directed health plans (CDHPs) were the only type of health insurance that grew in 2012, a new analysis finds. Kevin McGuinness editors@plansponsor.com The American Association of Preferred Provider Organizations (AAPPO) conducted

More Time Needed for Lifetime Income Comments June 19, 2013 (PLANSPONSOR.com) – The Association of Pension Professionals & Actuaries (ASPPA) has asked for more time for comments about lifetime income illustrations for defined contribution (DC) plan participants. PLANSPONSOR staff editors@planspons

Guardian Website Allows Benefits Plan Changes June 19, 2013 (PLANSPONSOR.com) – Guardian Life Insurance Company of America now permits benefits brokers and employers to request health plan changes online. Kevin McGuinness editors@plansponsor.com Through the Guardian Anytime website, brokers an

Advice Gets Legislative Boost in Florida PLANADVISER staff Florida’s governor enacted legislation on Monday making it a notice-filing state for branch office applications. The bill passed the Florida senate in May. (See “Notice-Filing Bill Passes Florida Senate.” ) The legislation is critical to

Pension Annuitization Attractiveness Rose in May June 18, 2013 (PLANSPONSOR.com) - The Dietrich Pension Risk Transfer Index increased considerably from May’s value of 85.81 to settle at 88.92 as of June 1. PLANSPONSOR staff editors@plansponsor.com The 3.11 point gain was driven by increas

Gen X Has Competing Financial Priorities June 18, 2013 (PLANSPONSOR.com) – Generation X employees struggle the most when it comes to saving for retirement, a survey by PwC indicates. Kevin McGuinness editors@plansponsor.com Results of the “2013 Employee Financial Wellness Survey” show member