What's New - April 2012

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[4/30/12]  Plan Sponsor:  “IRS Requests Comments on Health Care Reform Provisions

[4/30/12]  Internal Revenue Service:

[4/30/12]  U.S. Department of the Treasury (IRS):  Regulations Pertaining to the Disclosure of Return Information to Carry Out Eligibility Requirements for Health Insurance Affordability Programs; Notice of proposed rulemaking and notice of public hearing [as published in the Federal Register on April 30, 2012]

[4/30/12]  PBS NewsHour:  “Top 10 Things to Know about High-Deductible Health Plans

[4/30/12]  Fort Worth Star-Telegram:  “Defined benefits are being re-imagined

[4/30/12]  PIMCO DC Dialogue™:  “New blueprint for global retirement programs.” [“In this PIMCO DC Dialogue™, we talk with Amol Mhatre, global retirement consultant, regarding the development of global retirement systems.”]

[4/30/12]  ICI Research Perspective:  “Trends in the Expenses and Fees of Mutual Funds, 2011

[4/27/12]  Plan Sponsor:

[4/27/12]  Kaiser Family Foundation:  “Insurer Rebates under the Medical Loss Ratio: 2012 Estimates

[4/27/12]  Philadelphia Inquirer:  “Will Obamacare spell the end of employer health coverage?

[4/27/12]  Northwestern Mutual Market Research:

[4/26/12]  Kaiser Family Foundation:  Kaiser Health Tracking Poll -- April 2012

[4/26/12]  The Washington Post:  “ISO an affordable backup to employer-based health coverage

[4/26/12]  U.S. House Committee on Ways and Means, Subcommittee on Oversight:  Hearing on “Impact of Limitations on the Use of Tax-Advantaged Accounts for the Purchase of Over-the-Counter Medication” [Hearing held April 25, 2012, includes links to written testimonies]

[4/26/12]  Center for Retirement Research at Boston College:  How Important Is Asset Allocation to Financial Security in Retirement? [Working Paper]

[4/26/12]  Milwaukee Journal Sentinel:  “1 in 7 people over age 85 live in poverty, study finds

[4/25/12]  LifeHealthPro:  “EBRI: Part-Time Status Shuts More Out of Coverage

[4/25/12]  George Washington University:  Multi-State Plans Under the Affordable Care Act

[4/25/12]  Plan Sponsor:

[4/25/12]  Charles Schwab:  2012 Older Workers & Money Survey

[4/25/12]  Fox Business:  “Getting the Most from a Raise

[4/25/12]  Center for Retirement Research at Boston College:  Social Security’s Financial Outlook: The 2012 Update in Perspective

[4/24/12]  U.S. Chamber of Commerce:  Private Retirement Benefits in the 21st Century: A Path Forward

[4/24/12]  Joint Committee on Taxation:  Present Law and Background Relating to the Tax Treatment of the Cost of Over-the-Counter Medicine as a Medical Care Expense [Full report may be downloaded at the website]

[4/24/12]  Social Security and Medicare Boards of Trustees:

[4/23/12]  Plan Sponsor:

[4/23/12]  The Wall Street Journal:  “Congress Eyes 401(k)s Again

[4/23/12]  National Academy of Social Insurance:  “Implications of the Payroll Tax Holiday for Social Security: Social Security Now Has Four Dedicated Income Sources - The Tax Holiday Needs an Exit Strategy

[4/23/12]  Integrated Benefits Institute:  “New IBI Research: CFO Views on Health Care Reform, See Continued Value in Medical Coverage Provided to Employees” [News Release]

[4/19/12]  The Los Angeles Times:  “Survey shows holes in health insurance coverage

[4/19/12]  The Commonwealth Fund:  Gaps in Health Insurance: Why So Many Americans Experience Breaks in Coverage and How the Affordable Care Act Will Help -- Findings from the Commonwealth Fund Health Insurance Tracking Survey of U.S. Adults, 2011

[4/19/12]  Workforce:  “Rules for Retirement-Plan Fees Have Some Companies Scrambling to Comply

[4/19/12]  Plan Sponsor:

[4/19/12]  Internal Revenue Service:  Application of the Normal Retirement Age Requirements to Governmental Plans [Notice 2012-29]

[4/19/12]  Business Insurance:  “Impasse over highway bill holds up pension funding relief

[4/18/12]  Plan Sponsor:  “Experts Share Testimony at Ways and Means Hearing

[4/18/12]  Time:  “The 7 Biggest Retirement Planning Mistakes

[4/18/12]  The Wall Street Journal:  “Inherited IRAs: a Sweet Deal

[4/18/12]  Kaiser Family Foundation:  “Pulling It Together…The Falloff in Utilization: ‘There’s Something Happening Here, What It Is Ain’t Exactly Clear’” from Drew Altman

[4/17/12]  U.S. House Committee on Ways and Means:  Full committee hearing on “Tax Reform and Tax-Favored Retirement Accounts” [Hearing held April 17, 2012, includes links to written testimonies]

[4/17/12]  Pension Benefit Guaranty Corporation:  Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Paying Benefits; Final rule [as published in the Federal Register on April 13, 2012]

[4/17/12]  Investing Answers:  “Catch Up on Retirement Savings in 5 Simple Steps

[4/17/12]  Kaiser Health News:  “Critics Say Proposed Rule Would Make Millions Ineligible for Health Insurance Subsidies

[4/17/12]  The Fiscal Times:  “The Plot to Keep Health Care Prices from Consumers

[4/16/12]  Registered Rep:  “A Vexing Retirement Planning Problem? Predicting Health Care Costs

[4/16/12]  Plan Sponsor:  “Participant Education Needed Before 404(a)(5) Deadline

[4/16/12]  Joint Committee on Taxation:  Present Law and Background Relating to the Tax Treatment of Retirement Savings -- Scheduled for a Public Hearing Before the House Committee on Ways and Means on April 17, 2012 [Document may be downloaded at the website]

[4/16/12]  National Retirement Planning Coalition:  Retirement Planning and Financial Literacy Around the World

[4/16/12]  CNN:  “Without health care reform, 20-somethings out of luck

[4/16/12]  Kaiser Health News:  “Survey: Health Insurance Cost Growth Outpaces Everything Else

[4/13/12]  LifeHealthPro:  “HSA Providers Report Strong Account Growth

[4/13/12]  Plan Sponsor:  “Americans Support Maintaining Retirement Plan Tax Incentives

[4/13/12]  Towers Watson Viewpoints:  “Higher Education’s Response to a New Defined Contribution Environment

[4/13/12]  Social Security Administration:  Earnings and Employment Data for Workers Covered Under Social Security and Medicare, by State and County, 2009

[4/12/12]  Sibson Consulting Spotlight:  “Pension Plan Administration Can Inadvertently Trigger Fiduciary Liability: Steps to Help Mitigate that Risk

[4/12/12]  PricewaterhouseCoopers:  PwC Financial Wellness Survey: 2012 Results

[4/12/12]  American University and Urban Institute:  The Two Worlds of Personal Finance: Implications for Promoting the Economic Well-Being of Low- and Moderate-Income Families

[4/12/12]  Chicago Tribune:  “Why Keep Working?

[4/12/12]  HealthLeaders Media:  “7 Things Employers Don’t Know About Healthcare Benefits

[4/12/12]  The White House Blog:  “Official Sources Agree: The Affordable Care Act Reduces the Deficit

[4/11/12]  Business Finance Magazine:  “Target Date Funds Growing More Popular but Still Misunderstood

[4/11/12]  Urban Institute Fact Sheet on Retirement Policy:  “Retirement Account Balances (updated April 2012) -- Accumulations in Retirement Accounts, 2007 to 2012

[4/11/12]  Towers Watson Insider:  “Funded Status of Fortune 1000 DB Plans Declines in 2011

[4/11/12]  Mercatus Center at George Mason University:  The Fiscal Consequences of the Affordable Care Act, by Charles Blahous

[4/10/12]  Insured Retirement Institute:  Boomer Expectations for Retirement 2012: Annual Update on Retirement Preparedness of the Boomer Generation

[4/10/12]  The Financial Services Roundtable and Financial Services Institute:  Saving Early: The Road to a Secure Retirement

[4/10/12]  PIMCO DC Practice:  Defined Contribution Consulting Support and Trends Survey: 6th Annual Survey Highlights 2012

[4/10/12]  The Washington Post:  “Health-care law will add $340 billion to deficit, new study finds

[4/10/12]  Pittsburgh Tribune-Review:  “Learn to get most from medical savings account

[4/9/12]  U.S. Bureau of Labor Statistics:  Employer-provided life insurance benefits, 2011

[4/9/12]  CNNMoney:  “Haggling for health care: Ways to lower your bills

[4/9/12]  Milliman 100 Pension Funding Index:  “Milliman analysis: Market rally and rising interest rates reduce corporate pension deficit in March

[4/9/12]  The New York Times:  “In Target-Date Funds, a Hodgepodge of Styles

[4/6/12]  U.S. Bureau of Labor Statistics:  National Compensation Survey: Health Plan Provisions in State and Local Government in the United States, 2011

[4/6/12]  Plan Sponsor:  “Health Plan Costs Increases Under 10%

[4/6/12]  Kaiser Family Foundation:  How Does the Benefit Value of Medicare Compare to the Benefit Value of Typical Large Employer Plans?: A 2012 Update

[4/6/12]  Prudential Retirement:  Achieving Retirement Security in an Era of Uncertainty: Three Important Steps

[4/5/12]  National Conference of State Legislatures:  Pensions and Retirement State Legislation Database

[4/5/12]  National Institute on Retirement Security:  Pensionomics 2012: Measuring the Economic Impact of DB Pension Expenditures

[4/5/12]  The Wall Street Journal:  “Inspect the Fees in Your 401(k)

[4/5/12]  The Washington Post:  “The 401(k): Americans ‘just not prepared’ to manage their own retirement funds

[4/4/12]  Willis North America:  The Willis Health and Productivity Survey, 2011

[4/4/12]  Plan Sponsor:

[4/4/12]  Investment Company Institute:  Defined Contribution Plan Participants’ Activities, 2011

[4/4/12]  MetLife Mature Market Institute:  Transitioning into Retirement: The MetLife Study of Baby Boomers at 65

[4/4/12]  LifeHealthPro:  “SOA: 41% of Pre-Retirees Want LTCI

[4/3/12]  Investment Company Institute:  The U.S. Retirement Market -- Fourth Quarter 2011

[4/3/12]  Ariel Investments:

[4/3/12]  Urban Institute and Robert Wood Johnson Foundation:  The Individual Mandate in Perspective

[4/3/12]  Kaiser Family Foundation:  Comparison of Medicare Premium Support Proposals

[4/2/12]  LifeHealthPro:  “IRI Announces National Retirement Planning Week

[4/2/12]  Plan Sponsor:  “Investors Still Misunderstand Roth IRAs

[4/2/12]  The Vanguard Group:  The Evolution of Company Stock in Defined Contribution Plans

[4/2/12]  Society of Actuaries:

[4/2/12]  Chicago Tribune:  “Savings can brighten dim retirement outlook

[4/2/12]  DesMoinesRegister.com:  “Higher insurance costs loom for employees who fail to meet health goals

[4/2/12]  International Foundation of Employee Benefit Plans:  National Employee Benefits Day, April 2, 2012 [“National Employee Benefits Day acknowledges trustees, administrators, corporate benefits practitioners, and professional advisors for their dedication to providing quality benefits and the important role they play in their colleagues’ well-being.”]
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What's new at EBRI this month:

EBRI 2011 Fall Policy Forum: “Innovations in Employment-Based Health Benefits: Lessons Learned for Public Policy” [“gavel to gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

Visit EBRI's Blog!

EBRI's Recent Media Coverage

“EBRI Now on Twitter” [EBRI Press Release, 2/6/09]

401(k) Balances and Changes Due to Market Volatility

Publications:

April 2012 EBRI Issue Brief - "Employment-Based Health Benefits: Trends in Access and Coverage, 1997-2010"

April 2012 EBRI Notes - "Characteristics of the Population With Consumer-Driven and High-Deductible Health Plans, 2005-2011," and "Time Trends in Poverty for Older Americans Between 2001-2009"

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What's new in employee benefits:

  • HR News Online -- a daily update from the Society for Human Resource Management

The following items have been added to the Government Accountability Office's Web site in Portable Document (PDF) format:

Reports
Private Health Insurance: Estimates of Individuals with Pre-Existing Conditions Range from 36 Million to 122 Million. GAO-12-439, March 27. Highlights.

Defined Contribution Plans: Approaches in Other Countries Offer Beneficial Strategies in Several Areas. GAO-12-328, April 23. Highlights.

State and Local Governments' Fiscal Outlook: April 2012 Update. GAO-12-523SP, April 5.

The Federal Government's Long-Term Fiscal Outlook: Spring 2012 Update. GAO-12-521SP, April 5.

Private Pensions: Better Agency Coordination Could Help Small Employers Address Challenges to Plan Sponsorship. GAO-12-326, March 5. Highlights.

State and Local Government Pension Plans: Economic Downturn Spurs Efforts to Address Costs and Sustainability. GAO-12-322, March 2. Highlights.

Presentation by the Comptroller General
The Government's Long-Term Fiscal Challenge: Implications for Federal Agencies by Gene L. Dodaro, Comptroller General of the United States before the 9th Annual Department of Homeland Security Office of the Chief Financial Officer Symposium in Washington, DC. GAO-12-617CG, March 14.

Testimonies
Financial Literacy: Enhancing the Effectiveness of the Federal Government's Role, by Alicia Puente Cackley, director, financial markets and community investment, before the Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia, Senate Committee on Homeland Security and Governmental Affairs. GAO-12-636T, April 26. Highlights.

Private Pensions: Better Agency Coordination Could Help Small Employers Address Challenges to Plan Sponsorship by Charles A. Jeszeck, director, education, workforce, and income security, before the Senate Special Committee on Aging. GAO-12-459T, March 7.

If a title link above no longer works, click here for the GAO home page and search for the report by keyword or report number. Click here to browse by date,  topic, or agency.   Searches for reports can also be conducted in the Government Accountability Office (GAO) Reports Online via GPO Access database.

If your computer does not already have the free Adobe Acrobat viewer software to read PDF files, click here for the one-time download necessary to read PDF publications.

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Updated 4/30/12