What's New - June 2013



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[6/28/13] Bank of America Merrill Lynch: 2013 Workplace Benefits Report: Employees’ Views on Achieving Financial Wellness

[6/28/13] The Washington Post: “State pensions face larger-than-usual funding gap, Moody’s report says

[6/28/13] Defined Contribution Institutional Investment Association: Best Practices When Implementing Auto Features in DC Plans

[6/28/13] U.S. House Committee on Energy & Commerce, Subcommittee on Oversight & Investigations: Hearing titled “Challenges Facing American Businesses Under the Patient Protection and Affordable Care Act” [Hearing held June 26, 2013, includes links to archived webcast and to written testimonies]

[6/28/13] Kaiser Health News: “Latino Enrollment Key to Success of Health Law Marketplaces

[6/28/13] Social Security Administration: OASDI Beneficiaries by State and County, 2012 [“This annual publication provides data on the Social Security population at the local level. It presents basic program data by type of benefit (retirement, survivors, and disability) and category of beneficiary (retired and disabled workers, wives and husbands, widows and widowers, and children).”]

[6/27/13] Investment Company Institute: “Retirement Assets Total $20.8 Trillion in First Quarter 2013

[6/27/13] Center for Retirement Research at Boston College: “401(k)s Stall, Post-Auto Enrollment

[6/27/13] Transamerica Center for Retirement Studies: Unlocking Secrets of Retirement Readiness: Meet the Everyday People Who Are ‘Power Planners’ [The 14th Annual Transamerica Retirement Survey]

[6/27/13] Center for State & Local Government Excellence Issue Brief: “The Funding of State and Local Pensions: 2012-2016

[6/27/13] America’s Health Insurance Plans: “January 2013 Census Shows 15.5 Million People Covered by Health Savings Account/High-Deductible Health Plans (HSA/HDHPs)

[6/27/13] The Washington Post: “Congress contemplating small tweaks to help small businesses weather health care reform

[6/27/13] Groom Law Group: “Supreme Court Rules on Same-Sex Marriage - DOMA Is Unconstitutional: The Implications for Plan Sponsors” [includes links to a chart and a summary]

[6/26/13] Kaiser Family Foundation: Kaiser Health Tracking Poll: June 2013

[6/26/13] U.S. Senate Committee on Finance: Hearing titled “High Prices, Low Transparency: The Bitter Pill of Health Care Costs” [Hearing held June 18, 2013, includes links to written testimonies]

[6/26/13] Plan Sponsor: “Even with Insurance, Many Not Getting Health Care

[6/26/13] Internal Revenue Service: Employee Plans News [June 24, 2013]

[6/26/13] BankInvestmentConsultant.com: “Low Rates Deal Significant Blow to Retirement Plans

[6/26/13] Prudential: Planning for Retirement: The Impact of Interest Rates on Retirement Income

[6/26/13] The Wall Street Journal: “Living Long but Not Prospering -- Joshua Gotbaum and Dallas Salisbury on the financial shortfall facing many retirees

[6/25/13] National Institute on Retirement Security: The Retirement Savings Crisis: Is It Worse Than We Think?

[6/25/13] Center for Retirement Research at Boston College: The Impact of Interest Rates on the National Retirement Risk Index

[6/25/13] Prudential Retirement: Meeting the U.S. Retirement Challenge: How Insurers and Government Can Work Together

[6/25/13] Sacramento Bee: “Viewpoints: New state retirement plan can learn from past mistakes

[6/25/13] U.S. Department of Health & Human Services: Patient Protection and Affordable Care Act; Program Integrity: Exchange, SHOP, Premium Stabilization Programs, and Market Standards; Proposed rule [as published in the Federal Register on June 19, 2013]

[6/25/13] PricewaterhouseCoopers: PwC’s 2013 Health and Well-being Touchstone Survey results

[6/25/13] Employee Benefit Adviser: “’Obamacare’ Rollout Seen Slowed by Confusion over Benefits

[6/25/13] The Wall Street Journal: “Health Care Costs, Not Income, a Retirement Crisis” [video featuring EBRI’s Dallas Salisbury]

[6/25/13] Council for Disability Awareness: The 2013 Council for Disability Awareness Long-Term Disability Claims Review

[6/25/13] Workplace Options: Work-Life Balance and Workplace Trend Polls

[6/18/13] Society for Human Resource Management: 2013 Employee Benefits: An Overview of Employee Benefits Offerings in the U.S. [Research Report]

[6/18/13] American Association of Preferred Provider Organizations: Large Employers Add CDHPs at Record Pace in 2012

[6/18/13] Towers Watson Health Care Reform Bulletin: “Differences Between the PPACA and the MA Health Care Reform Law May Affect Employers with Massachusetts Employees

[6/18/13] S. 1031: “To amend the Internal Revenue Code of 1986 to improve access to health care through expanded health savings accounts, and for other purposes” [short title: “Family and Retirement Health Investment Act of 2013”]

[6/18/13] Plan Sponsor: “2013 Recordkeeping Survey

[6/18/13] Brown Center on Education Policy at Brookings: Are Public Pensions Keeping Up with the Times?

[6/18/13] Fidelity Investments: “Three-Fourths of Higher Education Baby Boomer Faculty Members Plan to Delay Retirement, or Never Retire at All” [News Release]

[6/18/13] Pensions Policy Institute [U.K.] Single Tier Series: The Impact of the Government’s Single-Tier State Pension Reform

[6/17/13] Investment Company Institute: Facts about Defined Contribution (DC) Plans and Retirement Security -- Rise of Private-Sector DC Plans Expected to Improve Retirement Security

[6/17/13] Benefit Resources, Inc. [Blog]: “Four Steps for Electronic Delivery of Retirement Plan Notices

[6/17/13] Plan Sponsor:

[6/17/13] Forbes: “To Tap Your IRA or Not? That’s the Question

[6/17/13] WealthManagement.com: “The Voice of Reason for Jittery Employers

[6/17/13] The New York Times: “Suddenly, Retiree Nest Eggs Look More Fragile

[6/14/13] Plan Sponsor: “Health Care Reform: Preparing for 2014

[6/14/13] TIAA-CREF Institute and Rockefeller Institute of Government: Public-Sector Pension Reform: Addressing Pressing Fiscal Realities from a Long-Term Perspective

[6/14/13] Center for State & Local Government Excellence and National Association of State Retirement Administrators: “Spotlight on Retiree Health Care Benefits for State Employees in 2013

[6/14/13] Investment Company Institute Research Perspective: “The Economics of Providing 401(k) Plans: Services, Fees, and Expenses, 2012

[6/14/13] Main Street Alliance and American Sustainable Business Council: Poll Report: Small Business Owners’ Views on Retirement Security [Based on a scientific phone survey of small business owners nationwide]

[6/14/13] U.S. House Committee on Education & the Workforce, Subcommittee on Health, Employment, Labor, and Pensions: Hearing titled “Strengthening the Multiemployer Pension System: What Reforms Should Policymakers Consider?” [Hearing held June 12, 2013, includes links to written testimonies]

[6/14/13] The New York Times: “For Retirees, a Million-Dollar Illusion

[6/14/13] Business Insider Australia: “Here’s the Real Cost of Dying in Debt

[6/13/13] U.S. Department of Labor: “Employer Costs for Employee Compensation -- March 2013” [News Release]

[6/13/13] The Vanguard Group: How America Saves 2013: A report on Vanguard 2012 defined contribution plan data

[6/13/13] Kravitz: 2013 National Cash Balance Research Report

[6/13/13] U.S. Department of Health & Human Services: Patient Protection and Affordable Care Act; Establishment of Exchanges and Qualified Health Plans; Small Business Health Options Program; Final rule [as published in the Federal Register on June 4, 2013]

[6/13/13] PricewaterhouseCoopers HRS Insight: “New Wellness Regulations May Cause Headaches

[6/13/13] The Wall Street Journal: “Will New Health Insurance Be Too Expensive for America’s Lowest-Paid?

[6/13/13] California Healthline: “Workers Cut Health Visits After Switch to High-Deductible Plan

[6/13/13] Health Affairs: “Consumer-Directed Health Plans Reduce the Long-Term Use of Outpatient Physician Visits and Prescription Drugs,” by Paul Fronstin, Martin J. Sepúlveda, and M. Christopher Roebuck [Note: A subscription may be required to access the full text.]

[6/5/13] LifeHealthPro: “Researchers: Health accounts may affect screening rates

[6/5/13] Pittsburgh Business Times: “Health care reform may impact hiring

[6/5/13] Kaiser Family Foundation: “Pulling It Together…Covering the ACA May Be Almost as Hard as Implementing It” from Drew Altman

[6/5/13] MetLife: 5th Annual MetLife U.S. Pension Risk Behavior Index

[6/5/13] The Washington Post: “’Phased retirement’ policy for federal workers unveiled

[6/5/13] Ascensus: “Automatic IRA Legislation Is Reintroduced

[6/5/13] Colonial Life: Five Myths About Group Voluntary Products

[6/4/13] Bank of America Merrill Lynch Workplace Insights™: “The Brave New World of Health Care: Helping Employees Transition to Full Ownership and a Long-Range View of Their Financial Wellness

[6/4/13] Accenture: Are You Ready? Private Health Insurance Exchanges Are Looming

[6/4/13] Plan Sponsor:

[6/4/13] BLS’ Monthly Labor Review: “The relationship between job characteristics and retirement savings in defined contribution plans during the 2007-2009 recession

[6/4/13] MarketWatch: “Younger savers boost Roth IRAs

[6/4/13] Investment News: “66 is magic number for retirement age, but Medicare is also a key factor, study shows

[6/3/13] U.S. Departments of the Treasury (IRS), Labor (EBSA), and Health and Human Services: Incentives for Nondiscriminatory Wellness Programs in Group Health Plans; Final rule [as published in the Federal Register on June 3, 2013]

[6/3/13] The Washington Post:

[6/3/13] Social Security and Medicare Boards of Trustees:

[6/3/13] AARP Bulletin: “Job Hunting for Older Americans: Workers, Retirees Identify Work Uncertainty as Most Pressing Financial Issue

[6/3/13] USA Today/Wall St. Cheat Sheet: “Will U.S. workers ever be able to retire?

[6/3/13] Prudential Retirement Engagement Research Series: Turning Employees Into Lifetime Savers


What's new at EBRI this month:

EBRI 2013 Spring Policy Forum: “Decisions, Decisions: Choices That Affect Retirement Income Adequacy” [“gavel to gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

EBRI 2012 Fall Policy Forum:  “’Post’ Script: What’s Next for Employment-Based Health Benefits” [“gavel to gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

EBRI 2012 Spring Policy Forum:  “’After’ Math: The Impact and Influence of Incentives on Benefit Policy” [“gavel to gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

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]

EBRI's Recent Media Coverage

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

401(k) Balances and Changes Due to Market Volatility


June 2013 EBRI Issue Brief - "Reality Checks: A Comparative Analysis of Future Benefits from Private-Sector, Voluntary-Enrollment 401(k) Plans vs. Stylized, Final-Average-Pay Defined Benefit and Cash Balance Plans"

June 2013 EBRI Notes - "What a Sustained Low-yield Rate Environment Means for Retirement Income Adequacy: Results from the 2013 EBRI Retirement Security Projection Model,®" and "Use of Health Care Services and Access Issues by Type of Health Plan: Findings from the EBRI/MGA Consumer Engagement in Health Care Survey"



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:

Patient Protection and Affordable Care Act: Status of Federal and State Efforts to Establish Health Insurance Exchanges for Small Businesses. GAO-13-614, June 19. Highlights.

Patient Protection and Affordable Care Act: Status of CMS Efforts to Establish Federally Facilitated Health Insurance Exchanges. GAO-13-601, June 19. Highlights.

Patient Protection and Affordable Care Act: Enrollment and Spending in the Early Retiree Reinsurance and Pre-existing Condition Insurance Plan Programs. GAO-13-391, April 30. Highlights.

Health Insurance: Seven States' Actions to Establish Exchanges under the Patient Protection and Affordable Care Act. GAO-13-486, April 30. Highlights.

Tax Expenditures: IRS Data Available for Evaluations Are Limited. GAO-13-479, April 30. Highlights.

The Federal Government's Long-Term Fiscal Outlook: Spring 2013 Update. GAO-13-481SP, April 11.

Private Pensions: Timely Action Needed to Address Impending Multiemployer Plan Insolvencies. GAO-13-240, March 28. Highlights.

401(K) Plans: Labor and IRS Could Improve the Rollover Process for Participants. GAO-13-30, March 7. Highlights.


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.

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Updated 6/28/13