Employers focused on Obamacare may be missing one of todays most important compliance issues: benefits for same-sex married couples. Since June 2013, when the United States Supreme Court ruled in U.S. v. Windsor that a federal statute limiting the terms spouse and marriage to couples of the opposite sex was unconstitutional, a sea-change has taken place in national attitudes about same-sex marriage.
As people live longer and healthier lives, theyll continue to find satisfaction from work even after they retire from their primary career. Employers wanting to tap into this new workforce and retain older workers can do so through offering benefits such as sabbaticals, mentoring opportunities and flex time, says Ken Dychwald, Ph.D., founding president and CEO of Age Wave, a research company. Here are four myths employers can help debunk for employees uncertain about retirement.
Social Security will still be around when your employees retire, it just might look a little different. Here are five changes to expect in the coming years.
Even if they began saving late or have yet to begin, it's important for your plan participants to know they are not alone, and there are steps they can take to kick-start their retirement plan. Merrill Lynch has provided the following tips to help boost their savings - no matter what their stage of life - and pursue the retirement they envision.
While pension cash outs for former employees are sometimes attractive to employers, several common concerns otherwise deter them from the option.
One recent court case suggests your employer clients should consider including disclaimers in benefit notices to protect against changes in retirement plan payouts.
A handful of letters from trade groups and the Chamber of Commerce reject as premature and imprudent the DOLs proposal to require retirement plan service providers supply guides to fee disclosures.
American workers are increasingly satisfied with their retirement plans and interested in investing in them, a trend advisers and employers use in their favor.
Because alternative investments, such as private equity, hedge funds and real assets, are typically accessed though a limited partnership structure, retirement plan fiduciaries are charged with more extensive due diligence as compared to monitoring daily valued mutual funds or separate accounts.
Rising interest rates and strong stock market performance have improved funding ratios for DB plans and created an environment in which plan sponsors can and are acting decisively to mitigate risk.
The IRS last week issued Notice 2014-19, which sets forth the rules for recognition of same-sex spouses in retirement plan administration. Here's what employers need to know.
While a flurry of recent, presidential-level focus on Americas retirement system might be a good opportunity for dialog on its shortfalls, those in the retirement industry fear that a new era of potential tax grabs is on the horizon.
Commentary: Its not too late to set up a 2013 retirement plan. It may not be flexible, but it is available for those seeking last-minute savings.
A new schedule change ending the twice-a-year premium requirement to large company-sponsored pension plans, orchestrated by the Pension Benefit Guaranty Corporation, is expected to be a boon for retirement plan sponsors.
In this commentary, one retirement plan adviser says government efforts and taxpayer funds would be better directed to educating employees on the importance of contributing to their 401(k) accounts and providing additional tax incentives for those few employers that have not already established a 401(k) plan.