Lisa V. Gillespie

Lisa V. Gillespie

Writer

Lisa V. Gillespie is a freelance writer in Washington, DC.

Investor optimism surges, yet investors feel retirement futures are out of their control

Overall U.S. investor optimism has surged back up to the February 2011 level with a significant jump from September, according to a survey from Wells Fargo and Gallup. Seventy-two percent say they are either better off (40%) or no worse off (32%) than they were nearly four years ago, before the last presidential election, while 27% say they are worse off financially.

As cost increases stabilize, employers remain aggressive about health care cost-cutting

Although the rate of health care cost increases is expected to remain stable in 2012, employers are taking more aggressive steps to manage their rising costs and improve employee health, according to findings from the 2012 Towers Watson/National Business Group on Health Employer Survey on Purchasing Value in Health Care. The survey was completed by 512 employers who work at companies with at least 1,000 employees and collectively employ 9.1 million full-time employees, and represent more than $87 billion in annual health care spending.

Large employers increasingly see incentives as solution to health

While there is still much discussion about whether and how incentives really work for engaging employees in wellness programs, most companies still plan on increasing the dollar value of the incentives they offer. That’s according to a survey of 139 employers from Fidelity and the National Business Group on Health released last week to analyze the growth of health-improvement programs in the workplace, which usually entail condition-management services (e.g., managing insulin treatments), lifestyle-management services (e.g., weight-loss advice) and health-risk management services (e.g., onsite flu shots).

Underfunding of liabilities most important DB pension risk

Sponsors of the largest U.S. defined benefit pension plans are deepening their risk-management focus on plan liabilities and are increasingly viewing plan assets in the context of liabilities, according to a new study from MetLife released Wednesday. Amid ongoing economic and regulatory uncertainty, the top two risk factors identified as most important to plan sponsors today continue to be liability-related: underfunding of liabilities and asset and liability mismatch. These two risks are followed in the importance rankings by asset allocation and meeting return goals, two investment-oriented risks.

VSP discontinues coverage for popular frames

In 1998, Aspex Eyewear, an eyewear designer that also develops frame technology, was in talks with Altair Eyewear, Inc., another frame designer, about potentially licensing a clip-on technology. Aspex alleges Altair sent the frames to China to make copies and then came out with a very similar clip-on frame. On August 5, 2002, Aspex filed suit for patent infringement.

Workers willing to trade pay for benefits

An increasing number of U.S. workers say they are willing to trade some of their pay for more secure and generous retirement and health care benefits, according to a survey released today by Towers Watson. In addition, nearly half of workers polled say they are worried about reductions in their retirement benefits over the next two years.

New retirement reality, longer life expectancy cause many to rethink planning for later years

Average life expectancy has risen dramatically during the last century. The U.S. Census Bureau estimates that the number of centenarians, people who live to be 100, rose from 2,300 in 1950 to nearly 80,000 in 2010, and will exceed 600,000 by 2050. And according to the Society of Actuaries, a 65-year-old couple now has a 31% chance of at least one spouse living past the age of 95

Private pensions in crisis: Where do we go from here?

Private pension downfalls of recent years aren’t only plaguing private companies and employees, but the federal government, prompting a group of retirement policy experts to gather in Washington, D.C. yesterday to discuss possible solutions, including re-imagining what the defined benefit plan could look like.

Supreme Court may wait until 2014 to rule on individual mandate

This summer, the Supreme Court is set to rule on the constitutionality of a provision in the Patient Protection and Affordable Care Act that requires individuals to buy health insurance or pay a tax penalty. Tuesday, the Supreme Court increased the time for next month’s oral arguments from 5.5 hours to six hours, allowing an extra half hour to discuss the Tax Anti-Injunction Act, a law that says courts may not halt a tax that isn’t yet being collected.

Annual savings week pushes for workers to wake up and smell the 401(k)

The fifth annual national survey assessing household saving revealed that — despite hopeful macroeconomic signs — an increasing number of Americans are having difficulty saving to meet goals ranging from meeting emergencies to affording retirement. Over the last three years, the number who spend less than their income and save the difference, are building home equity, have adequate emergency savings, and think they are saving enough for retirement has declined. However, the survey also revealed that having a savings plan has beneficial financial effects, even for lower-income families.

Manufacturing jobs make U.S. comeback, but employees need new skills

The manufacturing jobs once thought to be lost to China and India are slowly making a comeback in the United States, though they’re in different specialties than originally thought. Last week, employers representing the private sector, education and government came together to talk about the future of jobs in America, and the message was hopeful, but not without caveats.

Is traditional retirement a thing of the past?

Are workers really retiring anymore? A new study shows 57% of workers age 60+ say they will look for a new job after retiring from their current company, showing that retirement no longer means the end of one's career. The survey included more than 800 U.S. workers age 60 and older and more than 3,000 hiring managers and human resources professionals.

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