Employer Strategies

Capital Group Cos., owner of American Funds, is expanding its investment options and reorganized its equity teams in response to feedback from financial advisers

New York Governor Andrew Cuomo, pressed by critics including Comptroller Thomas DiNapoli, dropped a plan meant to give pension-cost certainty to local officials that may have left the system unable to pay benefits.

New legislation was issued last night in the Senate that would remove broker compensation from the MLR calculation.

Employers have until May to begin using the new Form I-9, or else face penalties from the U.S. Citizenship and Immigration Services, the arm of the federal government that enforces immigration policy.

Stable value funds require careful scrutiny in the initial selection phase and on an ongoing basis. A new report offers a comprehensive look at the latest trends, and a helpful due-diligence list to use when you are looking at funds for clients.

Prohibitions against dual compensation for fiduciary advisers haven’t been fully grasped, suggests prominent ERISA attorney Fred Reish.

The California State Teachers’ Retirement System’s $73 billion unfunded liability may be the state’s “most difficult fiscal challenge” and lawmakers should increase funding for the second-largest U.S. pension, the Legislative Analyst’s Office has reported.

Illinois teachers would be asked to choose between pension increase and retiree health under a measure that was adopted by the state’s senate this week. The bill’s impact is a matter of dispute. Illinois’ pension system is the most under-funded state system in the country.

The Labor Department provides more rationale to guide clients to best-in-class asset managers. But consider the case for “quasi-customization.”

The report card, developed by Catalyst for Payment Reform and the Health Care Incentives Improvement Initiative (HCI³), examined multiple transparency factors on a 100-point scale.