Banco Popular de Puerto Rico

My colleagues at Money Management Executive have sussed out some interesting stats from Harvard economist David Laibson. According to the professor, although most of us still are saving too little for retirement, some 10% actually are saving too much!

As the workforce ages, it seems age is not always accompanied by wisdom, as research from Prudential Financial shows just a small number of employees understand the benefits of long-term care insurance.

As if the venomous beast known as the COBRA subsidy hasn’t been a tough enough snake for employers to charm, now companies have to worry about getting bitten by the IRS.

Depending on whom you ask, the nation’s largest retailer of natural and organic foods can be held up as a model for health care reform for other employers to emulate or dismissed as a notorious cost-shifter that forces employees to ration their care.

That overtly obvious statement comes courtesy of Arthur Noonan, a senior consultant and actuary in Mercer’s retirement, risk and finance business, in reference to new Mercer data that show the U.S. retirement income system ranks sixth among 11 countries in a global pension index comparing private and public pension systems based on adequacy, sustainability and integrity. …

A press release I received from Hewitt this morning seemed pretty ho-hum at first glance: the consulting firm finds that last year 46% of job changers/laid-off workers cashed out their 401(k)s.

I know I don’t need to tell you that times are tough out there, pros. So tough, in fact, that if your company sponsors a defined benefit plan, your participants might actually stage a sham divorce just to gain access to their pension funds.

Democrats can placate Republicans by passing a bill that focuses on baseline health insurance reforms and budget-neutral measures that eliminate preexisting conditions, promote portability and cap out-of-pocket costs.

A significant disparity in health insurance costs between young and old tied to risk-based ratings has crippled the individual and small group markets with generally fewer than 50 lives.

AHIP President Karen Ignagni may send David St. Clair a thank you note this week. On his blog last week, St. Clair, founder and CEO of MEDecision, defended the health insurance industry against charges from the White House and other lawmakers that carriers were throwing up roadblocks in the health care reform debate, following an AHIP report that showed average premium increases of some 40% if the reform bill being considered by the Senate Finance…