Employee benefits

New Jersey’s public pension deficit swelled 13% to $47.2 billion in fiscal 2012 as the state continued to make partial contributions to its retirement plans.

The number of employers offering a sponsored retirement plan slightly increased in 2012 from four years prior, while matches and employer contributions remained near constant, according to a survey released today by WorldatWork and the American Benefits Institute.

The new Roth in-plan conversions are getting a lot of press. Here’s what you will need to be ready for the questions heading your way.

The insurance industry is not very prepared for climate change, according to “Insurer Climate Risk Disclosure Survey: 2012 Findings & recommendations,” from the Ceres Coalition.

Two employers shared how they’ve gotten creative with the Patient Protection and Affordable Care Act at Thursday’s National Business Group on Health conference in Washington. One chose to move to a new consumer-driven health plan and the other chose a private exchange through Aon Hewitt.

Western European nations, backed by strong health care and retiree social programs, dominated the top of the list, snagging the first 10 slots in an index based on data from sources including the World Bank and the United Nations.

Health care consultants from Mercer, Aon Hewitt and Towers Watson offered advice at a recent National Business Group on Health event in Washington, D.C.

Employment attorney Jonathan Segal told attendees at yesterday’s SHRM legislative event that benefits pros need to show employees their softer, more human side. “Don’t treat employees as plaintiffs waiting to happen,” he said.

Advisers are familiar with the general challenge of getting people to take advantage of sound financial advice and do more to achieve retirement goals. A recent survey by PNC Financial Services Group quantifies that challenge, and points to some ways to overcome it.

Illinois became the second state to settle with the U.S. Securities and Exchange Commission over charges it misled investors about a growing shortfall in its employee pension funds as it sold $2.2 billion in bonds.

The Principal Financials’ Aaron Friedman says we are seeing 403(b) plan sponsors interested in reviewing their plan designs as they look to further clean up initial steps that were taken just a few years ago. This additional work is based on their own experience with compliance under the final regulations, as well as the administrative lessons they’ve learned.

Defined contribution plan sponsors who have yet to get on board with auto-enrollment -- a trend that began more than a decade ago -- are now in the minority. One study published last week in Science magazine found that 56% auto-enroll participants -- up sharply from 19% back in 2005. The study by behavioral economists Shlomo Benartzi and Richard Thayler also found that a slim majority (51%) of sponsors has embraced auto-escalation of deferral amounts.

Nearly half of all health plan members in the group and individual markets nationwide say they are interested in using a state exchange to purchase health insurance, according to a new survey by J.D. Power and Associates.

While experts once predicted savings of as much as $81 billion a year from electronic records, U.S. health care spending has continued to increase, partly because of systems that don’t share information, they say.

We’re starting your week with three important facts, developments or conversations from recent and upcoming events. This week, we’ll look at why uninsured Americans’ hospital bills are so high, more official steps forward by HHS on public exchanges and HHS goals for tech improvements in 2013.

By the time Astra Augustus left Virtua Memorial Hospital in New Jersey after the last of four surgeries, she’d run up about $255,000 in bills.

Although Millennials have been called everything from "innovative" to "entitled," the recent "Stress in America" study from the American Psychological Association has different label for them: Stressed.

It’s getting a lot of press. “It” is the provision in the recently passed American Taxpayer Relief Act of 2012 that now allows participants in 401(k) plans to convert existing traditional 401(k) balances to Roth 401(k) balances.

Participant guidance, advisor relationships and regulatory environment drive success in the below $50M market

Insurer Boasts 2% Average Fees on Annuity Assets.