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Benefits Think Interesting — but ironic — study to examine working environment of Congress

News today from the Congressional Management Foundation and Society for Human Resource Management reveals that the two organizations next week will launch a new joint research project to better understand the working environment on Capitol Hill — specifically to examine how randomly selected members of Congress juggle their work and home lives and assess congressional staffers’ satisfaction with their workplace.

No type O

Last months PPACA Challenge quiz showed that — unlike type O negative blood — there is nothing universal about benefits practitioners understanding or interpretation of the Patient Protection and Affordable Care Act.

Andrea Davis
By Andrea Davis
Editor-in-Chief
Employee Benefit News

Figuring out which way is up

In the past year, I've visited more than 60 clients to discuss the impact of health care reform on their respective organizations. Through this process, I had the opportunity to meet many CFOs.

Ed Bray
By Ed Bray

Target-date funds’ design outdated, research concludes

Folio Investing research finds that other target-date funds lose 1% or more a year in performance due to inadequate diversification. The funds would do well to take a more institutional approach by looking at the relationship between asset classes to reduce risk, improve performance and deliver more consistent returns.

Lee Barney
By Lee Barney
Editor-In-Chief
Money Management Executive

The top 6 things you don’t know about health care reform, but should

In July, EBN issued the PPACA Challenge, a 30-question quiz designed to test benefits professionals’ knowledge of the landmark health care reform law, the Patient Protection and Affordable Care Act. Of the hundreds of practitioners who took the quiz, there were six questions that stumped you most often. View our slideshow to see what they were and find the right answers. For a PPACA crash course, view EBN’s award-winning PPACA interactive timeline.

Benefits Think Senators seek to end FSA ‘use it or lose it’ clause

Although generally a highly rated and highly valued benefit, one of the most irksome realities of flexible spending accounts is that account holders must drain the funds at the end of every plan year or lose them altogether. However, a bipartisan Senate proposal aims to end the FSA “use it or lose it” rule.

Insurance customers satisfied, but want more

There are significant gaps between what consumers want from their insurers and what they feel they are receiving, even though overall satisfaction levels are high, according to an Accenture survey of 7,000 people from 13 countries.

By Editorial Staff

Benefits Think ASPPA rails against ‘Gang of Six’ debt ceiling proposal

While lawmakers on both sides of the aisle mostly are teeing off on the "Gang of Six" debt reduction plan’s entitlement cuts and tax hikes, Brian H. Graff, executive director and CEO of The American Society of Pension Professionals & Actuaries, takes issue with the proposal’s cuts to tax deductions for retirement savers.

Guaranteed income could lower investors’ saving needs

The incorporation of guaranteed minimum withdrawal benefits (into defined contribution plans may reduce the level of assets required for plan participants to achieve the same level of retirement income.

Lee Barney
By Lee Barney
Editor-In-Chief
Money Management Executive

Benefits Think New tool lets employees pull on prescription plan purse strings

In a recent EBN podcast with Prescription Solutions’ Patrick Stroh, he outlined a new tool that not only allows benefits professionals to use predicting software to see how much a pharmacy benefit plan would cost by adding in, taking away or tweaking certain elements — network size, copays, etc. — but allows employees to weigh in with their preferences as well. Kind of like giving a 6-year-old a credit card, no?

Benefits Think SHRM urges Congress to make FLSA more flexible

Given the current status of the bipartisan talks on raising the debt ceiling, I’m not sure how willing to flex and bend congressional leaders are at the moment. Still, I give members of the Society for Human Resource Management credit for trying to stretch lawmakers’ thinking on modernizing the 73-year-old Fair Labor Standards Act to allow employers and employees greater flexibility.

Benefits Think Caring trumps compensation, according to survey

Okay, maybe I’m just out of touch with today’s workforce. First, employees say they will take a promotion without a pay raise. And now, a new survey shows that job seekers are looking for a caring company over a high base salary. The poll, conducted by Monster.com and Unum, finds that the top-rated item on would-be employees’ wish lists was a company “that truly cares about the well-being of its employees.” …

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