The COVID-19 pandemic has had dramatic implications for workplace retirement programs. Volatile market conditions have organizations and individuals reviewing their financial options. At the same time, these conditions have led to interruptions in employment, as employers contemplate and implement furloughs, hiring freezes, […]
The coronavirus is a challenge unlike most public employers have faced. The pandemic has brought major changes to both retirement and health care benefits, including defined benefit and contribution plans, prescription drug benefits, mental health offerings and short-term disability benefits. A new […]
The implications of COVID-19 have sown uncertainty into the economy both domestically and internationally. Favorable investment returns are key to providing stability in retirement and health benefit funds. An April 8 International Foundation webcast led by Ian Toner, CFA, Chief Investment Officer […]
The International Foundation has surveyed benefit practitioners about their workplace wellness initiatives for nearly a decade. Over that time period, there has been a marked shift in the primary motivation for offering these benefits—from controlling organizational health care costs to improving overall […]
According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2002-2016), the average defined contribution (DC) plan account balance increased significantly from 2002 to 2016, growing to $38,900, while aggregate disbursements also grew. The increase in disbursements—coupled with a lack of growth […]