Public Plans Archives - Word on Benefits

Fiduciary Basics for Governmental Plans

Amanda Wilke, CEBS

20 Aug 202420 Aug 2024

Plan sponsors have a responsibility to protect the interests of employee and retiree participants in their benefit plans. Government plan sponsors for 457 and 401(a) defined contribution (DC) retirement plans should be aware of fiduciary basics and the latest trends to protect […]

Disease Management Employee Benefits Health Care Insurance Multiemployer Prescription Drugs Public Plans U.S.

Multiemployer Plan and Public Employer Coverage of GLP-1 Drugs

Cara McMullin

26 Jun 202426 Jun 2024

New Survey Data Reveals Total Reported Annual Claim Representation for GLP-1 Drugs for Weight Loss Is Almost Ten Percent A new survey report from the International Foundation of Employee Benefit Plans reveals updated U.S. employer and plan sponsor coverage surrounding glucagon-like peptide-1 […]

Communication Compliance Defined Benefit (DB) Plans Defined Contribution (DC) Plans DOL Employee Benefits Legislative Public Plans Regulatory Retirement U.S.

Everything Plan Sponsors Need to Know About SECURE Act 2.0

Amanda Wilke, CEBS

26 May 202226 May 2022

On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (HR 2954), otherwise known as SECURE Act 2.0, by a vote of 414-5. Secure Act 2.0 builds on the 2019 Setting Every Community Up for […]

401(k) Plans Employee Benefits Pensions Public Plans Retirement U.S.

The Next Level—Supporting Women’s Retirement Security

Cara McMullin

01 Mar 202226 Apr 2022

March is Women’s History Month in the U.S.! This month is dedicated to reflecting on the often-overlooked contributions of women to history in countless fields. The 2022 Women’s History Month theme is “Women Providing Healing, Promoting Hope.” This theme is “both a tribute […]

Coronavirus (COVID-19) Employee Benefits Public Plans

Public Employers React to the COVID-19 Pandemic

Justin Held, CEBS

11 May 202012 May 2020

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 […]

Employee Benefits Multiemployer Public Plans

Your Janus v. AFSCME Explainer

Guest Contributor

27 Jun 201827 Jun 2018

Update: The Supreme Court has issued its final decision on Janus v. AFSCME, ruling in a 5-4 decision that individuals who want to opt out of public-sector unions are no longer required to pay fair share fees. The Court stated that its […]

Employee Benefits Health Care Insurance Public Plans

State of Self-Funding State Benefit Plans

Teri Dougherty, CEBS

16 Mar 201716 Mar 2017

Governor Scott Walker recently proposed self-funding Wisconsin’s $1.5 billion health insurance program for 250,000 state and local government workers and their dependents. For now, it is a proposal that is being heavily debated in the Wisconsin State Legislatures Joint Finance Committee. If […]

Employee Benefits Financial Education Financial Wellness Pensions Public Plans Retirement

Teachers Get Schooled in Financial Education

Anne Patterson

22 Nov 201624 Jan 2017

So . . . Why does a $190 billion, 103-year-old public pension fund especially need to watch its spelling and grammar on member communication materials? Because it represents 896,000 public school educators throughout California. CalSTRS, the California State Teachers’ Retirement System, shared […]