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Record $469 billion pension plan deficit reported for 2008
A new study by Mercer shows that the 2008 year-end funded status for S&P 1500 dropped to 75%, compared to 104% at the end of 2007. "This equates to losses of an estimated $469 billion over 2008, causing an aggregate surplus of $60 billion at the end of 2007 to be replaced an estimated aggregate deficit of $409 billion at the end of 2008," Mercer states.
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Conference focuses on union benefit plans
The home of the Alamo played host to managers of benefit plans stamped with the union label. Union members and benefits professionals from around the country flocked to San Antonio, Texas, for the 54th annual International Foundation of Employee Benefit Plans Conference.
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Concierge benefits give employers an edge in recruitment and retention
In today's economy, the catered meals, dry cleaning and babysitting services traditionally associated with the Googles of the world are peeling off faster than last year's political bumper stickers.
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