Theres something reassuring about the way David Pittard handles his business. His methods of finding cost solutions through health and welfare management have been time-tested and successful. But in a post-reform era, Pittard faces his biggest challenges yet, with hope that the opportunities will prevail.
In order to execute new health reform provisions, actuaries say the individual mandate is too vital to be repealed. And if it is repealed, there better be alternatives.
Retirement confidence has hit a wall. It’s bad enough when workers in private employer plans are fumbling for a revolutionary turnaround with their accounts, but when lawmakers can’t pay up on pension promises, the need for a better alternative becomes evident.
Milliman’s Pension Funding Study released Tuesday showed decline in discount rates fueled record levels of pension expense for sponsors of the nation’s largest defined benefit pension plans.