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Articles by Patty Kujawa

Most Workers Woefully Unprepared for Retirement

April 5, 2010
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Twenty-seven percent of employees have less than $1,000 in savings, according to the Employee Benefit Research Institute’s annual retirement survey. More than half of respondents say their total value of household savings and investments is less than $25,000. The survey results present a strong case for automatically enrolling participants in plans and automatically escalating contribution rates.
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Minority Employees Trail in Retirement Plan Participation

February 24, 2010
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The lowest participation is by nonnative-born Hispanic workers. Employers can tackle the problem of lower minority-worker participation through automatic enrollment, automatic escalation of deferral rates and adding more sophisticated financial education.
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Special Report on Pension & Retirement Benefits Playing Catch-Up

January 21, 2010
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The market plunge and boomers’ arrival at retirement age have sponsors of defined-contribution plans scrambling to get workers to save more and prevent them from staying in their jobs too long. Three major trends are on employers’ side.
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Retirement Readiness Cautious Optimism

January 21, 2010
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In surveys last year, U.S. workers said that their retirement picture didn’t look all that great. But things may not be as bad as they thought.
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DB Sponsors Under the Gun to Fund Plans

January 21, 2010
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The Pension Protection Act of 2006 requires defined-benefit plans to be fully funded by 2011. Because of the financial crisis, Congress eased the law’s original funding requirements in 2008. But each year, companies still need to meet specific funding levels until plans are 100 percent funded in 2011.
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More 401(k) Plan Sponsors Considering Collective Trusts

May 7, 2009
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For years, mutual funds have been more popular among 401(k) plan sponsors, but the need to reduce plan costs has more companies considering collective trusts.
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Workers Comp Fraud Can Be Pricey for Employers

March 27, 2009
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While there is no clearinghouse tallying all workers’ compensation claims fraud, the National Insurance Crime Bureau says it is a significant contributor to the country’s $30 billion insurance scam problem.
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Tackling Health Problems by Addressing Racial Disparities

May 29, 2008
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A government/private sector group is spending the next two years and $300,000 building the case that improving the quality of health care for minority employees will have positive results for everyone.
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You Get What You Pay For

January 30, 2008
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One approach to variable pay is activity-based compensation, in which part of an employee’s base pay hinges on hitting specific goals. For programs to be successful, employers need to measure the right things. Employees need to understand the metrics and know how well they’re doing.
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