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Benefits Day 2010

The Greater Pittsburgh Chapter of ISCEBS and the PHRA have formed a partnership to present our members with a 1 Day Conference focused on Benefits.

 

Benefits Day 2010

Contemporary Benefit Issues

May 19, 2010

Regional Learning Alliance

Cranberry, PA 16066

8:30 am – 3:30 pm

 

5 CE Credits Approved

$125 for CEBS and PHRA Members

$150 for Non CEBS and Non PHRA Members

 

Register by Mail:

Make check payable to: Greater Pittsburgh Chapter ISCEBS

c/o Jason A. Kurz

The Standard Insurance Company

One Gateway Center

420 Ft. Duquesne Blvd.

Suite 1300

Pittsburgh, PA 15222

 

Schedule 

Time
 
Session
8:30am – 8:50am
 
Introduction
 
ICEBS Business
CE Sign-In Process
 
8:50am – 9:40am
Retirement Spend Down - Guaranteed Minimum Withdrawal Benefit (GMWB)
 
Evolution of Defined Contribution Market
·   Where we started
·   Behavioral Finance
·   Realities of behavioral finance
·   What have we learned
 
Retirement Market Evolution
 
GMWB and Asset Allocation
·   Can we solve the need through asset allocation?
·   Replacing uncertainties with guarantees
 
How GMWBs Work
·   Accumulation period
·   Withdrawal period
 
         Best Practices with GMWBs
 
9:40am – 10:30am
Medicare and the Impact of Health Care Reform on the Future of Medicare
 
Medicare Overview - A Review of the Basics
 
Medicare supplement plans
·   Individual standardized plans
·   Group plans that mirror standard plans
 
Medicare Advantage plans
·   HMO
·   PPO        
·   PFFS
·   Employer Group Waiver Plans
·   Part D prescription drug plans
 
Medicare Funding Issues - Past, Present & Future
·   The "Doc Fix" dilemma
·   CMS's (annual) 45 day notice
·   The impact of reimbursement cuts to Medicare Advantage plans
        
Impact of Health Care Reform on Medicare
·      Fee-for-Service reimbursement
·      Networks and discounts
·      Impact to the Retiree Drug Subsidy
·      Medical management to control future costs
·      Who's going to pay for health care reform?
·      Examining the winners and losers of health care reform:
o        Carriers
o        Plan sponsors
o        Medicare beneficiaries
    • Providers
10:30am – 11:40am
BREAK
 
10:50am – 11:40am
An Integrative Approach to Health & Productivity
 
Drive Toward Goal of Well-being for Individuals and Entire Population
·   Key learnings from past programs
·   Started with focus groups and surveys
 
Specific Tactics Used to Gain Program Participation
·   Wellness champion teams
·   Weekly "Wellness Wednesdays"
·   Seminars, newsletters, and other communication tools
·   Leveraging testimonials from early adopters
·   Absence Management
·   Along the entire health continuum
·   Using absence to drive intervention
 
The Key Benefits for Employers and Employees
·   Proven results to date
o        Summary of results - a 10 year retrospective
o        Use of scorecard and measurements
Return on investment - ROI
11:40am – 12:30pm
Estate / Insurance Planning in Uncertain Times
 
 
Estate Tax
·   Marital deduction
·   Unified credit equivalent - currently $3,500,000
·   Rates up 45%
·   Annual gift tax exclusion - $13,000 in 2009
·   Life insurance
·   Review asset ownership
 
Issues to Consider
·   Section 1035 Exchanges
·   Transfer to value rule
·   Gifts of life insurance
·   Sales of life insurance
o        Lifetime settlement, section 108(g)
·   Charitable issues
·   Life settlement transaction
 
Types of Insurance Policies/Premiums
·   Term        
·   Whole Life
·   Split Dollar
·   Second to die
·   Business succession
 
Circumstances for Use of Life Insurance
·   Estate Planning
·   Business Buy/Sell Agreements
·   Protect marital settlement
·   Cash for family
 
Who Should Own Life Insurance
·   Insured
·   Spouse/Family
·   Business
·   Irrevocable life insurance trust
 
Special Needs Trust
New Roth IRA Opportunities in 2010
·   2010 conversion rules
 
Year End Diagnostic Review
·   Will         
·   Power of Attorney
·   Living will/Healthcare directive
·   Life insurance trust
·   Review beneficiary designation
·   Asset ownership
·   Gifting
·   Disaster planning
12:30pm – 1:20pm
Lunch
 
1:20pm – 2:10pm
Managing an Expatriate Program
 
 
 
Selection and Preparation of Expatriate Employees/International Assignees
·   Assessment tools
·   Spouse/family input on decision
·   Briefing with current expatriate business person
 
What Benefits are Appropriate for an Expatriate with and w/o Family Members?
·   Visa and immigration
·   Home sale or assistance with rental
·   Medical benefits - global or retain domestic
·   Taxes
·   Security and evacuation preparation
·   Culture and language training
·   Schooling
·   Home leave
        
Efficient Utilization of Relocation Benefits
·   Set clear expectations for who is responsible for different aspects
·   Range of services to be provided by relocation provider
·   Duration of services - duration of assignment?
 
On the Ground at Destination - who is there to provide local guidance?
·      Local HR vs. relocation provider
·      Current expatriate employees/spouses
·      International schools
Repatriation or Next Assignment
·   Who has responsibility to find a position upon repatriation?
·   How will employee stay or become connected to home office or future office?
        
Importance of Communication through Assignment
·   Pre-departure
·   Post-arrival
·   During assignment - newsletters, corporate/home/local business updates
·   Pre-repatriation or new domestic or international assignment
·   Post-repatriation or new assignment - are skills and experiences being utilized - ROI
2:10pm – 2:20pm
Break
 
2:20pm-3:10pm
Target Date Compass: An Overview of the Fiduciary Landscape
 
 
Opening Remarks and Issues Facing Target Date Funds
·      Not all Target Date Funds are the same
·      Understanding risks associated with various Target Date strategies
·      SEC and DOL intervention
 
Establishing a Fiduciary Process when Selecting Target Date Funds
·      Qualitative and quantitative analysis
·      Analysis of asset allocation
·      Analysis of glide paths
·      Analysis of knowledge and interest of the plan fiduciaries
·      Analysis of plan and participant needs
 
Building a Framework to Help Sponsors Select the Appropriate Target Date Strategy
·   Target Date Compass
·   Target Date Questionnaire
·   Target Date Analysis
 
 

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