Disabled by a log-term headache: downed executives pose real dilemmas for a treasurer when it comes to financing their care

Article Abstract:

Long-term disability of executives have long been the headache of many corporate treasurers due to the lack of providers who can provide the service at the level expected by the executives. The benefits of many executives come as a rider on group insurance plans, with the additional price of the premium split between employer and executive. But these rider policies can provide only a maximum of 60% of the executive's salary and many times have a sunset clause where the executive can only avail of the full plan benefits upon reaching a specified age. Accidents, injuries or disabilities prior to the specified age would limit the support given to executives.

Direct Health and Medical Insurance Carriers, Surety insurance, Income Loss Insurance, Analysis, Management, Compensation and benefits, Executives, Executive compensation, Employee benefits, Disability insurance

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The S&P 500 under the microscope

Article Abstract:

Many corporate pension fund managers are shifting from Standard and Poor's 500-Stock Price Index to the Russell 3000 and the Wilshire 5000. The change is attributed to the requirement by some firms of a broader benchmark that covers small capitalization stocks. However, one effect of such a shift is that lower benchmarks are set for well defined-benefit and nonqualified pensions.

Evaluation, Stock price indexes, Standard and Poor's 500-Stock Price Index (Index), Wilshire Index (Index)

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