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Most employers with traditional defined benefit (DB) plans are interested in transferring their pension plan risk off their books, according to a retirement plan industry think tank that measures pension buyout activity.
Recently proposed legislation affecting the Affordable Care Act (ACA) alleviates much of the law’s burden on employers. And even though the bill will probably face several rounds of changes, the provisions undoing employers’ responsibilities are relatively uncontroversial and will likely be left alone, experts say.
Recently, the Minnesota Supreme Court held that an employee’s misrepresentations on an employment application qualified as “employment misconduct” under the Minnesota Unemployment Insurance Law, Minn. Stat. ch. 268. As a result, the employee was disqualified from receiving unemployment benefits.
On March 13, the nonpartisan Congressional Budget Office (CBO) released its cost estimate of the effects of the proposed Affordable Care Act (ACA) repeal/replace legislation.
Legislation approved by a House committee would largely negate the U.S. Equal Employment Opportunity Commission’s (EEOC) wellness program rules, which plan sponsors have criticized for adding a duplicative layer of regulation to earlier standards set by other agencies.
Many employers have taken notice that employees today are requesting flexible work options more often. Whether that’s telecommuting, a flexible work schedule, a shortened work week, or some other flexible arrangement, these types of benefits are becoming more and more common.
Workers are getting older, sleepier, and increasingly worried about their finances while they rely on mindfulness and emerging technology to help them achieve their desired health. This is the state of wellness according to the 2017 Humana Wellness Trends Report.
Replacing employees is expensive. In a time of low employee retention and high turnover, employers are striving to improve programs with a positive impact on employee engagement. “While individual benefits may not drive retention, benefits packages that address employees’ needs demonstrate that a company cares and, in so doing, become a driver of retention,” said […]
The Internal Revenue Service (IRS) has postponed the notice requirement for the new “qualified small employer health reimbursement arrangement” (QSEHRA) program, until the agency issues further guidance.
When will the U.S. Pension Benefit Guaranty Corporation (PBGC) premiums force a change in contribution policy? A look at the federal agency’s accounting statements points to the answer: “Sooner rather than later.”