Awesome Work Perk Gets Retired
What could possibly be better than working at a brewery? Perhaps getting free, lifetime beer from said brewery, which was the case for one Canadian brewery … until it recently decided to do away with the perk.
Tag: benefits
Survey: Over 50% of Workers Open to Leaving Their Current Employers
As the economy continues to improve, so do the chances of your employees looking for new job opportunities. A recent survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, finds 52% of employees are open to leaving their current employers for new opportunities. Of these employees, 44% are actively […]
EEOC Seeks Enhanced Damages for Age Discrimination in Benefits Calculations
by Kevin C. McCormick, JD, Whiteford, Taylor & Preston LLP In a significant decision, The U.S. district court in Baltimore declined to award the Equal Employment Opportunity Commission (EEOC) retroactive or prospective monetary relief in an age discrimination case in which the agency claimed that Baltimore County had improperly calculated pension fund contributions.
FMLA Notice Requirements: Substitution and ‘Make Up’ Leave
In previous articles, we covered the four calendar methods for tracking nonmilitary caregiver Family and Medical Leave Act (FMLA) leave. One way was the variable or rolling method that is used to minimize or avoid the stacking of leave. However, this raises the question of whether or not employees can substitute leave or “make up” […]
Study: One-on-One Consultation Important During Benefits Education
Open enrollment is an opportune time to educate employees on the traditional and voluntary benefits available to them, and a recent survey suggests that this type of education is needed.
PBGC and Alcoa Inc. Reach Agreement on $150 Million in Additional Pension Funding
The Pension Benefit Guaranty Corporation (PBGC) has reached an agreement with Alcoa Inc. to provide an additional $150 million in pension contributions to the company’s two largest pension plans, which cover more than 83,000 people.
Millennials Are All About the Benefits—But the Details? Not So Much
Millennials now represent the largest segment of the U.S. labor force, and they have strong feelings about the compensation and other benefits they expect their employers to offer.
As DOL Steps Up Health Plan Audits, Preparation and Documentation Are Critical
As the U.S. Department of Labor’s (DOL) benefits portfolio has swollen with the implementation of healthcare reform, wellness rules, and other mandates, the agency’s health plan audits have become more frequent, comprehensive, and fraught with pitfalls for plan sponsors and fiduciaries.
The Complex Intersection of Medicare and COBRA: Some Helpful Guidelines
Remember those old Reese’s peanut butter cup commercials? Chocolate and peanut butter … two great tastes that taste great together.
Social Security Wage Base Limit Raised to $127,200
The maximum wage base for Social Security tax will be $127,200 in 2017, up from $118,500 in 2016, the U.S. Social Security Administration (SSA) announced October 18.