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Most Read Benefits Management News

Amending Illinois Constitution a tough path for pension reform

Published July 18, 2014 CST

If Illinois' new pension law is found unconstitutional, which looks more likely in light of a recent Illinois Supreme Court decision, one obvious remedy is to amend the constitution.

Buck Consultants renames to reflect Xerox brand unity

Published July 15, 2014 CST

Buck Consultants L.L.C. announced on Tuesday that it has adopted the brand name of its parent company, Norwalk-Connecticut-based Xerox Corp.

Firms that cut birth-control coverage must notify workers: White House

Published July 18, 2014 CST

If closely held companies want to nix their employees' insurance coverage of contraceptives, they can't do so in secret.

Supreme Court ruling will test range of health reform’s contraceptive mandate

Published July 20, 2014 CST

The U.S. Supreme Court's pivotal ruling last month that the federal government cannot force family-owned, private employers to directly provide contraceptive coverage could have wider reaching implications for private companies and benefits administrators.

TPAs are stuck with the bill in health reform contraception coverage dispute

Published July 20, 2014 CST

Even before rulings in Hobby Lobby Stores Inc. and Wheaton College court cases, third-party administrators were paying millions of dollars for contraceptive services on behalf of their religious organization clients that automatically qualified for an exception to this coverage mandate.

S&P 500 company pension deficit drops 50% in 2013

Published July 17, 2014 CST

S&P 500 pension plan underfunding was cut in half to $224 billion in fiscal year 2013, down from $452 billion in 2012, said research by S&P Dow Jones Indices.

UnitedHealth revenue beats estimates as membership jumps

Published July 17, 2014 CST

(Reuters) — UnitedHealth Group Inc. reported higher-than-expected revenue and raised its forecast, helped by the addition of 270,000 healthcare members and strong growth in its Optum pharmacy services division.

U.S. appeals court rules for same-sex marriage in Oklahoma

Published July 18, 2014 CST

The 10th U.S. Circuit Court of Appeals in Denver has ruled in favor of same-sex couples seeking the right to legally marry in the state of Oklahoma.

Appeals court revives BP retirement-plan lawsuit

Published July 16, 2014 CST

(Reuters) — A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP p.l.c. employee retirement savings plans claimed they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.

Rail authority to resume talks with Long Island Rail Road workers over benefits

Published July 16, 2014 CST

Hoping to avert a labor strike scheduled to begin this weekend, mass transit officials and union representatives in New York City agreed Wednesday to resume negotiations in an ongoing dispute over employee health insurance and pension contributions.

Benefit costs, regulations remain top HR concerns: Gallagher survey

Published July 21, 2014 CST

Rising health care costs and evolving regulations continue to be the top human resources challenge facing employers, and many companies are struggling to effectively meet that challenge, according to a new survey.

Florida judge strikes down same-sex marriage ban in Monroe County

Published July 17, 2014 CST

A Florida judge has struck down the state's ban on same-sex marriage, marking yet another victory for gay and lesbian couples in 31 states seeking equal marriage rights and benefits.

Former Anheuser-Busch workers win enhanced pension benefits after subsidiary sale

Published July 15, 2014 CST

Hundreds of former Anheuser-Busch Companies Inc. employees are owed enhanced retirement benefits under the terms of the company's pension plan, a federal appeals court ruled last week.

Cheyenne city council votes to end employee wellness program

Published June 13, 2014 CST

Citing financial strain on the municipal workers, the city council of Cheyenne, Wyoming, has voted to abandon the city's employee wellness program, despite evidence that it improved nearly one-third of participating employees' health risk profiles.

Ohio Transit Authority extends benefits to promote inclusiveness

Published July 20, 2014 CST

Achieving greater inclusiveness and competing for talent were among the primary motivations for the Southwest Ohio Regional Transit Authority's recent extension of health and dental benefits to same-sex and opposite-sex domestic partners.

Many employers keep or expand benefits to domestic partners to retain talent

Published July 20, 2014 CST

As marriage equality gains momentum in courts and legislatures nationwide, it remains to be seen how the changes will affect employers' long-term benefit strategies for same-sex and opposite-sex domestic partners.

Public pension plans reap benefits from Citigroup settlement

Published July 21, 2014 CST

State pension funds in California and Illinois are among the recipients of Citigroup Inc.’s $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the financial crisis.

Obama signs order barring federal discrimination against gays

Published July 21, 2014 CST

(Reuters) — President Barack Obama signed an executive order on Monday barring federal contractors from discriminating on the basis of sexual orientation or gender identity.

House Speaker Boehner unveils plan to sue Obama over delay of ACA employer mandate

Published July 11, 2014 CST

Speaker of the House John Boehner, R-Ohio, has released a draft resolution to authorize the House of Representatives to sue President Barack Obama for regulatory action that delayed a health care reform law provision.

UP CLOSE: John Schack

Published July 20, 2014 CST

SAN DIEGO-BASED SENIOR VICE PRESIDENT OF BUSINESS DEVELOPMENT

Dianne L. Howard named 2014 Benefit Manager of the Year®

Published June 22, 2014 CST

When it comes to their group health care plans, virtually all employers have one thing in common: Costs keep going up. For the past several years, costs on average have risen between 5% and 6% a year, and projections for 2014 fall within that range.

BROKER BEAT: Bankers Insurance L.L.C.

Published July 15, 2014 CST

Business Insurance Senior Editor Rodd Zolkos speaks with Mike Hedden, senior vice president and director of operations for Bankers Insurance L.L.C., about issues currently affecting the bank-owned agency and brokerage firm.

Majority of account holders spend down health savings accounts: Survey

Published July 10, 2014 CST

A majority of health savings account holders spend most of their account balances to pay for health care expenses, resulting in relatively small year-end balances, according to a new survey.

Enrollment in health savings accounts linked to HDHPs up 12% in 2014: Survey

Published July 09, 2014 CST

Fueled by growth in the large-employer market, overall enrollment in health savings accounts linked to high-deductible health plans increased almost 12% to nearly 17.4 million this year.

PBGC chief Gotbaum resigning from agency

Published July 11, 2014 CST

Pension Benefit Guaranty Corp. Director Joshua Gotbaum disclosed Friday that he is stepping down next month after four years as head of the federal pension insurance agency.