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Most Read Benefits Management News

House approves bill to allow multiemployer pension plan benefit cuts

Published December 12, 2014 CST

Trustees of financially distressed multiemployer pension plans would be allowed to cut participants' benefits to prevent the plans from becoming insolvent under legislation narrowly approved by the House of Representatives Thursday night.

New London firefighters drop DC plan, join Connecticut retirement system

Published November 20, 2014 CST

New London, Connecticut, firefighters are back to participating in a municipal defined benefit plan after being in a 401(a) defined contribution plan for 17 years.

Employers vetting private health exchanges more closely: Report

Published December 12, 2014 CST

Private health insurance exchanges will continue to draw broad interest from employers in 2015, but new adoptions will likely be limited to benefit programs for certain types of employee groups.

U.S. corporate health exchanges find no new blue chip clients

Published December 15, 2014 CST

(Reuters) — Companies in the health care sector have invested hundreds of millions of dollars to build exchanges that allow company employees to buy their own insurance, betting that Corporate America wants to get out of managing workers' health benefits.

Dental gap: Coverage slips through reform's cracks

Published December 09, 2014 CST

Dental care is a peculiar niche of the U.S. healthcare system. Even though teeth and gums are just as much part of the human body as kidneys or elbows, they are insured differently — a lot differently.

Congress gives final OK to bill allowing multiemployer pension plan benefit cuts

Published December 15, 2014 CST

Trustees of financially distressed multiemployer pension plans would be allowed to cut participants' benefits to prevent the plans from becoming insolvent under legislation given final congressional approval Saturday.

Employee wellness programs continue to focus on obesity despite lawsuits

Published December 07, 2014 CST

Rising obesity-related health care costs are leading some employers to take a firmer approach to workplace wellness programs despite the potential to violate anti-discrimination laws.

New Jersey pension system funding plummets under new rule

Published November 26, 2014 CST

(Reuters) — New Jersey's retirement system for public employees is in worse shape than previously reported, thanks to recent accounting changes that are starting to be rolled out across the country.

Aetna says demand surging for individual ACA plans

Published December 12, 2014 CST

(Reuters) — With the deadline approaching for individuals to renew healthcare plans purchased on HealthCare.gov, Aetna has begun to see a surge in customers for 2015, the insurer’s new president said on Thursday during a meeting with analysts and investors.

Publicly traded insurers can survive without ACA subsidies: analysts

Published December 11, 2014 CST

Publicly traded insurers may not feel too much financial pain in the short term if the U.S. Supreme Court strikes down Patient Protection and Affordable Care Act premium subsidies offered through the federal exchange and Congress doesn't act to restore the financial assistance, analysts say.

Rhode Island pension reform lawsuit set to go to jury trial April 20

Published December 03, 2014 CST

Rhode Island Superior Court Judge Sarah Taft-Carter on Tuesday granted a request by the state's lawyers for a jury trial in the lawsuit challenging Rhode Island's 2011 pension overhaul and set a trial start date of April 20.

California health insurance exchange enrollment off to strong start

Published December 10, 2014 CST

California, the state with the biggest public health insurance exchange, says enrollment for 2015 is far surpassing the enrollment rate during a similar period last year.

Supreme Court reviewing pivotal health insurance exchange premium subsidy case

Published November 23, 2014 CST

The ability of employers to slash their early retiree health care costs will depend on the outcome of an upcoming U.S. Supreme Court decision on whether federal premium subsidies authorized by the health care reform law can be used by retirees to purchase coverage in federal health insurance exchanges.

Allegheny Technologies to freeze DB plan for certain employees on Dec. 31

Published December 12, 2014 CST

Allegheny Technologies Inc., Pittsburgh, announced on Friday it will freeze the benefit accruals of certain participants in its U.S. defined benefit plan on Dec. 31, spokesman Dan Greenfield said.

Public health exchange enrollment could increase up to 70% in 2015: Consultant

Published December 16, 2014 CST

Enrollment in public health insurance exchanges by the end of 2015 is projected to increase between 40% and 70%, with enrollment falling in a range of between 9.5 million and 11.5 million, a health care consultant estimates.

Depression in the workplace remains problematic, costs employers billions

Published December 07, 2014 CST

Depression among workers is costing U.S. employers billions, but few companies have devised strategies for effectively reducing the financial and operational effects of depressive illness.

New York State Common Retirement Fund returns -0.52% for quarter

Published November 26, 2014 CST

New York State Common Retirement Fund, Albany, returned -0.52% for the quarter ended Sept. 30, said Matthew Sweeney, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the pension fund.

Sen. Orrin Hatch calls for retirement savings legislation

Published December 16, 2014 CST

Tax incentives for retirement plan sponsors and participants are “under increasing pressure” on Capitol Hill to be reduced, Sen. Orrin Hatch, R-Utah, told the Financial Services Roundtable in Washington on Monday.

Illinois attorney general seeks expedited hearing on pension law

Published December 05, 2014 CST

Illinois Attorney General Lisa Madigan's office is seeking an expedited state Supreme Court hearing on the state's 2013 pension law after a lower court ruled last month the law was unconstitutional.

Employers take wait-and-see approach to private health care exchanges

Published December 16, 2014 CST

While employers' interest in private health insurance exchanges as an alternative health benefits delivery solution remains high, few companies appear willing to be counted among the early adopters, a survey shows.

Nearly 2.5 million enrolled in federal health plan exchange for 2015 to date

Published December 16, 2014 CST

Nearly 2.5 million individuals signed up for health insurance plans through the federal exchange during the first four weeks of the 2015 open enrollment, the Centers for Medicare and Medicaid Services reported Tuesday.

Sign-ups near 1.4 million in federal health insurance exchange

Published December 10, 2014 CST

Nearly 1.4 million individuals signed up for health insurance plans through the federal exchange during the first three weeks of enrollment, the Centers for Medicare and Medicaid Services reported Wednesday.

TRW Automotive Holdings agrees to annuity buyout with MetLife for U.S. retirees

Published December 16, 2014 CST

TRW Automotive Holdings Inc., Livonia, Michigan, purchased a group annuity contract from MetLife Inc. in a $440 million transaction to provide pension benefits to more than 7,000 TRW retirees and beneficiaries, said Shelly Iacobelli, director, pensions and benefits, in an email.

Will the Supreme Court accept the Obamacare subsidy challenge Friday?

Published October 30, 2014 CST

The U.S. Supreme Court justices are scheduled on Friday to discuss whether to accept a case with the potential to severely disrupt health coverage for millions of Americans under the Patient Protection and Affordable Care Act. If they take the case, it could introduce an unexpected issue into next Tuesday's elections over the future viability of the healthcare reform law.

Proposed spending bill lets some multiemployer plans cut retiree benefits

Published December 10, 2014 CST

Based on a proposal from the Partnership for Multiemployer Retirement Security, a business and labor group, the legislative amendment expected to be approved Wednesday would allow the most distressed multiemployer plans to cut retiree benefits to prevent plans from becoming insolvent and winding up at the Pension Benefit Guaranty Corp. It also increases PBGC premiums to $26 from $13 per…