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Most Recent Benefits Management News

Willis partners with sleep health management specialist FusionHealth

By: Kate Shepherd

Published August 21, 2014 - 3:00pm CST

Willis North America Inc. has partnered with Atlanta-based sleep health management solutions provider FusionHealth to help firms reduce risks associated with sleep disorders.

California governor decries Calpers vote on pensions

Published August 20, 2014 - 2:46pm CST

(Reuters) — California Gov. Jerry Brown decried a move by the state's giant public pension fund on Wednesday to include temporary pay hikes in the way pensions are calculated for newly hired workers.

EEOC says energy company's wellness program violated ADA

By: Judy Greenwald

Published August 20, 2014 - 2:32pm CST

The U.S. EEOC has filed suit against an energy company for allegedly violating the ADA, charging that it shifted responsibility for paying health care premiums to an employee.

Employers expect modest health plan cost increases in 2015: Survey

By: Jerry Geisel

Published August 20, 2014 - 1:49pm CST

Employers are expecting only modest increases in 2015 in their group health care plan costs, but are looking at new approaches to continue to keep costs under control, according to a survey released Wednesday.

Washington state high court rules pension benefit reductions constitutional

By: Rob Kozlowski, Pensions & Investments

Published August 20, 2014 - 10:11am CST

The Washington State Supreme Court upheld as constitutional two bills passed by the state Legislature in 2007 and 2011 that reduced benefits for some participants in several of the state’s pension funds.

Calpers set to allow 100 extra pay types count toward pensions

Published August 20, 2014 - 9:14am CST

(Reuters) — The California Public Employees' Retirement System, America's largest public pension fund, is expected to approve nearly 100 types of extra pay on Wednesday that will count toward how pensions are calculated for newly hired workers.

West Palm Beach, Fla., contractors must offer domestic partner benefits

By: Matt Dunning

Published August 19, 2014 - 3:02pm CST

City commissioners in West Palm Beach, Florida, on Monday unanimously approved an ordinance requiring private companies that contract with the city to provide equal benefits for domestic partners.

Pension law, regulation pioneer Robert Nagle dead at 84

By: Jerry Geisel

Published August 19, 2014 - 1:25pm CST

Robert Nagle, a long-time pension policymaker and regulator, died Saturday at his home in McLean, Virginia. Mr. Nagle, 84, had been battling cancer.

Final vote phases out Massachusetts' state health insurance mandate

By: Jerry Geisel

Published August 18, 2014 - 2:34pm CST

A Massachusetts health reform law board unanimously voted to repeal for a final time rules relating to a landmark state statute that required employers to either offer health care coverage to their employees or pay a fine.

Corporate pension plan funding inches down in July

By: Meaghan Kilroy, Pensions & Investments

Published August 18, 2014 - 10:08am CST

The funded status of the 100 largest U.S. corporate pension plans dropped to 85% in July, down from 85.3% in June, said the latest Milliman 100 Pension Funding index.

New federal pension law delays higher employer contributions until 2018

By: Jerry Geisel

Published August 17, 2014 - 6:00am CST

Employers can reduce their contributions to employee pension plans this year thanks to a new federal law allowing them to assume higher interest rates in valuing the size of their defined benefit plan liabilities.

Kodak bucks trend and enhances pension plan while eliminating 401(k) match

By: Jerry Geisel

Published August 17, 2014 - 6:00am CST

Employers are expected to examine Eastman Kodak Co.'s counter-trend move to sweeten its defined benefit pension plan and eliminate its 401(k) plan match.

Benefits administration vendors retool to help firms comply with reporting rules

By: Joanne Wojcik

Published August 17, 2014 - 6:00am CST

Providers of benefits administration outsourcing services are scrambling to help employers comply with upcoming tax reporting requirements of the Patient Protection and Affordable Care Act, but few can transmit that information directly to the IRS.

ALCO Stores finds provider to help with automated health benefits enrollment

By: Joanne Wojcik

Published August 17, 2014 - 6:00am CST

ALCO Stores Inc. changed benefit administration outsourcing providers this year to help it meet Patient Protection and Affordable Care Act requirements that the chain of more than 200 stores provide automated enrollment to employees and extend benefits to those working 30 or more hours per week.

Wellness programs have value beyond medical cost savings: DMEC speaker

By: Stephanie Goldberg

Published August 14, 2014 - 10:14am CST

LAS VEGAS — The business value of having a wellness program and a healthy workforce goes beyond the potential to reduce medical costs.

Cox Enterprises ordered to pay $13.9M to PBGC for News-Journal pension plan

By: Hazel Bradford, Pensions & Investments

Published August 14, 2014 - 8:40am CST

Cox Enterprises Inc. will have to give the Pension Benefit Guaranty Corp. $13.9 million to cover the unfunded pension liabilities of News-Journal Corp., a federal district judge in Florida ruled.

More large employers to only offer CDHPs: NBGH survey

By: Jerry Geisel

Published August 13, 2014 - 2:06pm CST

WASHINGTON — Large employers are continuing to pare back the type of health care plans they offer to try to keep costs under control, according to a survey released Wednesday by the National Business Group on Health.

Stockton, Calif., amends bankruptcy plan, but pension issue hovers

Published August 13, 2014 - 9:41am CST

(Reuters) — The bankrupt city of Stockton, California, has submitted a revised plan to exit Chapter 9 that reflects a ruling over the value of a holdout creditor's collateral, but a question still looms over whether public pensions will be cut.

WellPoint to change name to Anthem

By: Bob Herman, Modern Healthcare

Published August 13, 2014 - 8:52am CST

WellPoint, one of the largest investor-owned health insurers in the country, is looking to rebrand itself as Anthem, pending shareholder approval.

Silicon Valley startup launches self-insurance option for smaller firms

Published August 12, 2014 - 3:18pm CST

(Reuters) — The founders of Collective Health, a Silicon Valley startup, say they can help employers save money by self-insuring rather than paying premiums to a health insurance company.

Massachusetts employer health insurance penalty set for repeal

By: Jerry Geisel

Published August 12, 2014 - 1:26pm CST

A Massachusetts health reform law board is scheduled to vote for the final time to repeal regulations relating to a state statute that required employers to either offer health care coverage to their employees or pay a fine.

OFF BEAT: Bill for Band-Aid adds insult to injury

Published August 11, 2014 - 12:29pm CST

A New Jersey hospital has a public relations emergency on its hands after it charged a man $9,000 to bandage his cut finger.

Medical autonomy not violated by ACA's individual health insurance mandate: Court

By: Jerry Geisel

Published August 08, 2014 - 11:02am CST

A key health care reform law provision that requires individuals to purchase coverage or pay a financial penalty does not violate their constitutional right to make their own medical decisions.

Archer Daniels Midland offers pension recipients lump-sum conversion

By: Jerry Geisel

Published August 07, 2014 - 4:59pm CST

Archer Daniels Midland Co. will offer the option to convert their monthly annuity to a cash lump sum to about 10,000 pension plan participants now receiving benefits.

FMLA-related notices should not be sent by regular mail: Court

By: Judy Greenwald

Published August 07, 2014 - 3:02pm CST

Employers should not be sending mandated FMLA notices by regular mail, says an appeals court in reversing a ruling in which an employee claimed she had never received the notice.

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