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Most Recent Benefits Management News

Mercer appoints chief operating, finance officers

By: Matt Dunning

Published September 30, 2014 - 1:42pm CST

Benefits broker and consultant Mercer L.L.C. has appointed Ken Haderer as its chief operating officer and Helen Shan as chief financial officer, the New York-based company announced on Tuesday.

Motorola wraps up pension buyout at light speed

By: Rob Kozlowski, Pensions & Investments

Published September 30, 2014 - 10:35am CST

Motorola Solutions Inc.'s pension buyout, the third largest in U.S. history, was the fastest by a mile, taking less than six months from start to finish.

Unity Health uses FSA carry-over option to ease employee stress over lost money

By: Jerry Geisel

Published September 28, 2014 - 6:00am CST

Adding an automatic carry-over feature to employees' flexible spending accounts has taken the pressure off Unity Health Care Inc. employees who contribute to FSAs.

Wellness programs grow in popularity as more firms offer financial rewards

By: Matt Dunning

Published September 28, 2014 - 6:00am CST

NATIONAL HARBOR, Maryland — Employers are gradually embracing the concept of providing financial rewards to their employees based on specific health outcomes from their participation in workplace wellness programs.

U.S. public pension gap at least $2 trillion: Moody's

Published September 26, 2014 - 2:02pm CST

(Reuters) — The U.S. public pension gap has tripled to at least $2 trillion in less than a decade, Moody's Investors Service Inc. said in a report Thursday.

Washington Post freezes pension plan, switches to cash balance option

By: Hazel Bradford, Pensions & Investments

Published September 25, 2014 - 4:19pm CST

The Washington Post's parent company is freezing its defined benefit plan and transferring remaining participants to an existing cash balance plan, effective Jan. 1, 2015. The company is also offering a lump-sum option for all defined benefit participants.

Hospitals' uncompensated care will drop $5.7 billion this year: HHS

By: Virgil Dickson, Modern Healthcare

Published September 25, 2014 - 10:03am CST

The Obama administration has a new projection of the benefit hospitals will enjoy this year as they provide less care that no one pays for: $5.7 billion. Hospitals in states that expanded Medicaid are getting most of it.

Motorola Solutions enters into third-largest U.S. pension buyout on record

By: Timothy Pollard, Pensions & Investments

Published September 25, 2014 - 9:55am CST

Motorola Solutions Inc. entered into a pension buyout agreement with Prudential Insurance Co. of America and will offer lump-sum payouts to terminated vested employees to reduce $4.2 billion in pension obligations.

PBGC to take over James River Coal pension fund

By: Hazel Bradford, Pensions & Investments

Published September 24, 2014 - 2:32pm CST

The Pension Benefit Guaranty Corp. will take over the defined benefit plan of James River Coal Co., the agency announced Wednesday.

PBGC proposing to require employer disclosure of lump-sum pension offers

By: Jerry Geisel

Published September 24, 2014 - 9:37am CST

The Pension Benefit Guaranty Corp. has disclosed that it intends to require employers to report to the agency offers they make to pension plan participants to convert their monthly annuity to a cash lump sum benefit.

Insurers vying for Obamacare business signal healthy exchange markets

By: Paul Demko, Modern Healthcare

Published September 24, 2014 - 9:06am CST

More insurers will compete for consumers' business on the exchanges during the second year of Obamacare enrollments.

Newell Rubbermaid to offer lump-sum pension benefits to 5,700 participants

By: Jerry Geisel

Published September 24, 2014 - 7:18am CST

Newell Rubbermaid Inc. will offer about 5,700 former vested employees not yet receiving pension benefits the opportunity to convert their future monthly annuity to a cash lump-sum benefit.

Private health insurance exchanges expected to boom

By: Jerry Geisel

Published September 23, 2014 - 4:00pm CST

Private health insurance exchanges are poised for rapid growth, according to a new analysis.

Voluntary benefits could hold key to health care reform excise tax

By: Matt Dunning

Published September 23, 2014 - 3:04pm CST

NATIONAL HARBOR, Maryland. — Some U.S. employers are beginning to use voluntary medical benefit plans to minimize the prospects of sharp health care cost increases in the coming years as a result of health care reform.

New health care tax looms for many employers who don't change plans

By: Jerry Geisel

Published September 23, 2014 - 3:02pm CST

Without design changes to their health care plans, nearly half of large employers could be liable for a federal excise tax created by the health care reform law when it takes effect in 2018, according to a new analysis by Towers Watson & Co.