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Most Recent Benefits Management News

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

By: Robert Steyer

Published November 26, 2014 - 2:46pm 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.

New Jersey pension system funding plummets under new rule

Published November 26, 2014 - 8:41am 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.

More companies extending LGBT-inclusive benefits to employees: Survey

By: Matt Dunning

Published November 25, 2014 - 1:48pm CST

The percentage of U.S. companies offering LGBT-inclusive health and retirement benefits continued to grow in 2014, according to new survey data from the Washington-based nonprofit Human Rights Campaign.

GE will steer workers to Northwestern Memorial for hips and knees

By: Bob Herman, Modern Healthcare

Published November 25, 2014 - 9:01am CST

General Electric Co. has contracted with Northwestern Memorial Hospital to be one of GE's four centers of excellence for total hip and knee replacement surgeries.

PBGC to finalize rollover rule

By: Hazel Bradford, Pensions & Investments

Published November 24, 2014 - 3:15pm CST

Participants in defined contribution plans can combine those assets with their defined benefit plans without exceeding federal guarantee limits set by the Pension Benefit Guaranty Corp. under a rule to be finalized Tuesday.

HHS warns employers about skimpy health plans

By: Jerry Geisel

Published November 24, 2014 - 2:03pm CST

The HHS is warning employers that group health care plans that do not provide coverage for inpatient hospital and physician services will not pass the health reform law's “minimum value” test, the second federal agency to do so.

HHS proposes third-year fee of $27 for ACA reinsurance program

By: Jerry Geisel

Published November 24, 2014 - 10:44am CST

Self-funded employers and other health care plan sponsors would have to pay $27 for each health plan enrollee in the third and final year of the Transitional Reinsurance Program authorized by the health care reform law, federal regulators proposed Friday.

Many private health exchange options for post-65 retirees

By: Joanne Wojcik

Published November 23, 2014 - 6:00am CST

There are as many as 100 private exchange options available to employers offering post-65 retiree health benefits, according to research by the Henry J. Kaiser Family Foundation.

Supreme Court reviewing pivotal health insurance exchange premium subsidy case

By: Jerry Geisel

Published November 23, 2014 - 6:00am 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.

Employers focus on health insurance plans providing better care and lower costs

By: Matt Dunning

Published November 23, 2014 - 6:00am CST

WASHINGTON — Employers and health insurers are pursuing fresh benefit plan designs and communication strategies aimed at reducing medical costs and improving overall health conditions among employees and their families.

Financial wellness programs help workers prepare for retirement

By: Matt Dunning

Published November 23, 2014 - 6:00am CST

Many older employees have delayed retirement in response to investment losses during the prolonged soft economy, motivating some employers to explore more comprehensive financial education resources.

Employees' financial literacy helps employers as workforce ages

By: Matt Dunning

Published November 23, 2014 - 6:00am CST

Despite not bearing any of the direct financial risk associated with 401(k) and other defined contribution retirement plans, many employers provide financial education resources to employees for several reasons.

Legal challenges make employers wary of moving early retirees to public health exchanges

By: Jerry Geisel

Published November 23, 2014 - 6:00am CST

Most employers are taking a wait-and-see approach before sending their early retirees to public exchanges to get health insurance.

Public exchange premium subsidies could reduce health costs for pre-Medicare retirees

By: Jerry Geisel

Published November 23, 2014 - 6:00am CST

Thanks to the health care reform law, lower-income pre-Medicare eligible retirees no longer are big losers if their former employers terminate health care coverage.

Employers moving post-65 retirees to private health insurance exchanges

By: Joanne Wojcik

Published November 23, 2014 - 6:00am CST

A growing number of employers that offer health insurance to post-65 retirees are turning to private exchanges since the health care reform law took effect to provide coverage on an individual basis, often at a lower cost than their group plans could.

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