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Most Recent Benefits Management News

Humana looks to sell urgent care subsidiary Concentra: Sources

Published October 22, 2014 - 1:56pm CST

(Reuters) — Health insurer Humana Inc. is exploring a sale of its urgent care subsidiary Concentra in a deal that could value it at around $1 billion, according to three people familiar with the matter.

New Orleans mayor creates pension reform group to sustain firefighters plan

By: Rob Kozlowski, Pensions & Investments

Published October 22, 2014 - 12:48pm CST

New Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund.

Lockheed Martin to forgo pension contributions in 2015 through 2017

By: Rob Kozlowski, Pensions & Investments

Published October 22, 2014 - 9:48am CST

Lockheed Martin Corp., Bethesda, Maryland, announced Tuesday it has contributed $1 billion in contributions to its defined benefit plans thus far in 2014 out of an expected $2 billion and does not expect to make further contributions for at least three more years.

Colorado high court upholds COLA reduction for state pension fund

By: Meaghan Kilroy, Pensions & Investments

Published October 21, 2014 - 10:09am CST

The Colorado Supreme Court ruled Monday that the reduction to cost-of-living adjustments for Colorado Public Employees Retirement Association members approved under earlier legislation was constitutional, court documents show.

McConnell's claims on Kentucky exchange, Obamacare baffle experts

By: Darius Tahir, Modern Healthcare

Published October 21, 2014 - 9:59am CST

Senate Minority Leader Mitch McConnell, R-Ky., has made a habit of saying that repealing the ACA would not necessarily mean shutting down Kentucky's popular insurance exchange.

HHS form for health reform law reinsurance fee to be available Friday

By: Jerry Geisel

Published October 21, 2014 - 9:54am CST

A long-awaited form employers will use to provide the HHS with information regulators will need to calculate the amount of a “reinsurance” fee mandated by the health care reform law will be available online starting Friday.

PBGC taking over underfunded plan of manufacturer that filed for bankruptcy

By: Jerry Geisel

Published October 17, 2014 - 10:12am CST

The Pension Benefit Guaranty Corp. said Friday that it is taking over the underfunded pension plan of Reichhold Inc., a Durham, North Carolina-based resin manufacturer that filed for bankruptcy last month.

Ex-PBGC chief Gotbaum joins Brookings Institution

By: Jerry Geisel

Published October 16, 2014 - 1:50pm CST

Joshua Gotbaum, who resigned last month as director of the Pension Benefit Guaranty Corp., Wednesday joined the Brookings Institution, a Washington-based think-tank, as a guest scholar.

Cincinnati health care system freezing pension plans, sweetening 401(k)

By: Jerry Geisel

Published October 16, 2014 - 10:57am CST

TriHealth, a Cincinnati-based health care system, is freezing its three defined benefit pension plans and beefing up its 401(k) plans.

Employers taking action to avoid ACA excise tax

By: Jerry Geisel

Published October 16, 2014 - 6:00am CST

Forty percent of employers say they expect at least one of their health care plans to be affected by a health care reform law-authorized excise tax — unless they act — with many already taking steps to reduce the likelihood that they will be hit by the tax.

'Gendernomics' leads to less retirement savings for women

By: Joanne Wojcik

Published October 15, 2014 - 12:51pm CST

Because of the “wage gap,” women accrue smaller 401(k) balances on average than their male counterparts even though they typically invest a higher percentage of their salaries.

Notre Dame offering married same-sex couples health, retirement benefits

By: Matt Dunning

Published October 15, 2014 - 11:33am CST

The University of Notre Dame has announced that it will extend spousal benefits to married same-sex couples under its employee health care and retirement plans.

IN FOCUS Video: Health Exchange Plans vs. COBRA

Published October 14, 2014 - 4:24pm CST

In our latest weekly video, we examine how the Affordable Care Act is affecting the health care coverage options available to individuals who lose their job-based health insurance.

Pension-related cases being heard by the Supreme Court

By: Hazel Bradford, Pensions & Investments

Published October 13, 2014 - 4:23pm CST

The Supreme Court's new term includes cases challenging investors' burden of proof in securities litigation and whether 401(k) plan fiduciaries can be sued for investment choices made years earlier.

About 250 firms plan to offer health benefits next year via Mercer's health exchange

By: Matt Dunning

Published October 13, 2014 - 4:00pm CST

Nearly 250 employers will offer health care benefits to current and retired employees through Mercer L.L.C.'s “Marketplace” private health insurance exchange in 2015.