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Financial Impact

CEO Confidence Slips in First Quarter

April 7, 2010
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Survey finds that 52 percent of CEOs expect economic conditions to improve in the next six months, down from 58 percent when questioned in the fourth quarter.
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GM, Chrysler Might Have to Contribute Nearly $15 Billion

April 6, 2010
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‘Automaker downsizing and the credit market crisis have created significant stress for [auto] suppliers and their pensions,’ including in 2009 ‘a rise in the number of supplier bankruptcies, liquidations and pension plan terminations,’ the report states.
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Boeing Will Take $150 Million Charge Due to Health Reform

March 31, 2010
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Boeing’s announcement came on the heels of several other charges announced by other U.S.-based companies.
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Benefits Managers Eye Impact of Reforms

March 29, 2010
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Some benefits experts also are hopeful that provisions aimed at transforming the health care delivery system and emphasizing wellness and prevention could pay dividends for employers.
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AT&T Cites Health Care Reform for $1 Billion Charge

March 29, 2010
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While the tax-free subsidies will continue, employers receiving them will no longer be allowed to take a tax deduction for prescription drug expenses equal to the amount of the subsidy.
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Senate Fails to Extend COBRA Subsidy Before Break

March 26, 2010
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Without the extension, employees who are involuntarily terminated after March 31 will not be eligible for the 65 percent, 15-month premium subsidy. The House-approved bill, introduced by Ways and Means Committee Chairman Sander Levin, D-Michigan, would extend the subsidy eligibility through April 30.
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Ford VEBA Contribution Approved

March 26, 2010
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Ford sought the exemption to allow the United Auto Workers’ VEBA fund to hold Ford securities in excess of the amount permitted from an employer under ERISA.
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Health Care Costs Climb for Retiring Couples

March 25, 2010
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Significant drivers of increases in retiree health care costs include higher provider charges and increased expenses associated with new technology, Fidelity Investments reports.
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Obama Signs Health Care Reform Measure

March 23, 2010
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The legislation will massively revamp the nation’s health care delivery and financing system.
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