RSS icon

Top Stories

Financial Impact

Nearly 25 Percent of Workers Put Retirement Plans on Hold

March 10, 2010
Comments (0)
Key reasons include a change in employment status, 22 percent; inadequate finances, 16 percent; and the need to make up stock market losses, 12 percent.
Read More

Joint Automaker Pension Plan Being Taken Over by PBGC

March 4, 2010
Comments (0)
The PBGC has determined that the plan will be abandoned as a result of the plant closure, leaving the company unable to pay benefits, according to a news release.
Read More

Former Execs of Bankrupt HSA Administrator Accused of Fraud

March 4, 2010
Comments (0)
The FBI also alleges that the men used phony bank statements to conceal the diversion of approximately $19 million from HSAs and FSAs to Canopy’s operating accounts in 2009, which they then misappropriated for their own use.
Read More

Obama Signs Stopgap COBRA Subsidy Extension

March 3, 2010
Comments (0)
Without the extension, employees laid off after February 28 would have been ineligible for the subsidy.
Read More

Obama Unveils Health Care Reform Proposal of His Own

February 22, 2010
Comments (0)
Unlike the 1,000-plus page bills passed separately last year by Democrats in the Senate and House, the president laid out the policies he wants to implement and the rationale for doing so in an 11-page plainly written document.
Read More

Aon Can Resume Controversial Fee Payments in Illinois, Other States

February 18, 2010
Comments (0)
Aon Corp. has received clearance from three state attorneys general, including Illinois’ Lisa Madigan, to resume accepting controversial payments from insurers that Aon and other big commercial insurance brokers agreed to halt five years ago.
Read More

Labor Agency Cracks Down on Employee Misclassification

February 16, 2010
Comments (0)
The independent-contractor definition saves companies money because they typically don’t provide benefits or overtime compensation to individuals who are not full employees.
Read More

COBRA Subsidy Extension Removed From Jobs Bill

February 12, 2010
Comments (0)
Experts say there is overwhelming congressional support to extend COBRA premium subsidies and that the COBRA provisions in the scrapped bill are likely to be attached to any one of several other bills that Congress will consider in the coming weeks.
Read More

AIG Overhauls Its System for Incentive Pay

February 12, 2010
Comments (0)
Those ranked in the top 10 percent of employees will receive the greatest incentive pay, followed by those ranked in the next 20 percent, the next 50 percent and the remaining 20 percent.
Read More

U.S. Salary-Increase Budgets Hit 25-Year Low

February 10, 2010
Comments (0)
Changes to salary structures to account for changes in cost of living and other factors aren’t expected to top 2 percent, according to The Conference Board’s survey. That’s below the board’s forecast of a 2.6 percent inflation rate.
Read More