Because employer and employee health care benefit contributions are made on a pretax basis, it wil cost employers considerably more than the $2,000-per-employee fee for dropping coverage, if the law survives legal challenges being heard by the Supreme Court.
Forty percent of employers want the high court, which is hearing oral arguments this week on the constitutionality of the Patient Protection and Affordable Care Act, to strike down the 2010 law. Still, employers are far from being united in favor of repealing it.Read More
Under Section 127 of the Internal Revenue Code, employers can reimburse employees for up to $5,250 in annual undergraduate and graduate costs without the reimbursement being included in employees' taxable income.Read More
While older workers tend to be more concerned about retirement than their younger colleagues, the survey found that the most dramatic shift in attitudes toward retirement security has been among the under-40 set.Read More
Norway's chief workplace ombudsman Bjorn Erik Thon told a media outlet that one firm required employees to wear a red bracelet during their menstrual cycles to indicate the need for more restroom visits.Read More
According to the Pension Benefit Guaranty Corp., American Airlines received specific funding relief in the Pension Protection Act of 2006 and an Iraq War spending bill in 2007 that allowed airlines to spread their unfunded liability in 2008 over 10 years instead of seven. Read More
Revenue for its human resources solution unit increased 113 percent to $4.5 billion. Read More
The report noted that the agency identified combating systemic discrimination as a top priority in a 2006 task force report.
Portalatin, 52, is an AIG senior vice president and president and CEO of AIG unit Chartis Growth Economies, with responsibility for operations in the Asia/Pacific, South Asia, Latin America, Africa, the Middle East and Central Europe regions.Read More