The funded status of the average U.S. corporate pension plan increased by only 0.1 percentage point to 79.2 percent last month.
The company contributed $3 billion to its pension plans in the quarter ended June 30 and plans to make an additional $600 million contribution by the end of the year.
A Senate panel has until that date to deliver a bipartisan health care overhaul package before Democratic leaders take steps to push a bill without broad Republican support, a senior member of the Finance Committee says.
The Senate Finance Committee chairman says a bipartisan team of negotiators have locked down “two major issues” that will be part of the broad framework for health care reform.
The administration has not joined employers in seeking a Supreme Court review of a federal appeals court ruling that upheld the city’s controversial health care spending law.
Given the size of the state and its large uninsured population, the report presents key data that officials from the Obama administration have eagerly awaited.
Sun-Times Media Group, which filed for Chapter 11 bankruptcy protection on March 31, failed to make more than $800,000 in required payments to its five pension plans.
The Pension Benefit Guaranty Corp. has taken over the underfunded pension plan of Nortel Networks Inc., a Nashville, Tennessee-based subsidiary of Canadian telecommunications company Nortel Networks Corp.
Human resources professionals often underestimate how complicated a benefit packet can appear to new employees, particularly if they are young or are recent entrants to the workforce. Here’s basic guidance you can use to inform them about role benefits play in total compensation.
The House Education and Labor Committee began work on its health care measure Thursday morning and toiled until 6 a.m. Friday.