The Senate Finance Committee plan would cost an estimated $774 billion over 10 years, which is less than the $1 trillion price tag of other proposals. A U.S. Chamber of Commerce rep says, ‘It ain’t perfect, but it is certainly a vast improvement.’
Although none of the three Republicans who have been working with the Democratic senator joined him in introducing the measure, Baucus is confident that it will eventually garner backing from both sides of the aisle.
Retirement plan fee disclosure regulations from the Department of Labor are preferable to legislation because they allow for a comment period from the industry.
The survey of more than 2,000 non-federal private and public employers tracks the cost of health benefits of the previous year and was conducted earlier this year, when the recession was more pronounced.
Employers with both 401(k) and defined-benefit plans are taking a closer look at those plans’ investments and questioning whether they should be doing more to mitigate risks, experts say.
Although employers try to reduce their projected cost increases every year, survey respondents say they are cutting their health care benefit budgets more than usual for 2010 because of the recession.
Here is a high-level look at workforce issues associated with converting to International Financial Reporting Standards, along with ways an organization might consider assessing its readiness.
The grant of equity to employees implicates issues across several areas of the law, including tax, securities, corporate and contract law. Although an entire book could easily be written on the subject of employee equity grants, here are some of the initial questions and issues that employee equity grants frequently involve.
Weight-focused health policy can merely end up penalizing obese workers and adding to the stigma of being severely overweight. But some employers are taking a more thoughtful approach to the emotionally fraught issue in attempting to improve workers’ health and reduce medical costs.
The most notable of these proposals would enable workers to convert unused vacation time or overtime into cash in their retirement accounts.