The U.S. Airline Pilots Association is suing the Pension Benefit Guaranty Corp. to remove it as trustee of the US Airways pilots’ pension plan and appoint a temporary trustee, according to a news release from the union.
The three corporations each plan to make defined-benefit plan contributions next year, according to their annual reports.
The cost to Massachusetts of its pioneering 2006 law that has moved the state close to universal health insurance coverage is much lower than critics maintain, says a top state official.
Sen. Edward Kennedy was the standard bearer for universal health coverage during his more than four decades in the U.S. Senate, and his legislative accomplishments had a huge influence on the design of employee benefit plans.
A representative of the business community believes the process has run off the rails because the late senator’s illness kept him away from Congress.
The U.S. Department of Health and Human Services has issued regulations requiring providers, health plans and other entities covered by the Health Insurance Portability and Accountability Act to notify individuals when their health information is breached.
Two big employers are seeking Labor Department approval to fund employee benefit risks through captive insurance companies.
Panic over the viability of retirement plans is ebbing among British workers, as 9 percent fewer members asked what their payouts at retirement would be in the quarter ended June 30 than in the previous quarter.
At the same time, the company has been seeking approval to begin an incentive program that could pay $30.1 million in bonuses to top managers.
A pharmaceutical industry advertising campaign makes its case for reform. The industry’s lobby group, the Pharmaceutical Research and Manufacturers of America, will spend $150 million while Congress is on summer recess.