Retirement, Pension & Benefits

Just over a third of small business employees satisfied with benefits

When asked what they think of their small employer health benefits packages, only 33 percent of workers reported feeling satisfied, while 20 percent were disappointed, according to the 2017 Aflac Small Business Happiness Report. The survey found 13 percent were happy with their benefits, 6 percent felt ignored, and 3 percent reported feeling angry about […]

Spencer’s Benefits NetNews – May 26, 2017

  About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store […]

Rising health care benefit costs show no sign of abating globally, Willis Towers Watson survey finds

The cost of employer-provided health care benefits around the globe continues to climb with little relief in sight, according to a survey of medical insurers by Willis Towers Watson. Insurers continue to blame the cost of hospital/inpatient and outpatient medical services, advanced medical technology, and the overuse and overprescribing of services as the primary factors […]

Reporting requirements here to stay under AHCA, although perhaps will become simpler, expert says

The American Health Care Act (AHCA) (H.R. 1628) passed the House by a narrow margin on May 4, 2017. While the bill would not repeal the Patient Protection and Affordable Care Act’s (ACA) employer mandate, it would reduce the employer shared responsibility penalties to zero, retroactively effective to 2016. During a recent Aon webinar, A […]

Pension & Benefits NetNews – May 23, 2017

  NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer Service Home Page Products & Training News & Information About Links in this Newsletter To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits Management. Links […]

Employers continue to address health care cost increases

To reduce health care costs, employers are primarily focused on offering high-deductible health plans (HDHPs) (69 percent), targeting wellness programs (58 percent), and increasing employee cost-sharing (49 percent), according to recent research from the Midwest Business Group on Health (MBGH). The survey found that the employer share of premiums continues to drop, with 50 percent […]

Employers expect to keep popular ACA provisions, despite potential for law’s repeal

As the Senate will now take up the task of perhaps repealing and replacing the Affordable Care Act (ACA), employers expect to retain some of the law’s popular provisions, even if they are not required to by a new law, according to a new survey by Willis Towers Watson. Six hundred and sixty-six employers responded, […]

IRS updates premium tax credit table, required contribution percentage

The IRS has updated the applicable percentage table used to calculate an individual’s premium tax credit and required contribution percentage for plan years beginning after 2017. The percentage is used to determine whether an individual is eligible for affordable employer-sponsored minimum essential coverage; the percentage is used to determine whether an individual is eligible for […]

Spencer’s Benefits NetNews – May 19, 2017

  About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store […]

GM didn’t violate FMLA by suspending electrician who failed to follow union–negotiated policy for calling in absences

An employee who was approved for intermittent FMLA leave, and subsequently placed on several weeks of unpaid suspensions for failing to follow company policy for timely reporting unplanned absences, failed to revive his claims of FMLA interference since the FMLA and accompanying regulations require employees to follow their employer’s “usual and customary” procedures for requesting […]