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The Moving Ahead for Progress in the 21st Century Act (MAP-21) in 2012 created a participant and plan sponsor advocate for the Pension Benefit Guaranty Corporation (PBGC) whose role is to “act as a liaison between the corporation, sponsors of defined benefit pension plans insured by the corporation, and participants in pension plans trusteed by the corporation.”
Most Americans support the idea of paid family and medical leave, especially if the compensation comes from employers, according to a new study from the Pew Research Study.
Step outside the boundaries of the employer/employee relationship, just for a moment. As a benefit professional or someone who runs a business, your focus is getting the business of the company done. Of course, that includes figuring how to get the best from your employees. Rewarding people fairly, in terms of money and benefits, helping them understand their importance in the business’ success, and communicating with them in a way that encourages their loyalty all contribute to that effort.
Question: Our CEO would like to establish a “benefit bucket”–an allowance of cash for each employee that can be utilized to pick from a suite of health and welfare benefits that are provided through the employer. It would include things like medical, dental, 401k, Life, Disability, supplemental insurance etc. Would this just be an old […]
While there is still a short window of time for individuals to file and close out on last year’s taxes, for most companies, tax season is already in the rearview mirror. An often overlooked way to reduce employer taxes is within the business vehicle programs. By using this year’s tax season as a time to reevaluate, businesses can implement sound policies and programs to ensure the organization and the employee are in the best position come tax time next year.
The relative popularity and effect of 176 different types of employee rewards programs were detailed in a survey by the Human Resources (HR) association WorldatWork. Inventory of Total Rewards Programs & Practices compiles the results of a 2016 survey that yielded responses from 730 organizations in the United States, Canada, and elsewhere.
The Internal Revenue Service (IRS) recently released its inflation-adjusted standard mileage allowances for 2017, as well as maximum vehicle value thresholds to be used in calculating fixed and variable rate (FAVR) allowances.
The Pension Benefit Guaranty Corporation (PBGC) and Sears Holdings Corporation (Sears) recently reached a new agreement that provides additional funding and security for the company’s two pension plans.
A bill recently cleared the House that is designed to help employers form association health plans (AHPs), including plans that cross state lines. The Small Business Health Fairness Act (H.R. 1101), sponsored by Reps. Sam Johnson (R-TX) and Tim Walberg (R-MI), passed on March 22 by a vote of 236 to 175.
An Arkansas employee recently filed for workers’ compensation, citing a gradual-onset injury from lifting and stacking wood during her 12-hour shifts over a 5-year period. Was she entitled to workers’ comp benefits?