Careers Employee Benefits

  • WASHINGTON, Sept 8- About 10,000 retired coal miners and their families descended on the U.S. Congress on Thursday to pressure lawmakers to pass stalled legislation that would prevent 22,000 of them from losing their pension and health benefits as soon as early 2017.. "These miners put in decades of back-breaking work in America's coal mines to energize our...

  • WASHINGTON, Sept 8- About 10,000 retired coal miners and their families descended upon the U.S. Congress on Thursday to pressure lawmakers to pass stalled legislation that would prevent 22,000 of them from losing their pension and health benefits as soon as early 2017.. "These miners put in decades of back-breaking work in America's coal mines to energize our...

  • CHICAGO, Sept 8- Six years after the Great Recession ended, jobless older workers are the forgotten story of the economic recovery. U.S. employers are creating hundreds of thousands of new jobs every month, but millions of older workers who want a job cannot find work. If you add in workers holding part-time jobs who would rather be working full time, and unemployed...

  • Waiting Room, doctors office, health

    Employers are saving on health-care costs by adding high-deductible plans. This may deter some employees from going to the doctor.

  • TORONTO, Sept 1- Canada's autoworkers' union will face additional pressure to accept less generous retirement benefits for new hires in contract talks due to a 2013 deal signed by workers at one General Motors Co plant, according to a top union official. Canada's Unifor union and GM, Ford and Fiat Chrysler kicked off bargaining last month for new contracts for...

  • Base salaries are expected to rise in 2017

    The average wages for professional occupations are expected to increase by 3.6-percent next year.

  • MUNCIE, Indiana, Aug 30- One night a month, retired auto workers shuffle into a former elementary school classroom here to discuss their legal fight against the company that cancelled their health care benefits seven years ago. The group is a remnant of a once-powerful United Auto Workers union local, which at its peak in the 1960 s represented over 5,000 workers...

  • NEW YORK, Aug 29- Valeant Pharmaceuticals International Inc was sued on Monday by buyers of its drugs, who accused the Canadian company of racketeering by forcing them to pay exorbitant prices. The proposed class-action complaint was filed in the U.S. District Court in Manhattan on behalf of unionized New York City police detectives and hotel workers,...

  • (L-R) Rep. Michael Burgess (R-TX), United States Treasury Secretary John Snow and Rep. Tom Price (R-GA) hold a news conference to introduce the Tax-Free Health Savings Act on Capitol Hill May 3, 2006 in Washington, DC. The act is supposed to make Health Savings Accounts a more affordable and attractive health coverage option.

    Health savings accounts let you save for health-care expenses and retirement if you use them effectively. Are you spending or saving?

  • Retirement savings

    Your employer may be raising your default savings rate in your retirement plan at work. What does this mean for you?

  • Aug 15- United Airlines Inc was accused in a U.S. government lawsuit on Monday of wrongly denying employment benefits to a pilot who was called to active duty by the U.S. Air Force, where he was a reservist. According to a complaint filed with the federal court in Chicago, United failed to credit Lieutenant Colonel Daniel Fandrei with sick leave while he was deployed...

  • SAO PAULO, Aug 12- Brazil's largest labor unions plan to stage nationwide protests next week against government plans to cut pensions and worker benefits, signaling growing tensions over deficit-cutting efforts. With the eyes of the world on the Olympic Games in Rio de Janeiro, the Central Workers Union, Brazil's leading labor confederation, and another four...

  • Medicine and cost

    You'll be paying even more for health insurance at work in 2017. Get the lowdown on a plan that can help you save.

  • CHICAGO, Aug 11- Next week marks the 10th anniversary of a landmark federal law with a hopeful name- the Pension Protection Act of 2006. Sponsors of traditional pension plans have been dropping them like hot potatoes- many do not want to carry pension obligations on their books, and some complain about the rising cost of insuring plans through the Pension Benefit...

  • Eurostar workers to go on strike

    Rail workers in Europe claim the company has failed to ensure a good work-life balance for managers.

  • TORONTO, Aug 9- Ontario Steel Investment Ltd, a group that includes shareholders of Essar Global, said on Tuesday it has submitted an offer to purchase U.S. Steel Canada's pension plan and a commitment to provide C $25 million toward post-employment benefits for U.S. Steel Canada, which employs nearly 2,000 workers in Ontario and has the capability to produce 2.6...

  • TORONTO, Aug 9- Ontario Steel Investment Ltd, a group that includes shareholders of Essar Global, said on Tuesday that it had submitted an offer for the purchase of U.S. Steel Canada's pension plan and a commitment to provide C $25 million toward post-employment benefits for U.S. Steel Canada's operations in Hamilton and Nanticoke, Ontario.

  • TORONTO, Aug 9- Ontario Steel Investment Ltd, a group that includes shareholders of Essar Global, said on Tuesday that it had submitted an offer for the purchase of U.S. Steel Canada's pension plan and a commitment to provide C $25 million toward post-employment benefits for U.S. Steel Canada's past and present staff.

  • SAN FRANCISCO/ NEW YORK, Aug 4- For the second straight year, U.S. public pension funds have fallen well short of their investment targets, swelling their vast unfunded liabilities and placing a greater burden on municipalities to offset the underperformance through increased contributions, estimates show. The funds, which guarantee retirement benefits for...

  • NEW YORK, July 25- A Long Island banana importer serving prison terms for engaging in a cocaine distribution scheme and beating his girlfriend was sentenced on Monday to another 5-1/ 2 years in custody for stealing from his employees' retirement plan. District Judge Paul Engelmayer in Manhattan following his conviction in March on charges including pension...