Employee Benefits
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DES MOINES, Iowa-- The U.S. Department of Labor said Tuesday it sued a Kentucky businessman claiming he and others took $4.9 million from the pension plans of a Fairfield foundry's union workers and a related Michigan company to use for their own business interests violating a federal law that protects worker pension assets.
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But the measure, which will start in the Senate, may not even be voted upon in the House, where Speaker Michael Madigan said a bill his chamber passed in May to make unilateral changes to retirement benefits was the right approach to address the state's nearly $100 billion unfunded pension liability.
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COLUMBUS, Ohio-- Insurers who plan to participate in the new health insurance exchange are projecting their costs to cover Ohioans to be significantly higher, according to an analysis released Thursday by the Ohio Department of Insurance.
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The United States lags other countries when it comes to offering workers time off, and is especially tough on part-time workers.
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Workers demanding a minimum wage increase have staged walkouts across the country, saying they can't survive on the money they make. Can they get anything done?
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Extended unemployment benefits do not keep people from finding a job, a report showed. But whether extensions help or hurt the jobs picture is far from settled.
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Discussing whether Wall Street or Silicon Valley offers better benefits to employees, with CNBC's Julia Boorstin & Jon Fortt.
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May 1- As mineworkers and retirees battle to salvage their pensions and benefits from the bankruptcy of Patriot Coal Corp, lawyers for their union are trying an unusual gambit- and one that may be a test case for workers' rights when companies spin off assets.
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CNBC's Rick Santelli breaks down the data on first quarter employee compensation.
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ST. LOUIS/ NEW YORK, April 29- Patriot Coal Corp on Monday told a judge it would liquidate if not allowed to make drastic cuts to employee pension and healthcare benefits, as coal miners protested on the first day of a week-long court hearing.
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ST. LOUIS/ NEW YORK, April 29- Arguments got under way on Monday over the fate of healthcare and pension benefits for unionized Patriot Coal Corp workers, as thousands of miners rallied against massive cuts proposed by the company. Judge Kathy Surratt-States, of U.S. bankruptcy court in St. Louis, said she would not rule on that question today. "
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April 29- Patriot Coal Corp on Monday will seek court permission to slash healthcare and pension benefits for about 13,000 union workers, an issue that has set off weeks of street protests by affected workers. The company, which declared bankruptcy last year, said it wants to save $150 million a year on its labor obligations to help it regain profitability.
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Humana Inc's Humana Medical Plans had sued Glaxo for healthcare expenses Medicare patients incurred after using the drug, which has been linked to heart problems. The insurance company administers Medicare Advantage policies, in which private companies provide Medicare coverage.
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Electronic Arts has been voted the worst company in America by Consumerist readers, beating out Bank of America, Ticketmaster, and even Carnival Cruise Lines.
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April 2- After a court decision allowing Stockton, California to push ahead with its bankruptcy, investors in the $3.7 trillion U.S. municipal bond market will have a ringside seat as the nation's biggest public pension system and bondholders duke it out.
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WASHINGTON, March 26- President Barack Obama's top healthcare adviser acknowledged on Tuesday that costs could rise in the individual health insurance market, particularly for men and younger people, because of the landmark 2010 healthcare restructuring due to take effect next year.
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Workers 45 and older make up a disproportionate share of the long-term unemployed, and they have a hard time finding affordable health insurance.
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March 11- The New York State Psychiatric Association and consumers with health insurance from UnitedHealth Group Inc on Monday sued the company over mental health benefits, saying it had not provided the treatments that federal and state laws require.
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March 11- The New York State Psychiatric Association and consumers with health insurance from UnitedHealth Group Inc on Monday sued the company over mental health benefits, saying it had not provided the treatments that federal and state laws require.
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A new survey on corporate health benefits draws a picture of a world where companies go beyond building gyms and banning smoking, to rewarding employees for lowering their cholesterol and being monitored by a "primary nurse case manager."
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