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Employee Benefits

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  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders on Thursday approved a proposal that would make it easier to nominate directors to the board of the fast-food chain, which is in turnaround mode after losing customers and sales to competition and after internal missteps. The California Public Employees' Retirement System and the New York City Pension...

  • NEW YORK— McDonald's CEO Steve Easterbrook said Thursday he was "incredibly proud" of a decision to bump pay for some workers, even after protesters called on the company to do more outside its annual shareholder meeting. But the push comes at a time when protests for pay of $15 an hour and a union have been spreading around the country. During the meeting, the company...

  • LOS ANGELES, May 12- U.S workers are losing at least $24 billion in retirement plan contributions each year by failing to take full advantage of company matches, according to recent research by 401 adviser Financial Engines. But the Financial Engines study is the first to estimate the dollar amount of foregone matches, according to Greg Stein, the company's...

  • -Chicago Mayor Rahm Emanuel on Friday said the city's contentious pension reform effort is not threatened by a ruling earlier in the day from the Illinois Supreme Court that struck down a comparable retirement benefits overhaul at the state level. Chicago's "reform is not affected by today's ruling, as we believe our plan fully complies with the state...

  • CHICAGO, April 21- Denial is said to be the first emotional stage of grief- and that may be where many Americans are at right now in their attitudes about retirement security. The 2015 edition of the longest-running national survey of retirement confidence, released on Tuesday by the Washington, D.C.- based non-profit Employee Benefit Research Institute, reveals...

  • SEATTLE, April 1- Seattle's new minimum wage law took effect on Wednesday amid mixed reaction from businesses, giving some workers a bump in compensation on the way to a $15 hourly wage, among the highest big-city pay floors in the United States. Seattle became the first major U.S. city to commit to such a high basic wage when Mayor Ed Murray proposed the plan last May.

  • CHICAGO, March 19- If you are due a pension from a former employer, there is a good chance you were or soon will be offered a lump-sum payment in exchange for giving up that guaranteed monthly check for life. That is the conclusion of a recent review by the U.S. Government Accountability Office of 11 lump-sum-offer information packets provided to beneficiaries by...

  • FRANKFURT, March 19- A pilots strike grounded more than half of Lufthansa's lucrative long-haul flights on Thursday, the latest action to pressure management in a protracted row over early retirement benefits and cost cuts. Lufthansa is trying to cut costs to levels nearer those of its rivals as it is squeezed by budget carriers Ryanair and easyJet on European...

  • *Strike cost estimated at 15 mln euros a day- analyst. BERLIN, March 18- Lufthansa pilots on Wednesday announced a third consecutive day of strikes this week, forcing hundreds of flight cancellations and ramping up pressure on management in a long-running row over early retirement benefits. The German airline is trying to cut costs and expand budget operations...

  • BERLIN, March 18- Lufthansa pilots began the first of two days of strike action on Wednesday in a long-running dispute over early retirement benefits and the carrier's cost-cutting plans which shows no sign of ending. The German airline is trying to cut costs and expand budget operations as it tries to compete with low-cost carriers like Ryanair and easyJet in...

  • Vodafone's maternity policy changes   Monday, 16 Mar 2015 | 6:51 AM ET
    Vodafone's maternity policy changes

    Chuck Pol, Vodafone Americas president, discusses his company's policy to offer mandatory minimum maternity leave of at least 16 weeks, plus additional benefits.

  • CHICAGO, March 12- If you are counting the days to retirement because you hate your job, career expert Kerry Hannon has a message for you: "Stick with it." An annual survey on retirement by the Employee Benefit Research Institute consistently finds that about half of workers retire earlier than they expected- and that job burnout is a key factor.

  • SPRINGFIELD, Ill., March 11- A state lawyer defending the landmark 2013 pension reform law faced tough questions on Wednesday from an Illinois Supreme Court judge at a high-stakes hearing about whether the legislature had the right to cut benefits. Justice Robert R. Thomas asked State Solicitor General Carolyn Shapiro. " "It is clear that the pension clause and the...

  • In a state Supreme Court chamber packed with politicians, union leaders and other observers, Illinois is defending the constitutionality of the law aimed at curbing ballooning public pension costs. The stakes are especially high for Illinois. With a $105 billion unfunded pension liability, Illinois says it cannot afford core services such as healthcare and...

  • The strike at Stella International Holdings Ltd's Xing Ang factory in the city of Dongguan started on Sunday with workers concerned about government housing fund contributions and payouts. The strike involved 5,000 to 6,000 people, according to activists and a worker, making it one of China's biggest strikes at a factory since April last year when about...

  • Chinese shoe factory workers strike over benefits Wednesday, 11 Mar 2015 | 2:26 AM ET

    The company that owns the factory, Stella International Holdings Ltd, lists Guess? Inc, Michael Kors Holding Ltd, Prada SpA and Burberry Group PLC among its customers. A spokeswoman for Stella International said only "a few hundred" workers had gone on strike, not 5,000..

  • Dream jobs: Best places to work   Thursday, 5 Mar 2015 | 7:52 AM ET
    Dream jobs: Best places to work

    Alan Murray, Fortune editor, reveals the magazine's annual list of top 100 companies to work for in 2015. This year a tech giant nabs the top spot.

  • NEW YORK, March 4- U.S. hospital executives said on Wednesday they were optimistic they will avoid the toughest consequences of a Supreme Court decision on whether millions of Americans can continue to purchase subsidized health benefits under Obamacare. "I am hopeful that the court will recognize and uphold the intent of Congress, which was to expand coverage...

  • Bridging the hope gap   Tuesday, 3 Mar 2015 | 6:49 AM ET
    Bridging the hope gap

    John Hope Bryant, Operation Hope CEO, shares his thoughts on how to solve the income inequality problem through apprenticeships and education.

  • YOUR MONEY-The silent struggle of seniors with debt Thursday, 26 Feb 2015 | 11:06 AM ET

    NEW YORK, Feb 26- When Wanda Simpson reached retirement a couple of years ago, the Cleveland mom had an unwelcome companion: Around $25,000 in debt. New data reveal that Wanda Simpson has company- and plenty of it. Among families headed by those 55 or older, 65.4 percent are still carrying debt loads, according to the Washington, D.C.- based Employee Benefit Research...