April 15- Detroit reached its first deal with a retired workers group on Tuesday over pension and healthcare benefits and was close to a deal with at least one of its pension funds, giving a major boost to the city's plan to exit bankruptcy in October.» Read More
CHICAGO: Mayor Rahm Emanuel has pitched a plan to cut the city's nearly $20 billion pension shortfall in half by reducing benefits and hiking property taxes. PHILADELPHIA: The city's unfunded pension liability was $5.3 billion as of July.
SAN FRANCISCO, April 4- Tech workers in Silicon Valley debated on Friday whether Mozilla CEO Brendan Eich got the comeuppance he deserved or was himself a victim of intolerance when he resigned under pressure this week amid outrage over his opposition to same-sex marriage.
CHICAGO, April 1- Chicago Mayor Rahm Emanuel proposed raising property taxes and reducing retirement benefits for some city workers in order to ease a severe pension funding problem, according to details of the plan released by his office on Tuesday. Chicago warned that the two systems face insolvency within nine to 17 years.
CHICAGO, April 1- Facing a growing pension funding problem, Chicago Mayor Rahm Emanuel proposed raising property taxes and reducing retiree benefits for some city workers, according to local newspaper reports on Tuesday.
Arianna Huffington, Huffington Post co-founder & editor-in-chief, discusses how a healthier work environment could lead to a healthier bottom line for businesses.
CNBC's Hampton Pearson reports the Senate has agreed to compromise on restoring long-term unemployment benefits for 5 months.
WASHINGTON, March 12- A U.S. "Whatever business model you want to use is perfectly fine with us, as long as it is not a business model that is entirely based on conflicts of interest," said Phyllis Borzi, the assistant secretary of the Employee Benefits Security Administration, in remarks at an event held by the Financial Services Roundtable.
March 11- The U.S. Department of Labor on Tuesday proposed a rule requiring pension plan service providers to offer a guide to help employers navigate disclosures about fees and potential conflicts of interest. However, the Labor Department said it feared that such disclosures were getting lost in lengthy, complex documents.
WASHINGTON, Feb 28- President Barack Obama's ban on discriminatory health insurance practices against the sick has not stopped insurers from increasing up-front charges for the expensive drugs needed to control chronic illnesses from leukemia to multiple sclerosis.
TRENTON, N.J. Feb 25- New Jersey Governor Chris Christie called for a new round of public pension reform in his fifth state budget proposal on Tuesday but provided no details, while opposition Democrats rejected the idea.
The AOL CEO’s comments about two “distressed babies” and how it impacted the company’s 401(k) decisions is only part of the story.
Kara Swisher, Re/code co-executive editor discusses AOL CEO Tim Armstrong's comments on health care and employee benefits, as well as Sheryl Sandberg's push for diversity.
AOL CEO Tim Armstrong reversed the company's decision to change 401(k) benefits. CNBC's Julia Boorstin has the details.
NEW YORK, Feb 10- Four months into a criminal trial for five former employees of Bernard L. Madoff Investment Securities, witnesses have made it clear that no one but Madoff himself knew the whole truth about his massive Ponzi scheme, from his top lieutenant on down.
WASHINGTON, Feb 7- The U.S. Postal Service narrowed losses in its latest quarter, as a surge in online shopping and package delivery boosted revenues during the busy holiday season. The Postal Service has been grappling with tumbling mail volumes as Americans communicate more online, and as massive payments for its future retirees' health benefits take a toll.
The U.S. Postal Service narrowed its losses in its first quarter that ended December as a surge in online shopping and package delivery boosted its revenues.
The Postal Service has been grappling with tumbling mail volumes as Americans communicate more online, and struggles under the weight of massive required payments for future retiree health benefits. A 2006 law requires the Postal Service to fund 75 years worth of its future retirees' healthcare by 2016..
Feb 3- A campaign for a ballot initiative that would cut California's public pension benefits and could become a model for other states has stalled as Democrats battle each other in America's largest state.
Kynect, which is Kentucky's marketplace, and the Rhode Island Health Benefits Exchange have had separate talks about 2015 with health insurers that could opt to join the online marketplaces set up under President Barack Obama's healthcare reform law. Kentucky and Rhode Island are among states with the most successful Obamacare launches.
JPMorgan Jamie Dimon will get a $20 million compensation package in total for 2013. This includes a $1.5 million salary base, as well as an $18.5 million incentive package.