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Employee Benefits

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  • As a part-time customer service representative at a Wal-Mart in Sacramento, California, Henderson is one of an estimated 40 million American workers for who calling in sick is a luxury. "I'm super afraid of getting sick," said Henderson, 29, who slathers on hand sanitizer at work in hopes of fending off illness. And since San Francisco started requiring that in...

  • Facebook pushes to improve benefits, pay for contractors Wednesday, 13 May 2015 | 2:00 PM ET

    The new requirements include a minimum wage of $15 an hour, at least 15 paid days off per year, and for those who don't receive paid parental leave, a $4,000 "new child benefit" for new parents. The move comes amid a nationwide push to pay low-wage workers at least $15 per hour and improve other benefits. The announcement was delayed following the sudden death of...

  • COLUMBUS, Ohio— About 154,000 Ohio residents will have their Medicaid health benefits restored and their eligibility for the program rechecked as part of a settlement reached in a lawsuit against the state, the state's Department of Medicaid said Tuesday. They claimed that some individuals' Medicaid benefits were terminated or put at risk after Ohio failed...

  • 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.