Employee Benefits


  • DETROIT, Dec 3- A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holders.

  • DETROIT, Dec 3- A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holders.

  • WASHINGTON, Dec 3- Insurers fear that a retooling of the government-run health insurance website and a fresh surge of enrollees has opened the floodgates to more problems for President Barack Obama's health policy overhaul, a trade group said on Tuesday.

  • DETROIT, Dec 3- Detroit is eligible for the biggest municipal bankruptcy in U.S. history because the city is broke and negotiations with its thousands of creditors were unfeasible, a federal judge said on Tuesday in a wide-ranging ruling that also said the city could cut retiree pensions.

  • OLYMPIA, Wash., Nov 26- A voter initiative to enact a $15 minimum wage for thousands of workers in a Seattle suburb that houses the region's main international airport won a narrow victory on Tuesday that proponents hailed as a signal moment in the nationwide fight for livable wages.

  • DETROIT, Nov 26- The committee representing Detroit's retirees in bankruptcy proceedings on Tuesday withdrew its objection to a deal Detroit reached to end some interest-rate swap agreements.

  • WASHINGTON, Nov 15- The U.S. Internal Revenue Service is under pressure from some businesses to reduce the information they may soon have to collect and report to the IRS under the health law known as Obamacare, including the birth dates and Social Security numbers of employees' children.

  • WASHINGTON, Nov 15- President Barack Obama was due to meet health insurance chief executives on Friday, a day after insurers expressed concerns about his plan to help Americans who are losing their coverage because of his healthcare overhaul.

  • WASHINGTON, Nov 13- Top government information technology officials were set to testify to Congress on Wednesday that they were making headway on fixing HealthCare.gov, the broken website used to sign up for President Barack Obama's signature health insurance program.

  • Pension crisis 'pretty scary' right now     Tuesday, 12 Nov 2013 | 6:45 AM ET

    Institutional Investor is releasing its inaugural "Pension 40" ranking today, which includes the most powerful players battling the future of U.S. pensions. Institutional Investor executive editor Michael Peltz, provides insight.

  • Nov 11- Initial enrollment estimates for President Barack Obama's healthcare reform program show participation is falling far short of expectations, according to a report in the Wall Street Journal, raising pressure on the White House to get its rollout back on track. Americans must enroll by Dec. 15 for coverage that begins Jan. 1.

  • *Boeing will open talks on other sites if contract rejected. Nov 8- Boeing said on Friday it was ready to re-examine alternative sites for its newest jet if assembly workers and local politicians do not ratify plans to build it in the Seattle area, its traditional manufacturing base.

  • DETROIT, Nov 7- The financial adviser for Detroit's two pension funds testified in federal court on Thursday that the city did not negotiate prior to filing the largest municipal bankruptcy in U.S. history in July. pension fund attorney Ron King asked Bradley Robins, who is advising the funds.

  • New rules for flexible spending accounts     Thursday, 31 Oct 2013 | 2:48 PM ET

    CNBC's Bertha Coombs reports employees may now carry over up to $500 per year in their flexible spending accounts.

  • Cigna, which reported third-quarter profit that beat analysts' expectations on Thursday, has both a U.S. and overseas health insurance business and also sells disability and life insurance. Cigna said that diversification will help it next year, which it expects to be challenging because of broad changes in the healthcare industry.

  • Cigna, which provides U.S. and overseas health insurance as well as disability and life insurance, said it expected full-year earnings of $6.70 to $6.90 per share. The company said the results reflected continued medical cost management and a lower operating expense ratio that were partly offset by some pressure on its private Medicare plans for older people.

  • Goldman's unexpected move to lure the best recruits Tuesday, 29 Oct 2013 | 5:22 PM ET

    Goldman Sachs is pushing its junior investment bankers to take weekends off as the firm revises demands placed on employees, Bloomberg reported.

  • WASHINGTON, Oct 25- Federal employees furloughed during the partial shutdown of the U.S. government this month will have to return any jobless benefits they received given that Congress has approved retroactive pay, the Labor Department said on Friday.

  • The Labor Department believes furloughed government workers during the government shutdown are not eligible for unemployment benefits, reports CNBC's Hampton Pearson.

  • Top paid CEOs of 2012     Tuesday, 22 Oct 2013 | 1:15 PM ET

    Who are the highest paid CEO's? CNBC's Mary Thompson reveals the top earning CEO's. For the first time ever two of the top ten exceeded more than one billion.

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