C-Suite

It’s time that employers recognize their role in the crisis of health care affordability. But will they stand idly by hoping for the problem to diminish on its own or will they be the solution to the problem?

When regulatory compliance is a top priority, employers can be confident that they’ve reduced business risks like extensive financial, legal and reputational risks, and employed a workforce that can be relied upon to help the company drive positive business results.

The multiple jobs trend is a reality in the current workforce and the shifts in how people live, work and create financial stability. Whether driven by necessity, motivation to live a certain lifestyle, or the desire for flexibility, traditional employment is evolving.

Interestingly, 70% of employees believe that return-to-office (RTO) mandates are being used as a deliberate strategy to encourage employees to quit.

The Employee Ownership Fairness Act and The Employee Ownership Representation Act would allow employees to save more money for retirement and invest more in their employer’s stock ownership plan.

The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the retirement plan instead of using the funds to reduce administrative fees.

The House probe of the Pension Benefit Guaranty Corporation last year over $127 million that was “improperly” paid to dead participants in the Teamsters pension bailout was a key topic of discussion at Janet Dhillon’s hearing to be the next PBGC head.

Proper planning, systems and communication are key elements to navigating benefits compliance during extended leaves successfully.