News

Under current law, employers may only use surplus pension assets for other benefits if they terminate the pension plan, but the American Benefits Council said their proposals would raise billions of dollars of revenue and be beneficial for employees, employers and taxpayers.

Six in 10 millennials and Gen Z employees report relying on out-of-network care because of their remote work location.

A three-judge panel at the 6th U.S. Circuit Court of Appeals ruled in favor of a disability plan administrator Thursday, and against a worker with long COVID, in a case involving questions about whether the administrator had used a reasonable claim review process.

The House Rules Committee is preparing to package the bill for floor action Wednesday.

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.