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The Pension Benefit Guaranty Corporation (PBGC) recently released its annual report for fiscal year (FY) 2015. The report shows the agency paid $5.7 billion to more than 800,000 people in failed pension plans, which is comparable to the payments PBGC made in FY 2014.
Companies looking to reward and motivate their employees with incentive awards need to focus on the total reward experience—which frequently doesn’t involve cash, according to a new study commissioned by the Incentive Marketing Association (IMA).
Whether you were into Metallica, Nirvana or My Chemical Romance, you can be sure of one thing: your favorite high school band probably started in somebody’s garage. But they didn’t stay there. In fact, each of these bands and many others provided the soundtrack to their own generation of fans. They started small, emerged from […]
A new report released by Virgin Pulse—the habits-focused well-being company—reveals that employers are implementing wellness programs to achieve business objectives and address HR priorities.
The IRS on Jan. 29 provided some long-awaited guidance on which midyear amendments to “safe harbor” 401(k) retirement plans it will allow — and which remain prohibited. The guidance, effective immediately, should put to rest years of confusion among practitioners over when they can adjust plans to reflect short-term changes without putting their plan’s qualification […]
What are an employer’s obligations regarding benefits for an employee who is out on leave under the Americans with Disabilities Act (ADA) or the Family and Medical Leave Act (FMLA)?
Over the past 12 months, according to the 2015 Employee Benefits: A Research Report by Society for Human Resource Management (SHRM), employers have been offering about the same number of employee benefits, but the composition of those benefits plans is changing.
You’ve probably noticed more and more employees sporting Fitbit devices lately—wearable gadgets that track everything from steps to sleep time to heart rate and more. As with almost anything that tracks personal health-related data, however, the Health Insurance Portability and Accountability Act (HIPAA) comes into play.
Triple-S Management Corporation (“TRIPLE-S”) has agreed to settle potential violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy and Security Rules with the U.S. Department of Health and Human Services, Office for Civil Rights (OCR). TRIPLE-S will pay $3.5 million and will adopt a robust corrective action plan to correct deficiencies […]
By Jennifer Carsen, JD The Internal Revenue Service (IRS) really kicked things into high gear at the very end of 2015. While the rest of us were winding down, hanging out with friends and family, and eating far too many gingerbread men (or perhaps that was just me), the industrious tax elves slipped a few […]