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Hewitt also offered its clients flexible investment strategies for employee benefit packages, which led to the formation of a new consulting firm, the Hewitt Investment Group, in 1974. 1980s and 1990s [ edit ]
The latest Trustees Report indicates the Social Security retirement trust fund will run out of cash by 2033 if Congress doesn't do anything. That could lead to some big changes in the near...
List. The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...
Website. www.dol.gov/agencies/ebsa. The Employee Benefits Security Administration (EBSA) is an agency of the United States Department of Labor responsible for administering, regulating and enforcing the provisions of Title I of the Employee Retirement Income Security Act of 1974 (ERISA).
Former administrators ask officials to reconsider moving Medicare-eligible employees to a Medicare Advantage plan. Joni Hubred-Golden , Patch Staff Posted Mon, Jan 6, 2014 at 4:00 am ET
Business leaders and influencers, like SHRM, have described the development as consumerization of employee benefits, and identified it as a trend to watch. In response, organizations are moving...
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering .
But in 2020 — when Klass was gearing down to live out his retirement in Clearwater, Florida — one of the benefits of a post-working life he thought that he earned was suddenly ripped away from...
For a long time, the Social Security Trustees have been warning that the retirement benefits system is facing some future financial hardships.
Members will also be entitled to an additional 20 vacation hours, automatically applied after January 2022, and they will receive increases in health benefits coverage, according to the terms.