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Benefits News

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Boomers, Gen Y Get Benefits Information From Workplace

November 21, 2008

A new study found just over three-quarters (76%) of Baby Boomers and 68% of Generation Y workers get their benefits information from their employer.

American Pensions See Record $93-Billion Loss

November 21, 2008

After adjustment for liability gains, pension funding dropped to 92.7% (a 12% decline from the funded ratio at the beginning of 2008) after surrendering a total of $59 billion ...

Canadian Pension Sponsors Get Tips on De Risking Plans.html

November 20, 2008

In light of the financial crisis and the Canadian governments willingness to consider easing restrictive pension funding rules, corporate pension executives are looking for ways to de-risk pension strategies.

Workers at Small Companies Pay Larger Share of Health Costs

November 20, 2008

A new analysis of employer-provided health insurance finds that firms with fewer than 200 employees are less likely to offer health insurance (62%) to workers than are larger firms (99%).

Annual Bonus and Stock-Based Awards Expected to be Down in 2009

November 20, 2008

A new survey finds that companies expect annual bonus and stock-based awards for executives to decline.

Royal Bank of Scotland Improves Employee Engagement With New Flexible Benefits Tool

November 19, 2008

The Royal Bank of Scotland (RBS) developed a strategy for driving employee engagement as a means to improve productivity and the bottom line.

Report Combines Benefits and Compensation Data

November 19, 2008

A new total rewards survey combines benefits and compensation data in an effort to help organizations evaluate their marketplace effectiveness to plan for the future.

Health-Care Spending in Canada Up $10 Billion Since 2007.html

November 18, 2008

Health-care spending in Canada is expected to reach $171.9 billion for 2008, or $5,170 per person.

WorldatWork Comments on Legislative Proposal Requiring W-2 Reporting of Employer-Provided Health-Care Costs

November 17, 2008

WorldatWork submitted comments to the U.S. Senate's Finance Committee on a legislative proposal recommending employers disclose the amount they pay for health care on an employee's W-2 tax form.

Senate Finance Committee Chair Releases Health Care Proposal

November 17, 2008

Sen. Max Baucus (D- Mont.) has laid out a plan for ensuring that all Americans have access to health care, whether it's through employer-sponsored plans or private insurers ...

Employers Want To Keep Work-Sponsored Insurance

November 17, 2008

According to a new survey, 64% of employers surveyed believe that employer-based health care should continue to be the primary mechanism for benefits delivery ...

New FMLA Regulations Released

November 14, 2008

The Department of Labor (DOL) has released new, final regulations to the Family Medical Leave Act (FMLA) of 1993. The regulations were updated to address new military family leave provisions ...

WorldatWork Urges Congress to Pass Technical Corrections to the Pension Protection Act

November 14, 2008

WorldatWork joined almost 300 other organizations in issuing a comment letter to Congress regarding the funding provisions in the Pension Protection Act of 2006 (PPA) scheduled to come into effect this year.

U.K. Workers To Get More Paid Leave, Still Lowest Amount in Europe

November 13, 2008

By April 2009 the minimum number of paid leave days in the United Kingdom (U.K.) will increase from 24 to 28 days ...

Multinational Companies Face Total Rewards Challenges

November 13, 2008

A new benefits survey identifies the challenges multinational companies often face when it comes to benefits and compensation versus companies that operate within the confines of one country.