Finance/Taxes
Finance/Taxes News, Articles, Blogs, Webinars, White Papers & Events. Human Resources Management featuring HR news on Finance/Taxes.
-
Employers Urge Congress to Pass Pension Funding Relief Legislation
More than 200 employers and trade associations have signed a letter urging federal lawmakers to pass legislation that would allow pension plan sponsors to use higher interest rate assumption in valuing plan liabilities, cutting plan contributions by billions of dollars. Without a change in law,
-
Bill Proposed to Make Employer-Paid Education Aid Tax Break Permanent
Under Section 127 of the Internal Revenue Code, employers can reimburse employees for up to $5,250 in annual undergraduate and graduate costs without the reimbursement being included in employees' taxable income.
-
Military Veterans Finding a Niche Among Auto Dealers
Not only can dealers get one-time tax credits ranging from $2,400 to $9,600 for hiring veterans, but recruiters and dealers say many veterans have attributes that make them strong job candidates.
-
Dropping Health Care Coverage No Easy Decision for Employers
Because employer and employee health care benefit contributions are made on a pretax basis, it wil cost employers considerably more than the $2,000-per-employee fee for dropping coverage, if the law survives legal challenges being heard by the Supreme Court.
-
Insurance Firm CEO Turns Down Year-End Bonus
Hartford's Liam McGee had come under fire this year from the president of hedge fund manager Paulson & Co. and Hartford's largest single stockholder, who urged Hartford to break up the company in order to boost shareholder value.
-
Home Depot Renovates 401(k) Plans to Add Value, Cut Costs
The plans offer a core lineup of 12 options, in addition to the target-date series and a self-directed brokerage window to accommodate participants who want greater access to mutual funds, exchange-traded funds and stocks.
-
Survey: Health Care Reform Splits Employers
Forty percent of employers want the high court, which is hearing oral arguments this week on the constitutionality of the Patient Protection and Affordable Care Act, to strike down the 2010 law. Still, employers are far from being united in favor of repealing it.
-
Racial Disparities in 401(k) Accounts Found: Aon
Among the employees who reported pulling money out of their retirement savings, two-thirds indicated they needed the cash for an emergency, debt or day-to-day living expenses.
-
Fortune 1000 Firms' Pension Plan Funding Falls to 78% in 2011
The aggregate funding level of 422 pension plans offered by Fortune 1000 companies fell to 78 percent in 2011, down from 84 percent in 2010 and 81 percent in 2009, according to Towers Watson & Co. analysis.
-
SEC: Financial Advisers Traded on Info Gleaned From AA Meeting
The pair allegedly learned about an upcoming insurance company merger during an Alcoholics Anonymous meeting, where shares rose 64 percent.
-
For 401(k) Advisers, Time to Shelve Old Retirement Dogmas
Plan participation, investment options are not always true measures of a plan's performance.
-
Several States' Residents Show Their Financial Savvy
The Employee Benefit Research Institute did a state-by-state analysis to see whether it was possible to pinpoint financially savvy states and ranked them in two categories: financial literacy and financial behavior.
-
PBGC Updates Estimate of Funding Relief for American Airlines
According to the Pension Benefit Guaranty Corp., American Airlines received specific funding relief in the Pension Protection Act of 2006 and an Iraq War spending bill in 2007 that allowed airlines to spread their unfunded liability in 2008 over 10 years instead of seven.
-
Novartis Agrees to $99M Settlement in Sales Rep Wage Dispute
The $99 million settlement resolves the wage-and-hour claims brought in 2006, as well as additional wage-and-hour claims covering a more recent time period, according to the joint announcement by Novartis and Sanford Wittels.
-
U.S. Health Care Spending Totaled Nearly $2.6 Trillion in 2010
In 2010, total U.S. health care spending hit $2.593 trillion, or $8,402 per person. While a record, expenditures rose only 3.9 percent in 2010, up slightly from a 3.8 percent increase in 2009, according to statistics compiled by researchers at the Centers for Medicare & Medicaid Services.
-
Empire Blue Cross Changes Course on Health Plans
The decision is being greeted with relief by brokers and small businesses. An estimated 20,000 companies, covering as many as 250,000 workers and their family members, use the plans being discontinued by Empire.
-
Affluent Anxious About Retirement Too, Wells Fargo Finds
Four in 10 of those surveyed said that their biggest fear about retirement is that they 'will do all the right things and it still won't be enough for tomorrow.'
-
Aon Moving Its Headquarters to London
Aon President and CEO Greg Case said the move, which must be approved by shareholders, is another step in the firm's strategic plan to grow Aon as a global platform. In particular, London will help Aon grow its business in emerging markets, he said.
