Retirement

Benefits on a shoestring: 8 tips

07/01/2008

Don’t waste your time and money offering benefits no one cares about. Review all your coverages. Conduct eligibility audits. Those are just some of the tips comp and benefits expert Gary Kushner has for HR pros eager to maximize the value and reduce the costs of the benefits they provide.

Health costs, boomer retirements top list of 2008 HR concerns

06/24/2008

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Minnesota employers push for 401(k) enrollment, direct deposit

06/06/2008

Twenty Minnesota employers, including Target and the University of Minnesota, aim to convince more employees to contribute to their retirement savings plans and use direct deposit for their pay, as part of the employer-organized Financially Fit Minnesota program …

Con Ed retirees sue, saying buyout was a costly sellout

06/04/2008

New York Con Ed employees who took an early retirement buyout have filed a class-action lawsuit alleging the deal was nothing more than a loan-shark scheme …

Attorney General Cuomo calls double dipping ‘Inexcusable’

06/04/2008

State Attorney General Andrew Cuomo has subpoenaed the records of all 124 school districts on Long Island in an investigation of “double dipping” by administrators who received state pensions and were rehired for lucrative interim positions …

Duluth: Municipal retirees should sign up for Medicare

05/13/2008

The city of Duluth says it can save up to $600,000 per year if 37 of its retirees sign up for Medicare. The city discovered during a recent audit that some of its retirees weren’t enrolled in the federal retiree health insurance program …

You sometimes can boost benefits during union election

05/01/2008

As a general rule, once a union organizing drive is under way at a nonunion workplace, management can’t make any changes to the terms and conditions of employment. But what if the changes management wants to make are ones that the company has routinely made around that same time of year? …

New resource helps you launch auto-Enroll 401(k)

05/01/2008

Looking to increase participation in your 401(k)? With the government’s recent blessing, more employers are turning their 401(k) plans into “opt-out” plans rather than “opt-in.” …

Senate panel votes to stop police from ‘Double dipping’

04/14/2008

Following reports that more than 8,000 state employees are “double dipping”—collecting a pension while returning to work to collect a state salary—some lawmakers have tried to stop the practice. Another 131 state employees are said to be triple dipping …

Partner with marketing to create effective benefits messages

04/01/2008

More than half of all organizations rely on employee newsletters, special mailings and other printed pieces to increase enrollment in benefits programs, says a new study from the benefits consulting firm Watson Wyatt. Those pieces might not be as effective as you think. What you really need to do is convince employees to make some changes in how they manage their own benefits …