Healthcare

With the movement from traditional paid leave plans to paid time off banks, many employers may wonder if the switch is effective in managing employee absences. Nearly one in five employees in the United States receive leave in the form of a PTO bank, but the contours of such policies are often little understood — especially outside of the human resources community, according to a new study out by the Institute for Women’s Policy Research and CLASP, a nonprofit that works to improve the economic security of low-income families.

Employers want to step up programs to encourage healthier behavior among their workers and to control spending on expensive injected specialty medicines, according to a survey by pharmacy benefit manager Express Scripts Holding Co.

At the height of the financial market meltdown in 2008, Leviton — a global manufacturer of electrical wiring equipment — became concerned about employees going into panic mode and either stopping contributions to the company’s 401(k) plan or, even worse, withdrawing money that was already in the plan. It was during that time the company, which has 10,000 employees worldwide, started thinking about auto-enrollment.

Following a pair of bear markets, advisers know the days of buy-and-hold investors with 60/40 portfolio allocations are over.

The New York Department of Financial Services has issued a mandate requiring New York life insurers to search the U.S. Social Security Administration’s Death Master File every three months in order to find beneficiaries of the recently deceased who are unaware they are eligible for benefits.

The Obama administration forged ahead with health care reforms on Wednesday, announcing a November 16 deadline for state governments to submit proposals showing how they intend to operate health insurance exchanges in 2014.

President Barack Obama's health care overhaul law contains a slew of new tax provisions, and their fate is unclear as the Supreme Court weighs the law's constitutionality.

The Department of Health and Human Services has awarded a total of $181 million in grants to assist six states in establishing health insurance exchanges under authority of the Patient Protection and Affordable Care Act.

Jean Coyle, 67, has a new kind of ministry. The former professor had just begun a career as a Presbyterian minister in Virginia when the economic downturn forced her church to let her go in 2007. After that, she found only temporary work.

Half of Americans say they aren’t contributing to a retirement plan, but more specifically 56% of Americans ages 18-34 are more likely to be among those not saving, according to a recent LIMRA survey.