DOL to issue proposal to help states avoid ERISA
Guidelines that will offer assistance for states that want to avoid or embrace the Employee Retirement Income Security Act are expected to be released by the end of the year, Borzi says.
State health insurance exchanges
Massachusetts sick time law: What employers need to know
Massachusetts implemented a sick leave law earlier this year. Employers in other states may want to take note.
New CA law requires insurers give notice on agent agreement changes
California becomes the first state in the country to mandate 45-day notice for any material changes to agent agreements. The law comes in response to two insurers cutting commission with little notice mid-enrollment season.
NY to shut ACA co-op with $265 million in loans
Health Republic Insurance of New York, the Affordable Care Act insurer that got $265 million in U.S. loans, will stop selling policies and eventually cease operations under orders from New York and federal regulators.
Uber drivers certify California class action
While Uber is fighting hard on all fronts to prove its drivers are correctly characterized as independent contractors, there are examples of other successful app-driven on-demand start-ups that have either converted contractors to employee status or characterized all workers as employees from the get-go.
States helping workers save for retirement
A number of states are looking to establish state-run DC plans for workers who dont have access to employer-sponsored retirement plans.
ACA exchange marketplace enrollment falls to 9.9 million, U.S. says
About 9.9 million people got health insurance coverage through the marketplaces set up by the ACA as of June 30, a decline from earlier in the year though still higher than the White House administrations target.
Retirement savings shortfalls becoming state problem
While states are starting to realize they need to step up and help private sector employers better prepare their employees for retirement, Americans continue to fall short in meeting their economic needs in retirement.
More jurisdictions require paid sick leave
Paid sick leave seems to be gaining traction in some parts of the United States, but it continues to face a lot of resistance.
Obama looks to states on retirement readiness
President Obama this week asked the Department of Labor to propose a set of rules by the end of the year that would provide a clear path forward for states to create retirement savings programs.
State HIXs deny mergers, talk up transitions
Most of the 13 state-run public health insurance have collectively spent $4.8 billion in federal funding during their first 17 months of operations and face serious cash-flow problems.
9 hot trends in DC plans for 2015
Defined contribution plans have become one of the fastest-growing segments of the retirement industry, representing $7 trillion of the $24 trillion in retirement system assets in 2014, and while private companies have been at the forefront of the change, but government entities are following suit, which means DC plans will become even more important in the years ahead.
Growth in state-run retirement plans could help employers
In recent years, a number of states have begun toying with the idea of creating their own retirement systems to help smaller employers provide workers rudimentary retirement savings opportunities.
Retirees could lose their ‘guaranteed’ health-care benefits
California's struggling to pay for health care for retired state employees, with an estimated $72 billion in medical costs coming in the next 30 years. Gov. Jerry Brown's solution: Make workers start contributing money to pay for the health care they'll need after retiring.
Illinois pension bout tests nation grappling with shortfalls
Illinoiss remedy for the states worst-in- the-nation $111 billion pension-funding shortfall was disliked by lawmakers who voted for it, the new governor who inherited it and public employee unions who sued to void it.