Tag: 2016

Tips for Tackling the Opioid Epidemic in the Workplace

According to the Bureau of Labor Statistics, on the job deaths from drug- or alcohol-related causes have grown 25% annually since 2012. That’s a serious concern. Even worse, U.S. Department of Health and Human Services says that 116 people died every day in 2016 from an opioid overdose, and over 2 million people had an […]

psychology

Are Employees More Engaged?

A new report finds that global employee engagement levels, which took a slight dip in 2016, jumped back to an all-time high in 2017.

pension

Study: Defined Benefit Plans Funded Ratio Increased Moderately in 2017

Strong market returns and larger-than-expected employer contributions shored up the funded status of the United States’ largest corporate pension plans modestly at the end of 2017, compared with the end of 2016, according to an analysis released January 2 by consulting firm Willis Towers Watson.

health insurance

CMS Releases 2016 National Health Expenditure Figures

In 2016, overall national health spending increased 4.3% following 5.8% growth in 2015, according to a study by the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS). Following Affordable Care Act (ACA) coverage expansion and significant retail prescription drug spending growth in 2014 and 2015, says CMS, healthcare spending growth […]

minimum wage

Maine Minimum Wage Increase Set to Take Effect January 1

Changes to the Maine minimum wage law taking effect January 1 mean that the minimum wage for tipped workers will continue to be $5 an hour instead of rising $1 an hour like the minimum wage for workers who don’t receive tips.

healthcare

HSA Use Grew 23% Between 2016 and 2017, Report Finds

The number of health savings accounts (HSAs) surpassed 21 million, holding about $42.7 billion in assets, according to a research report by Devenir. The investment advisor firm noted that represents a year-over-year increase between June 30, 2016 and June 30, 2017, of 23% for HSA assets and 16% for the accounts.

Defined benefit retirement plan

Multiemployer Pension Plan Funding Nears Peak Since 2008 Crash, Study Says

Multiemployer retirement plans’ funding in the first half of 2017 neared its best position since the market collapse of 2008, according to a new study by the actuarial consulting firm Milliman. But despite an average funded percentage of 81%, these plans still face significant pressures, with many on track to require assistance in the future […]

HSA

HSAs Have Become Significant Part of Employer Health Plan Coverage, Says EBRI

Both enrollment in health savings account (HSA)-eligible health plans and the number of HSAs have grown significantly since HSAs first became available in 2004; as a result, HSAs have become a significant part of employment-based health plans, according to an issue brief from the Employee Benefit Research Institute (EBRI).

Defined benefit retirement plan

DB Plan Sponsors’ Interest in Pension Risk Transfer Accelerating

Interest in transferring pension risk off their balance sheets and on to insurance companies appear to be accelerating among U.S. defined benefit (DB) retirement plan sponsors, according to a recent poll conducted by insurer MetLife. The poll’s results lead MetLife to predict 2017 will be “another very robust year of [pension risk transfer] market activity.”