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Many U.S. employers are increasingly losing confidence in their workers' ability to save for retirement and, as a result, plan to step up their efforts this year to help workers maximize their 401(k) savings, according to a survey by Hewitt Associates.
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President Obama, at an impromptu news conference on February 9, said he is not willing to scrap existing health care legislation, but he is open to any measures that meet his goals to control health care costs, reform insurance practices, provide affordable health care and put U.S. economy on a sustainable fiscal path.
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The U.S. Department of Labor has announced an $880,000 grant to provide an estimated 800 jobless workers in Maine with partial premium payments for health insurance coverage.
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An estimated 3 million full-time workers in America without health insurance (16.3 percent of all full-time workers without health care insurance) needed substance use treatment in the past year according to a national survey conducted by the Substance Abuse and Mental Health Services Administration (SAMHSA).
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The American Society of Pension Professionals and Actuaries (ASPPA) has filed a petition on behalf of 797 firms with the Labor Department requesting the DOL to allow the sharing of signer credentials under the EFAST2 system.
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The Labor Department has obtained a default judgment appointing an independent fiduciary to manage the abandoned 401(k) plan of defunct Digitel Solutions for Business Inc. or Empire Telecom Systems Corp., formerly located in Buffalo, New York.
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The PBGC has announced that it is has notified Bendix Commercial Vehicle Systems LLC of its responsibility to pay $16.9 million in pension liability.
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