Jerry Geisel (mailto:jgeisel@BusinessInsurance.com)
WASHINGTON?The limits on contributions to defined contribution plans and the amount of benefits that can be funded through defined benefit pension plans will increase in 2008, the Internal Revenue Service announced Thursday. Among the increases, the maximum total contribution, including employer...
ARLINGTON, Va.?Watson Wyatt Worldwide is spinning off its multiemployer retirement plan consulting practice in the United States and Canada, with the business being taken over by two new firms comprised of current Watson Wyatt employees. Currently, U.S. and Canadian multiemployer retirement...
WASHINGTON?Legislation to extend the federal terrorism insurance backstop received two big boosts Wednesday when the Senate Banking and Housing and Urban Affairs Committee approved a seven-year extension and the Bush administration said it would not oppose the committee-approved bill. The panel...
WASHINGTON?On a 32-13 vote Tuesday, the House Energy and Commerce Committee approved mental health care benefits parity legislation, setting the stage for a vote by the full House of Representatives and a future showdown with the Senate, which has passed a different parity measure. Passage of H.R....
WASHINGTON?The Senate Banking and Housing and Urban Affairs Committee is scheduled to vote Wednesday on legislation to extend the federal terrorism insurance backstop for seven years. The vote comes after Sens. Chris Dodd, D-Conn., the committee?s chairman, and Richard Shelby, R-Ala., the panel?s...
WASHINGTON?The House Energy and Commerce Committee is scheduled to vote Tuesday on mental health care benefits parity legislation, setting the stage for a vote by the full House of Representatives. The legislation, H.R. 1424, which already has been approved by two other House committees and the...
DETROIT?Members of the United Auto Workers have ratified a historic contract with General Motors Corp. that will end GM?s obligation to provide retiree health care benefits to UAW members and also establish a cash balance pension plan for certain new employees, the UAW announced Wednesday. In...
WASHINGTON?The House Energy and Commerce Health Subcommittee on Wednesday approved mental health care benefits parity legislation on a voice vote, sending the bill to the full committee and moving the measure closer to a vote by the House of Representatives. The legislation approved by the panel,...
WASHINGTON?The Internal Revenue Service on Tuesday issued guidance to help employers comply with requirements laid down under a 2006 law that created a new methodology for valuing pension plan liabilities. Currently, employers use the four-year weighted average on the yield on long-term corporate...
WEBSTER CITY, Iowa?Employees enrolled in 401(k) and similar defined contribution plans would be eligible for new tax breaks under a proposal unveiled Tuesday by Democratic presidential candidate Sen. Hillary Rodham Clinton, D-N.Y. Under the plan, which Sen. Clinton outlined at a campaign stop in...
