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12 Matching News Items

1.  Mayor Offers St. Louis Firefighters a Pension Plan with Major Cuts for New Hires
St. Louis Post-Dispatch Link to more items from this source
Feb. 9, 2012
[T]wo bills championed by Mayor Francis Slay and to be introduced Friday to the Board of Aldermen ... would essentially close the current Firemen's Retirement System of St. Louis, which is partly controlled by state law, and start a new, city-governed fire pension plan.
2.  New Health Policies Will Expose Many Missourians to Higher Premiums, More Risk
Kaiser Health News and St. Louis Post-Dispatch Link to more items from this source
Oct. 22, 2013
"Thanks to government subsidies, many St. Louis-area residents will be able to afford health insurance for the first time, beginning in 2014. But the insurance they'll be able to buy will offer a limited range of options.... In 2014, experts say, health care consumers are likely to face higher monthly premiums and more financial risk as deductibles and out-of-pocket limits rise."
3.  Missouri State Employees Retirement System Board Votes to Drop Staff Bonuses
PLANSPONSOR; free registration may be required Link to more items from this source
Jan. 25, 2010
Excerpt: The Missouri State Employees Retirement System (MOSERS) board voted 8-1 Thursday to discontinue bonuses and automatic cost-of-living raises for the system's 72 employees. According to a report in the St. Louis Post-Dispatch, MOSERS Executive Director Gary Findlay said anything that can be termed a bonus is 'poison' in the current economic climate and hurts the image of the retirement system, the Post-Dispatch reported.
4.  As Wall Street Spasmed with Fear, 401(k) Savers Held Steady
St. Louis Post-Dispatch Link to more items from this source
Feb. 1, 2019
"While professional traders on Wall Street scrambled to sell stocks amid a fear-fueled, nearly 20 percent drop for the S&P 500 late last year, most people at home remained relatively calm when it came to their own retirement savings.... Investors held the steadfast approach even as the average 401(k) balance dropped to $95,600 by the end of the year, down 10 percent from three months earlier."
5.  Ascension Pension Settlement Highlights Vulnerability of 'Church Plans'
St. Louis Post-Dispatch Link to more items from this source
Aug. 7, 2015
"Under the settlement, contingent on approval next month by a federal judge in Michigan, Ascension agrees to make a one-time $8 million cash payment to its pension plans and adopt certain ERISA-like protections. The protections include the guarantee of plan benefits through JuneĀ 30, 2022, and regular financial notices about the plans. The Ascension pension plans, however, will still be considered 'church plans,' which are exempt from ERISA[.]"
6.  Missouri Lags Behind in Insurance Pricing Transparency
St. Louis Post-Dispatch Link to more items from this source
Aug. 18, 2014
"The Show-Me State is one of the only states that does not have the ability to review health insurance rates. Wyoming is close behind; it has only the ability to review rates for health maintenance organizations, or HMOs.... Only two carriers, Coventry and Anthem Blue Cross Blue Shield, offered plans on the Missouri exchange during the inaugural year. And while both are expected to offer plans again this year, details about their insurance products -- as well as those offered by other insurance companies -- are unlikely to be known before the Nov. 15 start of open enrollment on the exchange."
7.  New Missouri Law Requiring Licenses Will Impose Hurdle for Health Insurance Navigators
St. Louis Post-Dispatch via Kaiser Health News Link to more items from this source
July 17, 2013
"The new state law requires insurance counselors -- known as navigators -- get state licenses before they begin helping consumers shop for health plans on the exchange. But no state regulatory framework is in place. And even if it's set up quickly, the law could make it hard for navigators to do their jobs because it bars them from providing advice about health plan features or recommending a specific plan."
8.  Hospital Layoffs Point to Growing Problem for Health Care
St. Louis Post Dispatch Link to more items from this source
June 17, 2013
"BJC Healthcare's decision to cut 160 employees last week is a tangible sign that hospitals ... are being increasingly squeezed by government cuts and reduced consumer spending. Similar layoffs are occurring at hospitals in Indianapolis, northern Virginia and other parts of the country. Health care experts attribute the job reductions to a raft of potential economic hardships that hospitals will face as the [ACA] is implemented, along with other financial pressures on health systems nationwide."
9.  Judge Strikes Down Ordinance Prohibiting Trustees from Using Plan Funds to Bring Suit Over Changes to Firefighter Pension Plan
St. Louis Post-Dispatch; free registration required Link to more items from this source
July 8, 2012
"'Plaintiffs' petition raises serious and substantial questions concerning the authority of the City to control the administration of the retirement system,' [the judge wrote]. 'The Court is doubtful that the City may disable the system trustees from seeking judicial relief if an ordinance pertaining to the retirement system is invalid as exceeding the City's powers. At least part of the city law ... is 'probably invalid.'"
10.  Getting Health Care at Work
St. Louis Post-Dispatch Link to more items from this source
Feb. 7, 2011
In recent years, a growing number of Fortune 500 companies - including such household names as Google, Sprint Nextel, Intel and Toyota - have set up or expanded their use of workplace health clinics and wellness centers to offer free medical services to employees and their families.
11.  Ford Settles Retirement Fund Suit
St. Louis Post-Dispatch Link to more items from this source
Sept. 10, 2010
Excerpt: The proposed settlement, which must be approved by U.S. District Judge Stephen J. Murphy III in Detroit, will provide free financial advice for four years to hourly and salaried retirees and employees who invested in Ford stock since April 2000.
12.  Mail-Order Drug Provider Identifies $163B In Potential Prescription Drug Savings
Henry J. Kaiser Family Foundation Link to more items from this source
Apr. 21, 2010
Excerpt: A study by Express Scripts, a mail-order prescription drug provider, said Tuesday that an 'estimated $163 billion in health care spending could be saved each year if patients took their medicines as prescribed, chose generic drugs and other low-cost alternatives, and had their prescriptions delivered by mail,' the St. Louis Post-Dispatch reports.

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