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28 Matching News Items

1.  HR Daily Advisor Link to more items from this source
Dec. 1, 2015
"Since 2010, these companies have reported five major breaches and two minor ones. Five of the reported breaches involved mailing errors.... Former employees of Triple-S and its business associates also were a recurring problem ... The $3.5 million resolution amount is the highest OCR has levied on a single entity by settlement."
2.  The Daily Record Link to more items from this source
Dec. 16, 2014
"Lockheed Martin Corp. agreed to the provisional settlement of a $1.3 billion lawsuit by workers who claimed the Bethesda-based defense contractor mismanaged their retirement benefit plans, soaking them with fees while depriving participants of returns on company stock at least equal to those of investors on the open market. The accord, which requires court approval, was disclosed [Tuesday, December 16] by U.S. District Judge Michael Reagan ... The workers filed their class action in 2006."
3.  Investor's Business Daily Link to more items from this source
Dec. 15, 2015
"One of the most significant results of states gaining an ERISA exemption is that it would make it difficult for workers to sue states in federal court if they mishandled these funds. Because ERISA only applies to private workers, states already have license to operate free of the law in their own government-employee pension systems, and the results have been catastrophic."
4.  New York Daily News Link to more items from this source
Feb. 14, 2013
"Participants, on average, put away 8% of their salaries in their 401(k) plans. More participants increased their savings rate, than decreased it -- 5.8% vs. 3.1%. One reason people are contributing more is the growing of popularity of automatic escalation programs where annual increases are put on autopilot."
5.  The Daily Record Link to more items from this source
Mar. 29, 2023
"Some of the protections and benefits that will be gutted by HB 357/SB 898 include eliminating discounts for co-pays, which employers use to drive down costs by encouraging patients to visit pharmacies or utilize mail-order prescription services that sell drugs at lower prices. This legislation also ... [eliminates] the protections that control costs for specialty prescription drugs or when purchasing prescription drugs from a specialty pharmacy.... [If] this legislation passes, Maryland lawmakers will increase costs throughout the health care supply chain."
6.  The Daily Record Link to more items from this source
Sept. 7, 2008
Excerpt: It has taken nearly a year for the legislation to make its way through City Council, but Tuesday the Council Finance Committee finally approved a bill that paves the way for hundreds of City employees to elect one of two pension options. Ordinance 2007-1136 was first introduced to Council Oct. 23 of last year.
7.  GovExec.com Link to more items from this source
Aug. 14, 2001
"Nearly four years of work to modernize the Thrift Savings Plan's computer system may have to be scrapped, TSP Executive Director Roger Mehle said Monday. The TSP board is trying to regroup and push forward with an ambitious schedule after last month's firing of American Management Systems. The Fairfax, Va.-based contractor was hired in 1997 to modernize TSP's 15-year old record-keeping system."
8.  The [Jacksonville FL] Financial News & Daily Record Link to more items from this source
Nov. 19, 2003
Excerpt: The City fired Putnam Investments Tuesday from its management of two pension funds worth $190 million. The City's finance director said the decision was made after learning that Massachusetts securities regulators are investigating the Boston–based company's top legal officer.
9.  Financial News & Daily Record Link to more items from this source
July 23, 2008
Excerpt: 'It's cause for concern but not for alarm.' That's how John Keane, executive director and administrator of the Police and Fire Pension Fund (PFPF), describes the current underfunding of the pension plan for Jacksonville's public safety employees who are currently enrolled in the fund. As of Sept. 30, 2007 the PFPF was underfunded (liabilities exceeded assets) by $534 million. According to figures provided by the Council Auditor's Office, that means the PFPF is underfunded by 36.5 percent.
10.  The Daily Beast Link to more items from this source
Sept. 19, 2012
"HIPAA -- which most people think of as a law about medical records -- in fact had rules about exclusions for pre-existing conditions.... [T]he problem is that it's complicated to find, and expensive to buy, not that you are uninsurable.... [I]nsurance being expensive -- it is, even at group rates -- is a very different problem from people being uninsurable. They imply very different solutions."
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