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Retirement Saving Strategies for Business Owners

"[O]nly 14 percent of entrepreneurs expect to fund their retirement by selling their company ... Most of the entrepreneurs surveyed (59 percent) think they will achieve most of their retirement income goals by saving current earnings. Yet they don't put their retirement money where their mouths are: Only 33 percent have individual retirement accounts ... while 32 percent have Roth IRAs and 13 percent have simplified employee pension IRAs. Unfortunately, 40 percent of entrepreneurs surveyed don't save at all."

Pharmacy Groups Defend Iowa PBM Law Amid Legal Challenge

"The National Community Pharmacists Association, Iowa Pharmacy Association, American Pharmacists Association and Independent Pharmacy Cooperative filed a friend-of-the-court brief ... arguing that the law is legal and urging the 8th Circuit Court of Appeals to allow it to stand. The groups, which represent independent community pharmacies, say that PBM actions targeted by Iowa's law are driving unaffiliated pharmacies out of business and harming patient access to drugs." [Iowa Assoc. of Bus. and Ind. v. Ommen, No. 25-0211 (S.D. Iowa Jul. 21, 2025; on appeal to 8th Cir. No. 25-2494)]

Elon Musk Sued for $128 Million in Unpaid Severance by Former Twitter Execs

"According to the lawsuit, Musk 'has a special ire toward' the company's former execs and has 'vowed a lifetime of revenge' against them.... The Plaintiffs lawyer argues that they were still protected by [ERISA] and that his 'scheme… was a pointless effort that would not withstand legal scrutiny.' " [Agrawal v. Musk, No. 24-1304 (N.D. Calif. complaint filed Mar. 4, 2024)]

How One Employer Cut Employee Health Care Costs in Half by Making Direct Contracts with Providers

"The first step ... was getting rid of [the] overcharging health insurance carrier and pharmacy benefit manager. They were blocking access to billing claims data we needed to understand which providers were overbilling ... [The] health plan has made contracts with ambulatory surgical centers, centers of excellence and imaging centers at fractions of what big hospitals charged under the previous plan.... [E]mployees now enjoy primary and ancillary care for free and prescriptions for $1."

Retail Workers Have Mental Resilience, But Don't Often Use Employer Mental Health Services

"New research ... revealed that while frontline workers in retail and service-related businesses have high levels of stress, anxiety and depression, they are more resilient to these conditions than non-frontline workers.... The research also suggests that many workers do not know their employers have mental health services to help them."

CVS to Overhaul Prescription Drug Pricing

"[T]he company said its more than 9,000 pharmacies will be reimbursed by contracted pharmacy benefit managers (PBMs) and payors using a formula built on the cost of the drug, a set markup, and a flat fee to cover pharmacy services. CVS said the new model, called CostVantage, aims to bring 'greater transparency and simplicity to the system.' It is expected to launch for commercial payors in 2025, CVS said."

What CalSTRS, CalPERS Did in Days After Learning Hackers Had Stolen Retirees' Personal Info

"The leaders of CalPERS and CalSTRS, the nation's two largest public pension funds, provided more details about their actions after they were notified  ... [by] a vendor ... that a hacker had punched through a weakness in the software code of a data transfer platform it used to securely share information."

SAG-AFTRA Health Plan Settles Lawsuit Led by Ed Asner

"As part of the agreement, SAG-AFTRA will pay $15 million to older members of SAG-AFTRA who lost their coverage in the guild's health plan due to changes made in 2020 that raised the amount of annual earnings required to qualify for the plan and removing members' ability to count residuals towards that earnings threshold."

Rhode Island Police, Firefighters Make Opening Pitch in Battle to Restore Annual Pension COLAs.

"The push to reinstate annual pension boosts to Rhode Island's retired state and municipal workers, as well as public school teachers, began anew ... with a plea from lobbyists for two groups -- police and firefighters -- to get 2.5% compounded annual Cost of Living Adjustments, or COLAs."

How Long $500k Will Last in Retirement in Each State

"Although conventional wisdom suggests having a retirement nest egg of at least $1 million, that's a difficult number to achieve for many Americans. To paint a more realistic picture of retirement finances ... the study analyzed average spending data -- including groceries, housing, utilities, transportation and health care -- for people ages 65 and older."