article thumbnail

The Gig Economy: Distraction from a Real Problem or Disruption to the System?

TalentCulture

In fact, a recent study showed the number of Americans benefiting from alternative work arrangements rose by nearly 10 million between 2005 and 2015. Nor can they invest in retirement and/or health care benefits for their families, nor help their kids with the costs of higher education. And while the U.S. Are We All Doomed?

System 110
article thumbnail

401(k) 101: A Benefit for Employers and Employees Alike

HR Daily Advisor

Since 401(k) retirement savings plans first appeared in the early 1980s, they have grown rapidly. To allow employees to supplement their future retirement income. To provide a highly mobile work force with a suitable way to save for retirement. Today, they are one of the most popular and widespread employee benefits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How COBRA Intersects with Medicare and Retiree Health Plans

HR Daily Advisor

If an employer offers retiree health coverage that is a non-COBRA alternative to COBRA coverage for eligible retirees, then the retirees are still considered “covered employees” for COBRA purposes. Employers should analyze how Medicare entitlement will affect the offering of retiree plans as alternative coverage. So what happens?

article thumbnail

401(k) Hardship Withdrawal Rules Explained

HR Daily Advisor

For employers, it increases the adminis­trative burden of operating the plan; for employees, making preretirement withdrawals can sig­nificantly drain retirement savings. Jennifer Carsen, JD, is a Senior Legal Editor for BLR’s human resources and employment law publications, focusing on benefits compliance.

article thumbnail

More on Managing Employee Status Changes Under the Affordable Care Act (ACA)

HR Daily Advisor

We have an employee who retired on August 31, 2016. 1H and 2C and then the dollar amount of the insurance premium the retired employee will pay? Jennifer Carsen, JD, is a Senior Legal Editor for BLR’s human resources and employment law publications, focusing on benefits compliance. Before joining CER in 2005, Ms.

article thumbnail

U.S. Supreme Court: ‘Church Plan’ Need Not Be Established by a Church to Qualify for ERISA Exemption

HR Daily Advisor

The Employee Retirement Income Security Act of 1974 (ERISA) generally requires private employers offering pension plans to adhere to a lengthy list of rules designed to ensure plan solvency and protect plan participants. Before joining CER in 2005, Ms. Church plans, however, are exempt from those requirements.

article thumbnail

An Introduction to Cafeteria Plans: Permitted Tax-Exempt and Taxable Benefits

HR Daily Advisor

Jennifer Carsen, JD, is a Senior Legal Editor for BLR’s human resources and employment law publications, focusing on benefits compliance. Before joining CER in 2005, Ms. and practiced in the Labor & Employment Department at Sidley & Austin, LLP in Chicago. Carsen was a Legal Editor at CCH, Inc.