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Are High-Deductible Plans The Way To Go?

ACA Times

KFF released their 2016 Employer Health Benefits Survey earlier this month, covering an array of topics involving premiums, deductibles, and plan options for both individual and family plans. In 2015, the increase was only 4%, yet a 31% increase was witnessed in the five years between 2006 and 2011. Here’s why. Times are changing.

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7 Surprising Facts HR Pros Should Know About the GDPR

Visier

Although there is no grace period, organizations had two years to prepare, as the GDPR was formally adopted in April 2016. A data subject’s “right to erasure” or “right to be forgotten” has been recognized as a concept in the European Union since 2006. GDPR Compliance. Personal data includes a work email address.

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Study: Retirement Plan Fees’ Decline Slowed in 2017

HR Daily Advisor

The 12 th Annual NEPC Defined Contribution Plan and Fee Survey showed that DC plans’ expenses stayed steady in 2017 at a median annual $59 per participant, up slightly from $57 in 2016. In contrast, when NEPC first conducted the fees study in 2006, median fees per participant were $118 and the expense ratio was 0.57%.

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Study: Defined Benefit Plans Funded Ratio Increased Moderately in 2017

HR Daily Advisor

Strong market returns and larger-than-expected employer contributions shored up the funded status of the United States’ largest corporate pension plans modestly at the end of 2017, compared with the end of 2016, according to an analysis released January 2 by consulting firm Willis Towers Watson. trillion at the end of 2016 to an estimated $1.43

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How HR Can Tackle Diversity Using the Rooney Rule

Visier

The results were impressive – minority head coaching hires in the NFL increased from 6% to 22% in 2006 – and as the White House strives to show, the implications of the rule can be far-reaching. How to keep track of your compliance. With President Obama’s endorsement of the Rooney Rule, workforce diversity is center stage.

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Multiemployer Pension Plan Funding Nears Peak Since 2008 Crash, Study Says

HR Daily Advisor

multiemployer defined benefit (DB) plans from December 31, 2016, to June 30, 2017. The aggregate funded percentage for all plans is estimated to have improved to 81% as of June 30 from 77% at the end of 2016, with a multiemployer plan system shortfall reduced by $21 billion. Gap Continues to Widen.

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Pennsylvania: FMLA Settlement Proceeds Not Subject to Federal Tax Withholding

HR Daily Advisor

In 2006, Vincent Gunter began working as a millwright for Cambridge-Lee Industries, LLC (CLI). In June 2016, Gunter filed a motion to enforce the settlement in a Pennsylvania federal court. The court reasoned that because the FMLA settlement proceeds weren’t wages, they weren’t subject to federal withholdings. Background.

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