While many plan sponsors are backing away from retiree benefits, there is a growing focus by employers on helping employees approaching retirement to prepare for the financial burden that they may face on the health front.
Since the late ‘90s there has been a growing shift away from employers providing group health and dental coverage for retirees. Increasing healthcare costs, provincial de-listing of services, an aging population and changes to accounting rules are the main culprits that are eroding coverage for post-employment.
The daughter of a late John Helwig, former Chicago Bears player from the 1950s, is accused of illegally collecting money from an NFL pension plan years after her father's death.
Getting players in the Canadian Football League (CFL) to focus on planning for their retirement while they work on passing yards or tackles is a tough play to execute. But, with the average CFL playing career lasting just 3.2 years, Mike Morreale, president of the Canadian Football League Players’ Association (CFLPA) knows it’s important to get players to consider their future.
In a midnight session, the National Football League Players Association struck a tentative deal the league that will get the referees and other officials back on the field.
Marc Poupart, divisional vice-president, pension and retirement programs, with Hudson's Bay Company (HBC), discusses his company's extensive DC retiree base.
The number of global nomads—employees who move from country to country on multiple assignments—and long-term expatriates has risen, and, according to recent research from Mercer, it’s creating a problem for employers that offer expat retirement programs.
With an aging workforce and retiring boomers, questions about retiree benefits are becoming more prominent within organizations and in general conversation. You can tell the baby boomers are about to retire when the discussion of retiree benefits moves from the corporate boardroom to the dining room.