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An employer providing benefits for medical care to an employee who’s state of residence offers premium assistance under Medicaid and the Children’s Health Insurance Program (CHIP), whether or not the employer itself is located in one of those states, must provide CHIP notices. The notices are required regardless of each employee’s enrollment status, by the later of the first day of the first plan year after February 4, 2010 or May 1, 2010. The Employee Benefits Security Administration (EBSA) has announced the availability of a template for employers’ notification purposes. The modifiable, electronic form can be found on the Department of Labor’s website: http://www.dol.gov/ebsa/chipmodelnotice.doc.
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The workplace has changed greatly since 2000 and will continue to evolve at an even greater pace into this next decade— but how? How should your company keep up or risk being superseded by the competition? Lori Dernavich, a business advisor who provides C-level executives, HR directors and boards with essential workplace performance solutions, provides tips to help stay ahead of the curve during the next decade.
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With total salary increase budgets now barely exceeding inflation, even top performers may barely be keeping up with cost of living increases, according to The Conference Board Salary Increase Budgets for 2010—Winter Update, containing revised projections for 2010 U.S. salary budgets and salary structure adjustments. Projected new 2010 projections show that salary increase budgets in the U.S. will be below 3 percent for the first time in more than two decades, and projected 2010 salary structure adjustments for all categories of employees are not expected to top 2.0 percent—well below The Conference Board's forecasted inflation rate (2.6 percent).
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People with depression generate higher absentee and disability costs on the job—even when they are treated with antidepressants, according to a study published in the Journal of Occupational and Environmental Medicine. Researchers found that employees treated for depression were roughly twice as likely as people in the control group to use short-term disability leave. For workers treated for severe depression, the short-term disability rate was three times higher.
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Many U.S. employers are increasingly losing confidence in their workers' ability to save for retirement and, as a result, plan to step up their efforts this year to help workers maximize their 401(k) savings, according to a survey by Hewitt Associates. High on employers' priority lists in 2010: restoring company 401(k) matches that were suspended or reduced during the market downfall and adding automated tools and investment features that take the guesswork out of saving and investing.
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There were five major strikes and lockouts involving 1,000 or more workers in 2009, the lowest number since the major work stoppages series began in 1947, the Bureau of Labor Statistics reported on February 10. The prior low for major work stoppages beginning in a calendar year was 14 in 2003. The five major work stoppages in 2009 idled 13,000 workers for 124,000 lost workdays, both record lows, and a large decrease compared to 2008 with 15 stoppages idling 72,000 workers for 1.95 million lost workdays.
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The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm payroll employment was essentially unchanged (-20,000), the Bureau of Labor Statistics reported on February 5. Employment fell in construction and in transportation and warehousing, while temporary help services and retail trade added jobs.
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Twenty-nine state legislatures are trying to use the legislative process to limit, alter, or oppose national health care reform, according to a report from the National Conference of State Legislatures (NCSL). The report noted that the two main provisions of health care reform that states are worried about are a single-payer provision and mandates that would require the purchase of insurance. In general, the NCSL found that the measures seek to make or keep health insurance optional and allow people to purchase any type of coverage they might choose.
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