article thumbnail

Are workers’ compensation laws keeping up with changing demographics?

Workers' Compensation Perspectives

Workers’ compensation and occupational health and safety are not keeping pace. In the US (source: US BLS Current Population Survey, quarterly, non-seasonally adjusted 2002 and 2022 extracted June 2022): The employed non-farm labour force age 65 and over has increased by 2.5 in (Q1 2002). average) and a quarter of females (25.7%

article thumbnail

DOL – New Electronic Disclosure Guidance for Pension Plans under ERISA

AssuredPartners

Critical Note for Health & Welfare Plan readers: On Page 32 of 115, the DOL states that these new methods apply to retirement plans only. And, as proposed, do not apply to employee welfare benefit plans. Links: AssuredPartners – Health & Welfare Electronic Disclosure DOL Retirement Plan Proposed Guidance

Insiders

Sign Up for our Newsletter

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

article thumbnail

Employee Relationships is a Serious Employer Responsibility

HR Digest

The focus on employee welfare started post-World War II when retirement and pension plans appeared as the biggest forms of employer care. Investment in employees can also include external considerations such as aiding them with mental health concerns, child care assistance, insurance assistance, etc.

article thumbnail

Celebrating National Bird Day in Flight of Knowledge Through Feathers and Facts

Empuls

The inaugural National Bird Day was officially established in 2002 by Born Free USA, a non-profit organization committed to wildlife conservation and animal welfare. Birds play crucial roles in maintaining the balance of ecosystems, contributing to biodiversity and overall environmental health.

article thumbnail

Are Workers’ Compensation benefits protected against the rising cost of living?

Workers' Compensation Perspectives

Over time, savings may be depleted, debts incurred, and their health and welfare diminished—furthering the burden of their original work-related injuries. Assuming just 2% CPI each year, the 1% reduction means that the purchasing power of each $100 awarded in 2002 will have grown after 10 years to $110.46 far short of the $121.90