Tag Archives: employee benefits

Healthcare flexible spending accounts are an employee benefit by which workers can set aside a certain amount of their salary, pre-tax, to use for healthcare costs. Some 33 million American workers currently take advantage of FSAs to save on their income tax bills. Contributions an employee makes to an FSA are deducted from the employee’s salary before federal, state or social security taxes are calculated. By using an FSA, you decrease your taxable income and increase your spendable income.   …

Video: Retirees Can Now Get Damages When Cheated Out of Benefits You’ve worked hard for your employer for years, expecting the company’s pension plan to give you financial security when you retired. Think again. Many companies are now reneging on the promises made to employees and cheating them out of their hard-earned benefits. But you may have legal recourse. Find Out More…   Workers Serve NYC Pizzeria With Class Action Suit More than 100 current and former employees of a …

  You’ve worked hard for your employer for years and built up your nest egg by paying into your company’s 401(k) plan, believing this would give you financial security when you retired. Think again. Many companies, using the recession as an excuse, are now reneging on the promises made to employees and cheating them out of their hard-earned benefits.         Mobile users click here to view the video.         Lawyers.com Editor-in-Chief Larry Bodine interviews …

In the midst of bankruptcy proceedings, American Airlines has asked a judge to allow it to stop paying retiree health insurance and life insurance benefits. Airline hopes to save over $1.3 billion annually in benefits for 40,000 retirees Fate of retiree benefits could depend on what is spelled out in the plan agreement Bankruptcy may or may not lead to merger with US Airways   Loss of Billions American, currently the nation’s third-largest airline, has been in bankruptcy proceedings since …