From the July 2012 issue of CeridianVoice.

July 2012 News Briefs

Links to important news and interesting articles on topics related to human resources and employee benefits.

HHS expects $1.1 billion in MLR rebates

According to the Department of Health and Human Services (HHS), insurers will pay out approximately $1.1 billion in rebates to employers and individual plan participants in August as part of the Medical Loss Ratio (MLR) provision of health care reform. Employers who receive rebates must either distribute funds to employees or else use them toward expenses that benefit employees, such as lowering health care costs.

Retail expert John Orr explains 3 key workforce challenges for retailers

In his two-part podcast on whatsnextretail.com, Ceridian Dayforce Retail Consultant John Orr explained the three key workforce challenges that retailers face today: labor laws, the need for speed and visibility of the business.

"Retailers are under attack from many angles," Orr said. "There is scarce talent, they're in a high turnover industry, and they're being legislated left and right, whether it's gift card legislation in NJ, or California labor laws and class-action lawsuits."

NLRB finds many social media policies illegal

Even policies that simply prohibit employees from sharing nonpublic company information on social media sites could be illegal, depending on their wording, according to a recent report by the National Labor Relations Board (NLRB).

Boston College study finds that most must delay retirement to age 70

Boston College's Center for Retirement Research recently found that fewer than half of U.S. workers will be able to retire by age 65, but 86 percent will likely have the funds to retire by age 70. The study finds this may be the result of the economic downturn's impact on 401(k) and pension plans, as well as the added Social Security benefits for those who wait. Read more from the Boston Globe.