Mississippi Business Journal » employee benefits

Study: Capital City’s pension plan one of worst in U.S.

MBJ Staff — Thu, 17 Jan 2013 16:36:38 +0000

JACKSON — Sixty-one key cities across America, including Jackson, have emerged from the Great Recession with a gap of more than $217 billion between what they had promised their workers in pensions and retiree health care and what they had saved to pay that bill, according to a report released by The Pew Charitable Trusts. The [...]

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Health insurance costs exceed $2 per hour

Wally Northway — Tue, 15 Jun 2010 11:03:43 +0000

In March 2010, the average cost for health insurance benefits was $2.08 per hour worked in private industry. Among occupational groups, employer costs for health insurance benefits ranged from 92 cents per hour for service workers, to $3.03 per hour for management, professional, and related occupations. In March 2010, among other occupational groups, employer costs [...]

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Workers oppose benefits reduction

Associated Press — Wed, 14 Apr 2010 13:54:42 +0000

BILOXI — Employees have asked the Biloxi Council to look for other ways to cut costs before they reduce employee benefits. The administration has proposed rolling back longevity pay from $15 a month per year to $6 and requiring employees to contribute $200 a month for families and $100 for singles toward their health insurance. [...]

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AT&T workers vote on striking

Associated Press — Thu, 08 Apr 2010 14:46:12 +0000

SOUTH MISSISSIPPI — Union workers at AT&T Mobility in South Mississippi have voted on whether to strike as part of an effort to get an in increase wages and benefits. Eric Cox, treasurer for the Communications Workers of America Local 3519, said the company’s 400 employees are in contract negotiations. The workers, who handle customer [...]

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UAW suing GM over retirement benefits

Associated Press — Wed, 07 Apr 2010 11:58:52 +0000

DETROIT — The United Auto Workers union has sued General Motors Corp., saying the automaker owes it $450 million for retiree health care. In the lawsuit filed yesterday in federal court in Detroit, the UAW said that in 2007, GM agreed to pay $450 million to settle a UAW claim against auto supplier Delphi Corp. [...]

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Average compensation costs exceed $27 per hour

Wally Northway — Fri, 12 Mar 2010 15:04:20 +0000

Private industry employers spent an average of $27.42 per hour worked for total employee compensation in Dec. 2009, the U.S. Bureau of Labor Statistics reports. Wages and salaries averaged $19.41 per hour worked and accounted for 70.8 percent of these costs, while benefits averaged $8.00 and accounted for the remaining 29.2 percent. Total compensation costs [...]

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Employer cost survey released

Wally Northway — Mon, 14 Sep 2009 10:54:14 +0000

Employers spent an average of $1.29 for employee retirement and savings plans for every hour worked in June 2009, the Bureau of Labor Statistics reports. This accounted for 4.4 percent of total compensation. Total compensation (wages and salaries and benefits) for civilian workers averaged $29.31 per hour worked in June 2009. Wages and salaries, which [...]

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Pratt earns CBP designation

MBJ Newswires — Mon, 17 Aug 2009 20:03:13 +0000

Charlotte Pratt, benefit services coordinator for North Mississippi Health Services, has earned the Certified Benefits Professional (CBP) designation from WorldatWork Society of Certified Professionals. With 10 years of benefits experience, Pratt is responsible for coordinating employee benefit programs for employees, including plan compliance, education and enrollment. A member of the local chapter of Northeast Mississippi [...]

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