Remove Compensation System Remove Pension Remove Presentation
article thumbnail

How prepared are workers’ compensation systems for COVID-19?

Workers' Compensation Perspectives

The “Unknown” occupational disease risk in workers’ compensation When workers’ compensation systems started a century ago, the focus was “industrial accidents”. page U47] Over time, most workers’ compensation systems adapted to include coverage for occupational diseases. This limitation was noted at the time.

article thumbnail

Top Ten Priorities for Workers’ Compensation Benefit Reforms

Workers' Compensation Perspectives

In the US, the National Commission on State Workmen’s Compensation (1972) [available at [link] ] laid bare the disparity then present across US jurisdictions and established recommendations for the minimum standards of what workers’ compensation should provide.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Guide to Understanding Retirement Rewards and Benefits with Fortune 500 References

Empuls

The plans are protected by federal insurance provided through the Pension Benefit Guaranty Corporation or PBGC.    - The PBGC ensures traditional pension plans to ensure that some benefits are paid even if employers go bankrupt.  However, the contributions are invested on the employee's behalf on their account.

401(k) 40
article thumbnail

Are workers’ compensation laws keeping up with changing demographics?

Workers' Compensation Perspectives

For more than twenty years I have been speaking about demographic change to workers’ compensation insurers in the hopes of spurring policy changes in advance of an aging workforce and greater numbers of older workers in the workplace. Population projections presented in the 1990s and early 2000s told us what was coming.

article thumbnail

Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

Not all components of employer costs for a worker attract a premium but most workers’ compensation system defined which components are considered “reportable” or “assessable” payroll. but notably exclude employer contributions to Canada’s social insurance plans (Canada Pension Plan, Quebec Pension Plan, Employment Insurance).