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BNET Business Dictionary
- Benefit
- something that improves the profitability or efficiency of an organization or reduces its risk, or any nonmonetary reward given to employees, for example, paid vacations or employer contributions to pensions
- Benefit definition on BNET »
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- News Briefs; US Airways pilots appeal judge's ruling on termination of their pension fund.(Other news briefs are discussed)
- ALEXANDRIA, Va. - US Airways Group pilots on March 11 appealed a judge's decision permitting the bankrupt airline to close its underfunded pilots pension plan. On March 1, Judge Stephen Mitchell of U.S. Bankruptcy Court in Alexandria, Va., permitt ALEXANDRIA, Va. - US...
- Research articles 2003-03-17
- Sabbatical programs becoming valuable way to retain employees.
- Letting employees go for a while can be a great way to keep them. While the number of companies that offer sabbaticals remains low, those that do offer time away from work are finding that employees return from such leave with a deeper commitment t...
- Research articles 2001-06-25
- COURT FALLOUT: Future of cash balance plans in question; All hybrids imperiled if IBM age discrimination ruling is upheld.(News)
- Byline: Fred Williams Most cash balance plans would be illegal if a federal judge's opinion that IBM Corp.'s plan violates federal age discrimination laws is upheld and becomes the accepted legal standard. On July 31, U.S. District Judge G. Patr Byline:...
- Research articles 2003-08-18
- Products & Services.(Travelers Bond's new personal directors and officers' policy; CIGNA and Mellon units to offer retirement plans; Watson Wyatt & Co's real-time compensation/benefits statements online; and other industry briefs)(Briefs)
- Travelers unit offers personal D&O cover HARTFORD, Conn.-A new policy from Travelers Bond, a division of Travelers Property Casualty Corp., offers personal asset coverage for directors and officers. The coverage, called Broad Form PLUS+, pay Travelers unit offers personal D&O cover...
- Research articles 2002-12-23
- Benefit consultant mergers fueling hefty revenue growth.
- Firms see strong demand for outsourcing, benefit consulting [TABULAR DATA OMITTED] For many employee benefit, consulting firms, 1997 will be marked as a year of soul-searching and change. Several consultants lost their independence, either because oFirms see strong demand for outsourcing, benefit consulting ...
- Research articles 1997-12-08
- PC benefit enhances skills, communication.(personal computers for employees at home)(Statistical Data Included)
- As employers begin offering employees at-home computer equipment and services to increase their computer literacy, benefit managers are expected to take full advantage of this trend to enhance benefit communication efforts. Some large employers ha As employers begin offering employees at-home computer equipment...
- Research articles 2000-02-28
- Washington: Profitable plans would pay price for Bush PBGC bailout; Researchers at Watson Wyatt say the administration's proposal could doom healthy defined benefit funds.(News)
- Byline: Vineeta Anand WASHINGTON - The Bush administration's proposal to encourage employers to fully fund their pension plans and shore up the PBGC seems likely to backfire. The administration's goal was to ensure that companies set aside enou Byline: Vineeta...
- Research articles 2005-04-04
Additional Resources
- Watson Wyatt plans an IPO ;A first among benefit advisers.(Brief Article)
- BETHESDA, Md. -- Benefit and actuarial consultant Watson Wyatt & Co. plans an initial public stock offering for early next year, the first ever launched by a major benefit consultant. In a brief statement, the Bethesda, Md.-based consultant said its board of directors has...
- Research articles 1999-11-29
- People on the move: Watson Wyatt meets DC demand with hire of Sard.
- Watson Wyatt has appointed Richard Sard as a senior consultant to its defined contribution DC administration business. Sard joined Watson Wyatt from third-party administrator MNPA, where he was a senior client manager looking after a portfolio of defined benefit DB and DC schemes. Prior...
- Research articles 2006-02-20
- KATHRYN YATES.(Spotlight: Women to Watch)(Watson Wyatt Worldwide)(Interview)(Brief article)
- Communication Global Practice Director Watson Wyatt Worldwide Chicago Kathryn Yates has been helping organizations manage change, effectively communicate with employees on benefit issues and increase overall employee engagement. Ms. Yates foc Communication Global Practice Director ...
- Research articles 2007-07-30
- Wyatt drops outsourcing venture. (Watson Wyatt and Co.)
- BETHESDA, Md. - Roiled by steep financial losses and little likelihood of a turnaround anytime soon, Watson Wyatt & Co. is pulling out of Wellspring Resources L.L.C., the joint total benefit outsourcing venture it launched in 1996 with State Street Global Advisors. In filings with...
- Research articles 1998-03-02
- Watson Wyatt warns funds against overcentralising.
- Byline: Alistair Graham Companies are in danger of overcentralising the management of their pension funds and should adopt a more flexible approach, according to Watson Wyatt Worldwide, the global investment consultancy.In a recent survey the consultancy found an increasing trend among multinationals to ...
- Research articles 2002-10-01
- Watson Wyatt and Gabriel, Roeder, Smith & Company Announce Alliance Agreement
- Business Editors WASHINGTON and SOUTHFIELD, Mich.--BUSINESS WIRE--Aug. 16, 2001 Watson Wyatt & Company (NYSE:WW), a leading human capital consulting firm, and Gabriel, Roeder, Smith & Company GRS, an actuarial and benefits consulting firm that specializes in public sector employee benefit programs, today announced that GRS is acquiring Watson...
- Research articles 2001-08-16
- Watson Wyatt Submission on Employee Benefit Plans and the Insurance Act: A New Approach
- Watson Wyatt believes that the recently-enacted Regulations to Alberta's Insurance Act, 1999 the Act, which require that plan sponsors must either independently insure their benefit plans or offer them through a joint employer-employee association do not meet the government's aim of providing employees, particularly those in receipt of Long-Term Disability...
- White papers 2002-10-18
- Watson Wyatt Worldwide Announces Authorization to Repurchase Shares
- ARLINGTON, Va. -- Watson Wyatt Worldwide, Inc. (NYSE, NASDAQ: WW) announced that its board of directors has approved the purchase of up to $100 million of the Company's class A common stock. This stock repurchase is in addition to the ongoing stock repurchase program initiated by the Company to offset...
- Research articles 2008-02-11
- Watson Wyatt expands in Stockholm office.
- Byline: Pirkko Juntunen Watson Wyatt Worldwide, the global human capital, benefits and investment consultant, with 22 associates in Stockholm, is boosting its presence in the Nordic region. The firm is in the process of hiring more senior consultants for its Stockholm office, which services...
- Research articles 2002-06-09
- Watson Wyatt expands in Stockholm office.
- Byline: Pirkko Juntunen Watson Wyatt Worldwide, the global human capital, benefits and investment consultant, with 22 associates in Stockholm, is boosting its presence in the Nordic region.The firm is in the process of hiring more senior consultants for its Stockholm office, which services all...
- Research articles 2002-06-12
- Watson Wyatt reports many companies deciding against pay rises.
- MEXICO CITY, Jan 27, 2003 (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The scarce or non-existent benefit of wage increases for workers and companies is beginning to give companies the idea of not giving any raises this year and instead look for other...
- Research articles 2003-01-28
- Brazil: Watson Wyatt increases activities in with pension funds.
- Brazil, Nov 13, 2001 The Watson Wyatt consulting firm is increasing its activities in the area of private pension and benefit funds with its merger with Atual Assessoria e Consultoria Atuarial company, which specializes in the area. The focus of the company will be...
- Research articles 2001-11-14
- Diversification is key: Defined benefit plans outperform 401(k)s in a down market.(News)
- Byline: Christine Williamson WASHINGTON - Defined benefit plan returns tend to be better than those of 401k plans during bad market years that follow periods of hot stock market returns, according to new analysis by Watson Wyatt Worldwide. Researchers at the...
- Research articles 2004-11-29
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