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Despite initial confusion among seniors about how to select a plan and qualify for coverage under the new Medicare Part D prescription drug benefit, the program had met its goals for enrollment by the May 15 deadline, and most participants are generally satisfied with their plans, according to two recently published studies. But surveys also indicate that problems relating to cost and access persist, with some eligible seniors who regularly purchase prescription drugs failing to enroll in time to avoid penalties. New Pension Legislation Extends Tax Breaks For Retirement Saving Designed to bolster the nation's ailing pension system, comprehensive retirement plan reform approved by Congress in August also makes permanent the Roth 401(k) and higher contribution limits for IRAs and 401(k)s. In addition, the law clarifies the rules surrounding automatic enrollment of employees in 401(k) plans and the transition from defined benefit to cash balance plans. More Employers Implement Health And Productivity Management Strategies In response to growing evidence that the health of their employees affects productivity, increasing numbers of employers are adopting strategies intended to help employees stay healthy and recover from illnesses and injuries when they occur, according to a report by the Integrated Benefits Institute. |
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