New Reference Formulary Can Bring Cost Savings in Arrangements With PBMs

Do you really know how much you’re saving with your current PBM? Are you confident you’re making the best use of generics for maximum savings? Towers Perrin has a new reference formulary to analyze arrangements with PBMs. Employers using the tool have identified potential savings ranging from 10% to 20% in prescription drug costs.

SEC Intends to Stick With Same Disclosure Rules for 2008 Proxy Season

It looks like the new proxy disclosure rules for executive compensation will remain in place in 2008 without any significant changes. That’s the word from the Securities and Exchange Commission (SEC), where officials are in the process of reviewing this year’s proxy disclosures. Companies need to prepare accordingly.

Most Companies Still Lack Global Health Care Strategy

Does your organization have a global health care strategy? Most large companies that do business outside the U.S. apparently don’t, but the business case for having one has become more compelling. Your organization might be one that could benefit.

Global HR News Briefs  

Canada:

• Appeal Court Rules That Employers Can Use DB Surplus to Pay DC Plan Contributions

New Zealand:

• Government Expands Tax Incentives for KiwiSaver Plans

South Africa:

• Government Lowers Taxes to Boost Retirement Funds

United States:

• Form 5500 E-Filing Requirement Delayed
• Court Ruling in AARP Case Provides a Victory for Employers
• IRS Updates Procedures for Issuing Determination Letters
• IRS Addresses Concerns About Midyear Addition of Roth Feature to 401(k) Safe-Harbor Plans