Aon Survey: HR and Benefit Managers React to Massachusetts Gay Marriages.CHICAGO -- Survey Finds 33 Percent of U.S. Businesses Are Prepared to Extend Health Benefits to Same-Gender Spouses of Employees With the recent decision by the Commonwealth of Massachusetts to legally recognize gay marriage, companies throughout the US are still struggling to determine the impact to their own operations. However, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent Aon Consulting survey of human resource managers, 33 percent of respondents said that "if an employee requested that a health benefit plan recognize a same-gender spouse," their organization would honor the request. Yet, when asked the same question of qualified retirement plans, only 15 percent of companies intend to honor the same request. "When considering the impact of the same-gender marriage decision in Massachusetts, the largest factor that seems to drive behavior for employers is how these plans are treated by the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. ," notes Paul Sullivan Paul Sullivan is a name shared by several people:
1. (operating system) RTS - run-time system. 2. ) group in Newburyport, Mass. "Federally qualified retirement plans apparently do not want to run the risk of losing their 'qualified' status, and this is a distinct possibility if these plans recognize same-gender spouses in violation of the federal Defense of Marriage Act." Aon received responses from 216 companies that anonymously completed the survey during the past two weeks. Thirty percent of responding companies had 500 or fewer employees, and 14 percent were from companies with more than 10,000 employees. The biggest issue may be the question surrounding the word "spouse" - and this is where HR leaders seem to be struggling the most. Among the survey respondents, 51 percent have not reviewed their benefit plans "to determine whether the term 'spouse' could include a same-gender spouse." Complete survey results are available by visiting Aon's web page, http://www.aon.com/hrsurvey. About Aon Aon Corporation (NYSE NYSE See: New York Stock Exchange :AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is a leading provider of risk management services, insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. brokerage, human capital and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , and specialty insurance underwriting. The company employs approximately 53,000 professionals in its 600 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions. Aon Consulting is among the top global human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. consulting firms, with 2003 revenues of $1.193 billion and 7,500 professionals in 140 offices throughout the world. Aon Consulting delivers integrated consulting solutions to help clients with employee benefits, human resources outsourcing, compensation, communication and management consulting. This press release contains certain statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, resolution of regulatory issues, pension funding, ultimate paid claims may be different from actuarial estimates and actuarial estimates may change over time, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, the heightened level of potential errors and omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. |
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