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According to recent statistics, there are now more than 44 million unique borrowers who collectively owe $1.6 trillion in student loan debt—making student loans the second largest consumer debt category after mortgages. Those are staggering numbers.

For the considerable Millennials and massive Gen Z workforce to follow, student loan debt is a primary economic concern, often before mortgages and retirement savings can even be considered. Smart businesses have taken notice in a growing trend toward creating student loan repayment assistance programs as a necessary company benefit to attract and retain younger talent.  

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In 2018, Massachusetts signed into law a statute that provides paid family and medical leave (PFML) benefits to workers. Massachusetts becomes only the sixth state, along with the District of Columbia, to require paid leave. The state has yet to … Continue reading

Paula Drozdal Connors, Senior Vice President at the Hilb Group of New England, part of the Sapers & Wallack organization, answers questions about our May blog, “The New Paid Family Medical Leave Law in Massachusetts”Share this postFacebook0TwitterLinkedinPinterest0

Tom Connors, Managing Director of Group Benefits for the Hilb Group – part of the Sapers & Wallack organization – answers 3 questions about our January blog, “Financial Incentive Guidelines for Wellness Programs”. Listen to our podcast here: Share this postFacebook0TwitterLinkedinPinterest0

It has been a while since a new employee benefit has made such a splash in such a short time. More and more employers are looking at adding a student loan repayment program to their employee benefits. Two very large … Continue reading

The Boston Business Journal recently announced 23 finalists for its fifth-annual Healthiest Employers program, which will be held March 12 at the Westin Waterfront in Boston. Employee wellness has become an important facet of overall corporate culture, and should not … Continue reading

The Cadillac Tax has been Delayed Until 2020 – What is the Next Step for Employers? Congress passed and President Obama signed a $1.1 trillion spending bill on December 11, 2015. An important part of that legislation for the employer … Continue reading

The Internal Revenue Service (IRS) has released drafts of the forms that employers will use to report on the health coverage that they offer to their employees in 2015. This reporting is required as part of the Affordable Care Act … Continue reading

Many employers turn to a Professional Employer Organization (PEO) to purchase their group insurance benefits. The belief is that the buying power of many employers will be greater than that of a single employer. While there are some economies of … Continue reading

The general concept of a defined contribution health plan is that an employer gives each employee a fixed dollar amount (a “defined contribution”) that the employees can then choose how to spend towards benefits.Share this postFacebook0TwitterLinkedinPinterest0