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Last week, BlackRock dropped out of the United Nations-backed climate change investing initiative, which was followed by NZAM suspending its activities on Monday because of “recent developments … in investors’ respective jurisdictions,” according to its website.

The Department of Labor will not take action, under ERISA, against plan fiduciaries that transfer entire benefit payments owed to missing participants of $1,000 or less if certain conditions are met.

The new withdrawal is the second preventive benefits-related withdrawal announced in less than a month.

Margin expansion at Express Scripts, Caremark and Optum Rx increased by $336 million between 2017 and 2021, officials say.

The Big Tech giants join a growing list of employers, including Walmart and McDonald’s, that are re-evaluating their diversity, equity and inclusion policies and initiatives, while Costco and Apple are doubling down on their DEI initiatives.

The ERISA Industry Committee battle against crazy quilt benefits rules now involves skirmishes in Tennessee and Maryland.

On Monday, President Biden cancelled student loan debt for borrowers who attended schools that defrauded students, those with permanent disabilities and public service workers, bringing his total cancellation to $183 billion.

Meeting employees’ diverse mental health needs increases retention and engagement and reduces long-term health care costs—but these benefits take time to realize.