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Worcester city workers targeted in insurance benefits scam

October 12, 2020

Updated

2:49 pm EDT, Monday, October 12, 2020

WORCESTER, Mass. (AP) — More than 550 employees of Worcester have been targeted in a nationwide unemployment insurance benefits scam, city officials say.

The scam involves identity thieves using the victims’ personal information to file claims for unemployment benefits.

The city received about 40 fraudulent claims from March to mid-August, Dori Vecchio, the city’s human resources director told The Telegram & Gazette. Since then, more than 500 have come in, she said.

Employees in every department have been targeted. About 100 people who work for the Fire Department and another 100 who work for the schools have been affected. The city employs about 6,800.

“Several high-ranking officials and elected officials in the city have been compromised,” Vecchio said.

Schools Superintendent Maureen Binienda said she has been targeted three times.

Security experts say much of the fraud appears to be committed by scammers

Don’t overlook these employee benefits that can help you save money

October 12, 2020

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It’s that time of year again — open enrollment season is approaching, giving many Americans an opportunity to sit down and go over their employer-sponsored workplace benefits for next year.

a person sitting at a table using a laptop

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This year, amid the coronavirus pandemic, more than 70% of employees plan to spend more time reviewing voluntary benefit options offered by their employer, according to a September survey by Voya Financial.

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While most employees are generally familiar with their employer-sponsored health insurance and retirement plans, they may be overlooking other benefits that could help them save money or better protect against an event such as an accident or illness.

“You want to see if there’s anything else out there that you could be taking advantage of to improve your your health, or your financial health or both,” said Kim Buckey, vice president of client services at benefits consultant DirectPath. “We don’t want to

Tax records show 200 entities funneled money to Trump properties while reaping benefits from White House: NYT

October 11, 2020

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A New York Times analysis of tax records showed that more than 200 companies, special-interest groups and foreign governments have funneled millions of dollars to President TrumpDonald John TrumpNorth Korea unveils large intercontinental ballistic missile at military parade Trump no longer considered a risk to transmit COVID-19, doctor says New ad from Trump campaign features Fauci MORE’s properties while reaping benefits from the president and his administration.

Nearly a nearly a quarter of the entities have not been previously reported.

Sixty patrons, who promoted specific interests to the Trump administration, spent almost $12 million on expenses associated with the Trump Organization during the first two years of Trump’s presidency. The Times reported nearly all of these customers saw their interests move forward.

In interviews with almost 250 business executives, club members, lobbyists, Trump property employees and current administration officials, sources detailed to Times how Trump conducted business and

Could Your Unemployment Benefits Run Out Before New Stimulus Aid Is Passed?

October 9, 2020

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For the millions of Americans who’ve lost work during the pandemic, finding another job can be a challenge. Of those who are collecting unemployment benefits, the average time out of work is now over five months. Almost one in five has been unemployed for six months or more.

For many, unemployment benefits have been critical to their ability to cover the rent and other bills. Congress helped in the spring by passing the CARES Act, which provided $600 weekly supplemental benefits through July, additional federal benefits for contract and self-employed workers, and extended benefits for those who exhaust their state’s regular benefits. An executive action in August also allowed some unemployed Americans to collect as much as $1,800 more, depending on their state.

But if Congress doesn’t pass more stimulus aid this fall, it’s possible benefits may run out for millions before they find a new job. If you’re among

Union, Cerrejon deadlocked over benefits, ‘death shift’ as strike rolls on

October 9, 2020

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By Julia Symmes Cobb

BOGOTA, Oct 9 (Reuters) – Proposed changes in benefits, a new schedule referred to as the ‘death shift,’ and job losses are the sticking points in talks to end a more than five-week-long strike at Colombian coal mine Cerrejon, the company and its largest union say.

The two sides this week held individual talks with the labor ministry, the first phase in a plan proposed by the government to break the impasse as the stoppage approaches its fortieth day.

The company, owned equally by BHP Group BHP.AX, Anglo American AAL.L and Glencore GLEN.L, has denied mass job cuts and benefit eliminations. The prospective shift change is key to keeping Cerrejon competitive amid its lowest export figures in 18 years and prices equivalent to 2004 levels, it added.

Cerrejon also insists the shift change – a move from a previous schedule where workers had

Another 840,000 Americans filed for unemployment benefits last week as layoffs remain elevated

October 8, 2020

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Yardeni Research President Edward Yardeni and Cornerstone Macro Co-Founder Nancy Lazar discuss the September jobs report.

The number of Americans applying for state unemployment benefits remained historically high last week, indicating the pace of layoffs is still elevated even as the economy slowly recovers from the coronavirus pandemic.

The latest jobless claims figures from the Labor Department, which cover the week ending Oct. 2, show that 840,000 workers sought aid last week, about four-times the pre-crisis level. More than 63 million Americans have sought jobless aid since the coronavirus lockdowns began in mid-March.

Economists surveyed by Refinitiv expected 820,000 new claims. Last week’s figure was revised upward by 12,000 to 849,000.

The number of people who are continuing to receive unemployment benefits fell to 10.97 million, a decline of more than 1 million from the previous week.

NEARLY HALF OF AMERICANS WHO LOST JOB TO PANDEMIC CAN’T LAST A MONTH

Unemployment benefits may pay just $5 a week without stimulus deal

October 7, 2020

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U.S. President Donald Trump walks to Marine One on the South Lawn of the White House on October 1, 2020 in Washington, DC.

Drew Angerer | Getty Images

It appears unemployed workers won’t get another boost in their weekly benefits any time soon, after President Donald Trump pulled officials out of negotiations on a fifth round of coronavirus relief Tuesday.

The move abruptly dashed hopes of a deal on items such as enhanced unemployment benefits after weeks of talks between the White House and top congressional Democrats seemed to be bearing some fruit.

Absent more aid, jobless Americans will be living off their current allotment of benefits from the state or federal government. In some cases, that amounts to just $5 a week.

Even that money will disappear by the end of the year for millions of workers without more legislation — leaving them with no income if they’re unable

Man convicted of slaying parents for life insurance benefits

October 5, 2020

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KNOXVILLE, Tenn. (AP) — A Tennessee man will likely spend the rest of his life in prison after being convicted of killing his parents over Thanksgiving weekend in 2016 and disposing of their bodies.

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Joel Guy Jr., 32, was found guilty Friday in Knox County of two counts of premeditated first-degree murder, three counts of felony murder and two counts of abuse of a corpse, news outlets reported.

Prosecutors alleged he fatally stabbed his parents, Joel Guy Sr., 61, and Lisa Guy, 55, and dismembered their bodies in a plot to cash in on $500,000 in life insurance benefits after learning they were planning to retire and no longer pay his bills.

Joel Guy Jr. had never held a job and had been taking college courses for a decade at Louisiana State University, The Knoxville News Sentinel said.

He was found to have taken money from his parents’

Michigan extends jobless benefits period to a total of 59 weeks

October 1, 2020

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Many Michigan residents who have been out of work during the pandemic and filing for unemployment benefits are now eligible for an additional 20 weeks of benefits, the state said Thursday.

The Federal Extended Benefits (EB) program kicks in when a state’s jobless rate averages more than 8% for three consecutive months, bringing the total benefits period to 59 weeks for those impacted by COVID-19.

Once a claimant has exhausted their regular 26 weeks of benefits and the additional 13 weeks of federal Pandemic Emergency Unemployment Compensation (PEUC) benefits, the 20 weeks will automatically kick in, according to a news release.

It is unclear whether filers for Pandemic Unemployment Assistance (PUA), self-employed workers and independent contractors who would usually not qualify for state benefits, are eligible for the extended benefit weeks.

More: Revolver, a trailblazing Hamtramck communal dining space, won’t reopen

“The Extended Benefit program will provide a much-needed

U.S. Personal Income Tumbles Amid Expiration Of Federal Unemployment Benefits

October 1, 2020

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(RTTNews) – Reflecting a decrease in unemployment insurance benefits, the Commerce Department released a report on Thursday showing a steep drop in U.S. personal income in the month of August.

The report said personal income tumbled by 2.7 percent in August after rising by an upwardly revised 0.5 percent in July.

Economists had expected personal income to slump by 2.5 percent compared to the 0.4 percent increase originally reported for the previous month.

Disposable personal income, or personal income less personal current taxes, also plunged by 3.2 percent in August after inching up by 0.3 percent in July.

The Commerce Department said the sharp pullback in personal income partly reflected the expiration of the Federal Pandemic Unemployment Compensation program, which provided a temporary weekly supplemental payment of $600 for those receiving unemployment benefits.

The decrease in unemployment insurance benefits was partly offset by an increase in compensation, with temporary and

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