Military & Veterans News

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Military & Veterans News

Vet News: Auto Industry Announces 'Hire The Heroes' Program

To combat a looming shortage of qualified auto repair technicians, a leading automotive industry group is joining forces with the U.S. military to match qualified recent military Veterans with available jobs. The new initiative, known as Hire the Heroes, will provide links between thousands of auto dealers and military outplacement agencies to make career paths in auto retailing available to Veterans making the transition to civilian life.
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Military & Veterans News

Vet News: Survey Finds Increasing Health Costs for Retirees and Continued Erosion of Benefits

WASHINGTON, Jan. 14 /PRNewswire/ -- In a new survey of some of the largest U.S. employers -- conducted prior to passage of the new Medicare prescription drug legislation -- 10% say they eliminated subsidized health benefits for future retirees in the past year, while 20% say they are likely to terminate retiree health coverage for future retirees in the next three years. These changes primarily affect new hires, rather than current retirees. The study also finds that 71% of surveyed firms increased retiree contributions to premiums in the past year, and 86% plan to increase such contributions within the next three years. The survey of large, private-sector employers was conducted and analyzed by the Kaiser Family Foundation and Hewitt Associates."Based on current trends, we can expect that fewer retirees will have health coverage in the future and those who do will be paying more for their health care," said Drew Altman, Ph.D., president and CEO of the Kaiser Family Foundation.
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Military & Veterans News

Vet News: U.S. Department of Veterans Affairs Chooses PNC Bank to Automate Insurance Payment Processes for Veterans' Health Care

PNC Bank, a member of The PNC Financial Services Group, Inc. (NYSE: PNC), is working with two federal agencies to automate the processing of health care insurance claim payments and associated data for Veterans receiving treatment for non-service- connected conditions in more than 1,100 Veterans’ medical facilities nationwide. PNC Bank has entered into an agreement with the U.S. Department of Veterans Affairs (VA) and the U.S. Department of Treasury’s Financial Management Service to automate this process.

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