Colorado Department of Labor and Employment

State Insurance Regulators Work to Protect Consumers Who Buy Annuities; NAIC Releases Statement on DOL Fiduciary Rule Proposal

Retrieved on:

Wednesday, November 1, 2023

Insurance, Sale, Security (finance), White House, Congress, Multimedia, NAIC, White, Colorado Department of Labor and Employment, Working Group, Financial adviser

Congress in 1945 gave the states the responsibility to regulate all insurance transactions, which include annuities.

Key Points:

Congress in 1945 gave the states the responsibility to regulate all insurance transactions, which include annuities.
Since 2003, state insurance regulators have overseen the sale of annuities to ensure products sold to consumers are suitable for them, based on a review of their needs.
The Suitability in Annuity Transactions Model Regulation (#275) serves as a basis for this regulatory framework.
The states' best interest requirement that a recommendation address a consumer's retirement objectives already recognizes the heightened expectations for 401(k) retirement funds.

Findhelp Partners with State of Colorado to Fight Spread of Infectious Diseases

Retrieved on:

Wednesday, October 18, 2023

Infection, Korea Disease Control and Prevention Agency, Public health, Viral hepatitis, Colorado Department of Labor and Employment, HIV, Colorado Department of Public Health and Environment, Environment, Hepatitis A, Drug, Privacy, Diagnosis, Vaccine

Coloradans trust findhelp to connect them with the social care services they need.

Key Points:

Coloradans trust findhelp to connect them with the social care services they need.
Nearly 560,000 users in the state have conducted 1.74 million searches on the findhelp platform.
"We are immensely grateful to CDPHE for allowing us to help with this crucial need," said Erine Gray, founder and CEO of findhelp.
In 2020, the state suffered an historic high of 1,477 fatal overdoses; in 2022, that number rose to 1,799.

Dr. Patrick Fox Named President of Amerigroup New Jersey

Retrieved on:

Thursday, September 7, 2023

Amerigroup New Jersey, a wholly owned subsidiary of Elevance Health and one of New Jersey’s largest coordinators of Medicaid managed care benefits, announced today that Patrick K. Fox, M.D., a New Jersey native, has been named president of the health plan.

Key Points:

Amerigroup New Jersey, a wholly owned subsidiary of Elevance Health and one of New Jersey’s largest coordinators of Medicaid managed care benefits, announced today that Patrick K. Fox, M.D., a New Jersey native, has been named president of the health plan.
He will also lead efforts to strengthen relationships in the community with state leaders, providers, and other key stakeholders.
Most recently, Dr. Fox served as Elevance Health’s Medicaid plan president in Colorado, where he was responsible for Medicaid growth strategies and development with a focus on health plan retention and operations.
Dr. Fox succeeds Teresa Hursey, who recently was named president of Amerigroup Iowa.

Sagitec Appoints Grey Parks as the New Leader For The Workforce Practice

Retrieved on:

Thursday, September 7, 2023

Workforce, Pressure, Employment, COVID-19, COVID, State Employment Service (Azerbaijan), Assistant, Colorado Department of Labor and Employment, Labour, Management, Nursing

ST. PAUL, Minn., Sept. 7, 2023 /PRNewswire-PRWeb/ -- The COVID-19 pandemic put tremendous pressure on the American labor market, and 3 million fewer Americans are working today compared to February of 2020.

Key Points:

Sagitec Solutions is excited to welcome Grey Parks as the new leader of the Workforce practice, under the Labor and Employment business unit.
"We proudly serve numerous Labor and Employment agencies in the United States, and we will continue to develop and expand upon our current offerings."
Neil Adcox, Executive Director at Sagitec, is excited to expand into the workforce industry, a plan coming to fruition after multiple discussions and the COVID pandemic.
"We are thrilled to have Grey Parks lead our Workforce practice and help us achieve our goals in this space, ensuring universal access to career opportunities for all citizens," said Neil.

Collaborative Partnership Issues $6 Million to 16 Community-based Organizations

Retrieved on:

Thursday, June 1, 2023

Education, Human services, Office of Refugee Resettlement, Organization, Work, CRSP, Mental, Colorado Department of Labor and Employment, Refugee, Muslim Youth, Health, Mental health, ORR, Drug, Nursing

DENVER, June 1, 2023 /PRNewswire/ -- The Refugee Integration Fund recently awarded $6 million in grants in support of 16 organizations providing programs that address the needs of Afghan evacuees and other Office of Refugee Resettlement (ORR)-eligible populations – commonly called refugees – residing in Colorado.

Key Points:

CRSP received the funding from the federal Office of Refugee Resettlement to support the resettlement and integration of Afghans and other refugees in Colorado.
These individuals fled their homes under fear of persecution, and many refugees have spent years or even decades in unstable conditions.
Grantmaking is supporting school districts that are welcoming newly arrived Afghan students, promoting successful community integration for children and families.
More than $2 million was awarded to school districts with the highest number of Afghan arrivals.

Parachute Group expands economic empowerment efforts with new apprenticeship training program to develop tech project coordinators

Retrieved on:

Tuesday, May 9, 2023

Workforce, U.S. Department of Defense Strategy for Operating in Cyberspace, Education, American Institutes for Research, Colorado Department of Labor and Employment, Commando Parachute Group, Research, USDOL, U.S. Department of Labor, Office of Inspector General, AIR, United Nations Guidelines for Consumer Protection, Occupation, Health, CompTIA, Management, Nursing, Construction, Labour

DENVER, May 9, 2023 /PRNewswire/ -- Parachute Group, a Denver-based, veteran-owned company that provides custom technology driven processes, training and services to small and medium businesses, is expanding its apprenticeship-based learning program to include career training for tech project coordinators.

Key Points:

"We are thrilled to announce that Parachute Group has received approval from Apprenticeship Colorado at the Colorado Department of Labor and Employment to operate a registered apprenticeship program.
"With employers in Colorado and across the country looking for this expertise, Parachute Group's tech project coordinator apprenticeship program arrives at an opportune time."
The training delivered by Parachute Group to prepare aspiring tech project coordinators follows National Guideline Standards for the job role developed by CompTIA and approved by the U.S. Department of Labor (USDOL).
"Parachute Group has a holistic approach to its apprenticeship training, providing and connecting apprentices to services that will help them succeed," Rodriguez said.

Five Colorado Families Recognized in Celebration of National Foster Care Month

Retrieved on:

Monday, May 8, 2023

DENVER, May 8, 2023 /PRNewswire/ -- To mark National Foster Care Month and encourage more Coloradans to become foster parents, the Colorado Department of Human Services (CDHS) recognized five foster families during a luncheon at the Denver Museum of Nature and Science on Saturday, May 6.

Key Points:

DENVER, May 8, 2023 /PRNewswire/ -- To mark National Foster Care Month and encourage more Coloradans to become foster parents, the Colorado Department of Human Services (CDHS) recognized five foster families during a luncheon at the Denver Museum of Nature and Science on Saturday, May 6.
Today in Colorado, there are 3,637 children and youth living with Colorado's 2,147 certified kinship and foster families.
Every community in Colorado needs more foster families as the state continues to implement the Family First Prevention Services Act (Family First).
The five families being recognized by the State of Colorado for National Foster Care Month are:
After Yvette served as a Court Appointed Advocate (CASA), she and Matthew decided they were ready to do even more to help kids in Colorado and became certified foster parents in Weld County.

EASTERSEALS RELEASES NEW REPORT: STATE OF DISABILITY EQUITY AND ACCESS

Retrieved on:

Wednesday, April 26, 2023

WASHINGTON, April 26, 2023 /PRNewswire/ -- Easterseals today released findings of a new report, State of Disability Equity and Access, that examines current research on equity, inclusion, and access for the 61+ million individuals in the United States with disabilities in key social determinants of health including employment, transportation, healthcare, and education.

Key Points:

Kendra E. Davenport, president and CEO, Easterseals, said, "This report serves as a benchmark to measure future progress in achieving civil rights for the disability community.
Employment: Bolster public and private sector commitments to provide disability employment opportunities and to fully embrace Diversity, Equity, Inclusion and Access initiatives.
"No conversation about disability equity and access is complete without addressing stigma."
"We are honored to collaborate with Easterseals and the disability community on this comprehensive report to advance innovative approaches and achieve disability equity in education, employment, healthcare, transportation and more," said Katherine Perez, executive director, The Coehlo Center for Disability Law, Policy and Innovation.

Morningstar's Target-Date Strategy Landscape Report Finds Investors Stayed the Course Despite Market Volatility in 2022

Retrieved on:

Tuesday, March 28, 2023

CIT, Vanguard, Morningstar, Inc., Colorado Department of Labor and Employment, Research, Consultant, Morning Star, Report, Investment, Morningstar Analyst Rating, ESG, Retirement, Cryptocurrency, Financial adviser, Renewable energy, CITS-DT

"Despite last year's market turbulence, target-date strategies saw considerable inflows, especially into collective investment trusts," said Megan Pacholok, senior manager research analyst at Morningstar.

Key Points:

"Despite last year's market turbulence, target-date strategies saw considerable inflows, especially into collective investment trusts," said Megan Pacholok, senior manager research analyst at Morningstar.
"To see target-date investors largely stay the course through the down market is a sign that these strategies are being used as intended—as long-term investments."
The Target-Date Strategy Landscape Report is available here .
Key findings from the report include:
Total target-date assets fell to $2.82 trillion in 2022 from its record high of $3.27 trillion in 2021.

Massumi + Consoli Now Offers Complete Team of In-House Specialists to Provide Clients with Full-Service Transactional Support

Retrieved on:

Wednesday, February 15, 2023

LOS ANGELES, Feb. 15, 2023 /PRNewswire/ -- Massumi + Consoli LLP, a boutique private equity-focused transactional law firm with offices in Los Angeles, San Francisco and New York, now offers a full-service transactional practice in-house, with premier practitioners in the core specialty areas of tax, intellectual property, data privacy and cybersecurity, executive compensation and employee benefits, labor and employment and environmental and health and safety matters, integrated with its strong group of M&A, growth equity and debt finance attorneys.

Key Points:

Matthew Shiels (Executive Compensation and Employee Benefits) – Matt Shiels advises clients on employment agreements and incentive arrangements, as well as related tax and benefits matters.
Matt was formerly in the Executive Compensation and Employee Benefits practice group of Kirkland & Ellis LLP in New York.
Ami was formerly in the Employment Litigation practice group of Weil, Gotshal & Manges LLP in New York.
Adeeb was formerly in the Environmental practice group of Simpson Thacher & Bartlett LLP in New York.