The minimum wage in Pennsylvania is $7.25, equal to the federal minimum wage. In Philadelphia, where the cost of living is nearly 20% higher than the national average, that hourly minimum has a purchasing power of just $6.12. That's the lowest of any city in our study and its equal to an annual income of about $12,730.
Explanation of benefits. An explanation of benefits (commonly referred to as an EOB form) is a statement sent by a health insurance company to covered individuals explaining what medical treatments and/or services were paid for on their behalf. The EOB is commonly attached to a check or statement of electronic payment.
DEFINITION of 'Employee Benefits Security Administration - EBSA'. A division of the Department of Labor (DOL) charged with enforcing the rules governing the conduct of plan managers, the investment of plan assets, the reporting and disclosure of plan information, the fiduciary provisions of the law, and workers' benefit rights. BREAKING DOWN 'Employee Benefits Security Administration - EBSA'. This is one of the divisions of the U.S. government that acts as a watchdog against the inappropriate activities of pension managers.