Smr

[alexa]

We are majorly redesigning our group health plan

It is my understanding under an interim DOl reg that a summary of material reduction must be given 60 days after changes adopted

What is adoption date? Effective date of change?

We are working with several CBA's (i.e. collective bargaining units) to negotiate these changes. Would date union ratified chnages be the adoption date?

In a retirement plan it is much easier, adoption date is date plan amendment signed

Any input would be appreciated

Thanks

[mroberts]

My take is that it would mean 60 days from the effective date of change. For example, if your negotiations with the union ended today and you agreed to make changes to your health plan for 1/1/2003, then you would need to provide this info to your employees by 3/2/2003, not two months from today.