Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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COBRA Uncertainty Complicates Administration: Subsidy Extension Likely, But Firms Face Choices
Business Insurance; free registration required Nov. 30, 2009
Excerpt: [F]or many beneficiaries, that subsidy has come to an end. The subsidy expired at the end of November for beneficiaries who have received the nine-month subsidy since it first became available, which generally was March 1. As a result, in December billing statements some employers and plan administrators have asked beneficiaries to pay the full COBRA premium, instead of 35%. 'We have already set up a 100% billing for December,' said Kathy Dupree, benefits manager at Core Laboratories Inc., a Houston-based company that provides services to petroleum companies. But some plan administrators -- especially those that send out payment booklets for COBRA beneficiaries -- say that for now they are not sending out new booklets asking beneficiaries to pay the full premium. 'It is a calculated risk,' acknowledges Linda Anderson, benefit administration consultant in Watson Wyatt's Chicago office.
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