Bates & Company, Inc.
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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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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Final Rules Issued on San Francisco's Health Care Security Ordinance Employer Spending Requirement
Morgan Lewis [Guidance Overview] Oct. 31, 2017
"The [Health Care Security Ordinance (HCSO)] requires employers to spend a minimum amount on health coverage ($2.83 per hour in 2018 for large employers) for their San Francisco employees who regularly work eight or more hours per week. The spending requirement rules, initially issued in 2007, were revised to address interim amendments to the HCSO and, in particular, the irrevocability requirement added to the HCSO in 2014. The irrevocability requirement was added to clarify that dollar-denominated accounts (such as HRAs) that were then being used to satisfy the employer spending requirement of the HCSO could not be forfeited."
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