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The BenefitsLink Newsletter -
Welfare Plans Edition

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May 23, 2000

Paycheckcity.com Adds New Paycheck Calculators and Features
Excerpt: "New calculators include the Hourly Calculator, the Bonus Calculator, the Tip Calculator, and the Stock Option Calculator." (InternetWire.com)

The Voluntary Fiduciary Correction Program
Excerpt: "On March 14, 2000, the Pension and Welfare Benefits Administration of the U.S. Department of Labor issued the Voluntary Fiduciary Correction program. Similar to the IRS's remedial correction programs for qualification failures, VFC will permit plan sponsors, fiduciaries and parties-in-interest to voluntarily correct thirteen specified violations of the Employee Retirement Income Security Act (ERISA)." (RIA Pension & Benefits Week)

Questions and Answers: EFAST - The ERISA Filing Acceptance System
Online booklet from DOL, revised May 2000. (U.S. Department of Labor)

Health Care Maintains Edge As Most-Desired Employee Benefit
Excerpt: "Most workers are generally satisfied with their employment based benefits and continue to rank health care as the most important of their employee benefits, according to the findings of the 2000 Value of Benefits Survey conducted by WorldatWork in collaboration with the Employee Benefit Research Institute (EBRI)." (PR Newswire)

Families USA Calls for Response to the Business Roundtable's 'Misleading Ads on Patients Rights'
Excerpt: "The Business Roundtable, which is made up of the CEOs of big businesses, is running full-page newspaper ads to thank U.S. Senators for voting 'right' in opposing a strong Patients' Bill of Rights. Right now, the ads are running in Delaware, Michigan, Minnesota, Montana, Pennsylvania, Tennessee, and Washington. We expect to see more of these kinds of ads from the HMO and managed care industry and their friends, as congressional races heat up." (Families USA)

Woman Savors Victory in Long War With HMO
Excerpt: "Four-year fight to make Kaiser Permanente accountable in mother's death led to state fine of $1 million." (Los Angeles Times)

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