| The BenefitsLink Newsletter - Welfare Plans Edition |  |
March 30, 2001
Today's sponsor: EmployeeBenefitsJobs.com (click)
Fill your employee benefits job openings fast by advertising on BenefitsLink-- we're one of the 50 best recruiting sites on the whole Internet (says CareerXRoads)! BenefitsLink is "one of the Web's best sites" (says Forbes magazine).
Empire Blue Cross Blue Shield Sues Tobacco Industry For $800 Million
Excerpt: "New York State's largest health insurer, Empire Blue Cross Blue Shield, is doing battle against the tobacco industry. The company is suing major cigarette manufacturers for $800 million in damages, in a lawsuit that went to trial on March 26, 2001, in federal court in New York City." (insure.com)
California Firms Weigh Paying Workers to Purchase Health Coverage
Excerpt: "About a third of California employers that offer their workers health-care coverage are considering switching to a so-called defined-contribution approach that pays employees to buy their own insurance while reducing costs for companies, according to a survey to be released [March 27]." (Los Angeles Times)
New Study Finds Older Widowed and Divorced Women Lack Affordable Health Insurance Options
Excerpt: "Too few viable health insurance options exist for widowed or divorced women aged 55 to 64, according to a report released by Community Voices: HealthCare for the Underserved and prepared by Families USA." (Community Voices press release)
Another Question is Answered in the Stock Options, Restricted Stock and Other Long-Term Employment Incentives Q&A Column
Employee X exercised his nonqualified stock option on 6/1/2000 with a $1 exercise price. The Fair Market value of the stock was $5 on 6/1/2000. However, the Company stock was not actually delivered to X until 11/1/2000 when the fair market value of the stock was $2. The 2000 Form W-2 for X included $4 of income attributable to the exercise ($5 - $1). Is there any exception to this treatment since the stock was delivered on the exercise date? (BenefitsLink.com)
Graef Crystal: Advanced Micro's CEO Takes Investors for a Ride
Excerpt: "You can count on two things at Advanced Micro Devices Inc. First, shareholders of the Sunnyvale, California, chipmaker will be subject to volatility that matches the scariest roller coaster they ever rode. And second, whether ordinary AMD investors fare well or not, founder and CEO W. Jerry Sanders III always will come out on top." (Graef Crystal, on Bloomberg.com)
Newly Posted or Renewed Job Openings (Post Yours!)
| ERISA Documents Technician | for PFPC Inc. in NC |
| Qualified Plans Manager | for First Trust Corporation - Retirement Services in CO |
| Compliance Specialist | for First Trust Corporation - Retirement Services in CO |
Subscribe to the Retirement Plans Edition, too (click)
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