| The BenefitsLink Newsletter - Welfare Plans Edition |   |
December 21, 2001 - 6,656 subscribers
Today's sponsor: Glasser LegalWorks
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You are invited to attend the nation's leading seminar on how recent cases affect claims, plan design and operations. Highlights of this year's program include: -Health Care Plan Litigation -Fiduciary Litigation -Preemption after Egelhoff -Aftermath of Pegram -Managed Care Litigation More details are available now in an online brochure: http://www.legalwks.com/conferences/erisa_lit/home.htm
(Help BenefitsLink to provide this newsletter at no charge to you -- our sponsors pay our way. Remember to visit them periodically; we try to make sure their products and services will be of interest to you. Thanks! --Editor)
Integrating FMLA Leave With Other Leave Demands
Excerpt: "The Family and Medical Leave Act (FMLA) was enacted in 1993 to protect the jobs of employees who need time away from work for parenting or a serious health condition. However, the federal leave law does not exist in a vacuum. In the vast majority of cases, employees who are eligible for statutory leave protections under the FMLA also have leave rights derived from one or more other sources." (Thompson Publishing Group)
IRS Announces 2002 Adjusted Limits For Transportation Fringes, Long Term care, MSAs
In Rev Proc. 2001-59, the IRS provides a variety of inflation-adjusted figures for 2002, including figures for qualified transportation fringe benefits, long term care, and medical savings accounts. For tax years beginning in 2002, the monthly limitation under IRC Sec. 132(f)(2)(A), regarding the fringe benefit exclusion for transportation in a commuter highway vehicle and any transit pass, is $100. (Spencernet)
Conference Committee Rejects Mental Health Parity Proposal
In a 10-7 vote strictly along party lines, a conference committee has rejected a Senate-passed mental health parity proposal in H.R. 3061, the 2002 Appropriations Act for the Departments of Labor, Health and Human Services, and Education. Instead, the committee agreed to a one-year extension of the 1996 law, which was the original proposal in the House-passed version of the bill. (Spencernet)
Taxes and Health Insurance
Excerpt: "This paper provides an assessment of the past and potential impacts of taxation on health insurance coverage and costs." (National Bureau of Economic Research)
Executive Compensation in America: Optimal Contracting or Extraction of Rents?
Excerpt: "Under the alternative rent extraction view that we examine, the board does not operate at arm's length; rather, executives have power to influence their own compensation, and they use their power to extract rents. As a result, executives are paid more than is optimal for shareholders and, to camouflage the extraction of rents, executive compensation might be structured sub-optimally." (National Bureau of Economic Research)
SEC Vote On Options Favors Investors
Excerpt: "The Securities and Exchange Commission voted unanimously to require companies to disclose more clearly a number of details that will help investors keep tabs on how stock options are doled out and how those options could affect earnings." (SiliconValley.com)
Newly Posted or Renewed Job Openings -
| QUALIFIED RETIREMENT PLANS COMPLIANCE/CONSULTING ACTUARY | for MBM Advisors
Inc. in TX |
| Communication Consultant | for Fidelity Investments in UT |
| ERISA Case Manager | for CitiStreet in NJ |
| Manager, Welfare Plan Administration | for Ralcorp Holdings, Inc. in MO |
| Client Service Analyst | for Northern Trust Retirement Consulting in GA |
| Senior Operations Specialist - Trustmark | for Ceridian in FL |
Newly Posted Press Releases (Post Yours!)
| Long Beach Unified School District, One of the Nation's Largest Public Schools, Adopts 457 Deferred Compensation Plan (Public Agency Retirement Planning, Inc.) |
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Copyright 2001 BenefitsLink.com, Inc., but you may freely distribute this email newsletter in whole. This newsletter is edited by David Rhett Baker, J.D.
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