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The BenefitsLink Newsletter -
Welfare Plans Edition
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February 7, 2002 - 6,451 subscribers
Today's sponsor: EBIA's COBRA: The Developing Law

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(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)

Obesity Can Cost Employers Time and Money
Excerpt: "The U.S. Surgeon General urges employers to do as St. Vincent's and other Jacksonville employers have done by creating workplace programs to help employees achieve and maintain a healthy weight. The Centers for Disease Control declared overweight and obesity an epidemic in the United States in 1999." (The Florida Times-Union via the International Foundation of Employee Benefit Plans)

Witness List and Links to Testimony at Hearing on Small Business Access to Health Care
Held February 6, 2002. (U.S. House of Representatives, Small Business Committee)

California HMO Regulator Snagged In Web of Legal Challenges
Excerpt: "Daniel Zingale is facing a series of legal challenges that could limit his department's ability to govern health plans. At the same time his department is battling those lawsuits, a case being considered by the U.S. Supreme Court also has the potential to severely limit Zingale's regulatory power." (San Diego Union-Tribune)

DOD Rules Expand Benefits Under, Address Disenrollment From TRICARE Retiree Dental Program
The Department of Defense (DOD) has issued final regulations that allow additional benefits under the retiree dental insurance plan for Uniformed Services retirees and their family members that are comparable to the benefits provided under the TRICARE Family Member Dental Program. The final regulations appeared in the January 30 Federal Register. (Spencernet)

(Following items are in both editions of the BenefitsLink Newsletter)

Taxability of Employee Benefits in California (PDF)
4-page chart summarizing taxability of various employee benefit programs under California for Unemployment Insurance, Employment Training Tax, State Disability Insurance, and Personal Income Tax purposes. (State of California, Economic Development Department)

New Delaware Law Permits Delegation of Authority To Officers To Grant Stock Options and Stock Rights
Excerpt: "Delaware amended its General Corporation Law, effective July 1, 2001, to permit Delaware corporations to delegate to an officer the authority to grant stock options and stock rights under a stock plan, subject to certain conditions." (Pillsbury Winthrop LLP)

Multinationals Still Opting for Stock Options
Excerpt: "As U.S. businesses have expanded their option plans overseas, they have increased the pressure on local competitors and foreign companies to match their offerings." (CFO.com)

Newly Posted or Renewed Job Openings - Post a Help Wanted Ad
Section 125 Administrator for Consulting Firm in the Lehigh Valley
Benefit Administrator for Independent Benefit Services
Retirement Administrator for Delaware Investments
Pension Plan Administrator for Benefit Associates, Inc. - Orange, CA

Newly Posted Press Releases
Still River Retirement Planning Software, Inc. Releases New RetirementWorks for the Web (Still River Retirement Planning Software, Inc.)
New 401(k) Calculator useful as Plan Recruiting Tool (Benefit Software Inc.)

Subscribe to the Retirement Plans Edition, too (click)

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.