| The BenefitsLink Newsletter - Welfare Plans Edition |   |
June 6, 2002 - 6,419 subscribers
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Popular Drugs' Patents Set to Expire, Ushering in Savings; Groups Spread the Word on Generics
Excerpt: "Insurers, union health plans, consumer groups and advocates for the elderly are attempting to impress upon consumers and physicians the economic and social case for slowing drug spending by buying generics." (St. Louis Post-Dispatch via International Foundation of Employee Benefit Plans)
State Insurance Commissioners Say Association Health Plans Are Bad for Consumers (PDF)
Excerpt: "AHPs would fragment and destabilize the small group market, resulting in higher premiums for many small businesses.... AHPs would be exempt from state solvency requirements, patient protections, and oversight exposing consumers to significant harm." (National Association of Insurance Commissioners)
Assisted Living Averages $2,159 Per Month In U.S., MetLife Study Finds
Press release. Excerpt: "The study, the first of its kind ... found that the highest monthly average was New York City at $3,696 while the lowest was Jackson, Mississippi at $592." (MetLife)
Business Lobby Seeks to Limit Investor Votes on Options
Excerpt: "An effort by the New York Stock Exchange to require companies whose shares it trades to put all stock option plans to shareholder votes is coming under fire from the Business Roundtable, a lobbying organization that represents chief executives of large United States corporations." (New York Times; free registration required)
Survey: Benefits Increase, Not Decrease, for American Workers
Press release from The Principal Financial Group. Excerpt: "The Second Quarter 2002 Principal Financial Well-Being Index(SM) just released revealed the fourth consecutive quarterly increase in the number of firms that offer health insurance, defined contribution plans, life insurance and disability insurance. These four benefits are also ranked as the four most important benefits among workers." (Business Wire via Yahoo! Finance)
Amid Turmoil, Question of Severance Pay for Former Tyco Executive Remains
Excerpt: "Having secured the resignation of former chairman and chief executive L. Dennis Kozlowski less than two days before the executive was indicted on charges of conspiracy and tax evasion, Tyco International's board of directors now faces an even thornier problem: Should it pay Tyco's leader for the past decade any money for going away quietly?" (Boston Globe)
Survey: Executive Compensation Plans Tighten
Excerpt: "The Hewitt study shows that nearly two-thirds of companies paid out executive bonuses below target this year (for 2001 performance).... As a result of declining bonus opportunities, several survey respondents indicated that they are taking a more cautious approach with executive bonus plan designs for 2002." (SmartPros)
Your HR Career: Online Job Boards
Excerpt: "This article profiles 27 job boards that are dedicated - either in whole or in part - to Human Resources opportunities." (Christina Morfeld on Suite 101.com)
Newly Posted or Renewed Job Openings -
| Retirement Service Specialists | for Constantin Control Associates in NJ, NY |
| Client Services Consultant | for American United Life Insurance Company in TX |
| Rollover Consulting Group Representative | for New York Life Investment Management LLC in NJ |
Newly Posted Webcasts (Post Yours!)
| Professional Employer Organizations | on June 25, 2002 presented by SunGard Corbel |
Newly Posted Conferences (Post Yours!)
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Norfolk | in VA on September 10, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Sioux Falls | in SD on September 10, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Spokane | in WA on September 10, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Charlotte | in NC on September 10, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Baltimore | in MD on September 10, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Las Vegas | in NV on September 18, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Richmond | in VA on September 18, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Little Rock | in AR on September 18, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Green Bay | in WI on September 18, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Charleston | in SC on September 18, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Washington | in DC on September 23, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Oklahoma City | in OK on September 24, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Raleigh | in NC on September 24, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Milwaukee | in WI on September 24, 2002 presented by A.E. Roberts Company |
| FMLA, COBRA (including HIPAA portability), Section 125, and HIPAA Privacy - Fargo | in ND on September 24, 2002 presented by A.E. Roberts Company |
Newly Posted Press Releases
| Fears About 401(k) Plan Demise Eased With New Communication Tool (Benefit Software) |
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Copyright 2002 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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