June 27, 2002 - 6,490 subscribers Today's sponsor: EmployeeBenefitsJobs.com (Click on company name or banner to learn more.) Where the best benefits employers find the best candidates Fill your employee benefits job openings fast by advertising on BenefitsLink. What better place to find qualified candidates? Your help wanted ad will be listed in the BenefitsLink Newsletter (over 19,000 subscriptions to the two editions), will be seen by thousands of candidates who view our listings online, and will be emailed to over 2,900 job-seekers. Click above to see how easy it is to place an ad! California Supreme Court Rules Age Can Determine Employee's Benefits Excerpt: "Employers may give older workers fewer benefits than younger ones, the California Supreme Court ruled Monday, siding with a company that refused to pay for a master's degree for a 56-year-old." (The Nando Times) More: California High Court Rules on Age Discrimination Case Excerpt: "The decision, in a case in which an Orange County worker was denied access to corporate assistance for education because of his age, is expected to apply to benefits and working conditions, including sick leave, job scheduling, vacation, and stock options." (PLANSPONSOR.com) Domestic Partners Gain Death Benefits Under Federal Death Benefit for Police, Firefighters Excerpt: "Gay activists had lobbied for the bill, but the Justice Department had objected to it, saying in a letter to Congress that the benefit had been designed for immediate survivors with pressing needs and that the bill was 'likely to create unintended and unfortunate results.' The White House revealed the decision with a minimum of fanfare ... Domestic partners are not included in other federal death benefits." (San Francisco Chronicle) Uncertain Job Market Makes Case For Voluntary Worksite Benefits Excerpt: "[E]mployees can plan for-- and help mitigate the effect of-- lost jobs and the employer-paid benefits that often ensue. They can do this through purchase of supplemental insurance. Also called worksite, voluntary, or payroll deduction insurance, such coverage is individual insurance employees can buy at the worksite." (Insurance News Net) HIPAA and GLB: Health Plans In the Crosshairs Excerpt: "Here's a short primer on [Gramm-Leach-Bliley] as it pertains to health information, along with a discussion of how some health organizations are working to effectively mesh the two statutes." (iHealthBeat.com; free registration required) HCA Becomes Second Hospital System To Join Leapfrog Group Excerpt: "HCA is only the second hospital group, following Atlanta's Promina Health System, to join the Leapfrog Group, a coalition of large health care purchasers working to control health care costs by reducing medical errors." (iHealthBeat.com; free registration required) House Passes Fast-Track Trade Authority Bill Again, With Health Benefits for Trade-Displaced Workers Excerpt: "The House on June 26 voted 216-215 to approve a trade bill that includes a provision that would help American workers displaced by international trade pay for health insurance, the AP/Nando Times reports ..." (KaiserNetwork.org) House Republicans Seeking Votes To Pass Medicare Package; House Democrats Introduce Bill Excerpt: "While House Republican leaders on June 26 'vigorously' worked to garner the votes needed to pass a GOP-backed $350 billion Medicare reform package that includes a prescription drug benefit, House Democrats formally introduced their own drug coverage plan, the Washington Post reports ..." (KaiserNetwork.org) Links to Items on Executive Comp, Benefits in General (These items appear in both editions of the BenefitsLink Newsletter) Text of IRS Notice Suspending Proposed Application of Employment and Income Taxes to ISOs, ESPPs (PDF) Notice 2002-47. Excerpt: "[U]ntil Treasury and the Service issue further guidance, in the case of a statutory stock option, i.e., an incentive stock option (ISO) ... or an option granted under an employee stock purchase plan (ESPP) ... the Service will not assess the [FICA] tax or [FUTA] tax, or apply federal income tax withholding obligations, upon either the exercise of the option or the disposition of the stock acquired by an employee pursuant to the exercise of the option." (Internal Revenue Service) Newly Posted or Renewed Job Openings -
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