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October 23, 2002 - 7,425 subscribers
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(Help BenefitsLink to provide this newsletter at no charge to you -- our sponsors pay your way. Remember to visit them periodically; we try to make sure their products and services will be of interest to you. Thanks! --Editor)
What If Your Disability Benefits Were Cut Off?
Oct. 16, 2002. Excerpt: "[W]hat if, suddenly, unexpectedly, your benefits were cut off? That's what happened to the people in this story. We found some startling charges against the biggest disability insurance provider in the country [UnumProvident]." (Dateline MSNBC Investigation)

The Healthier Side of Health Care: Profitability of Managed Care Organizations
Excerpt: "[T]he strongest managed care companies-- even though they long ago lost their power to check health care costs-- are reporting sharply higher profits, as premiums rise even faster than do underlying costs." (New York Times; free registration required)

2002 Report of the Subcommittee on Welfare Plans: Technical and Statutory Issues
Presented on February 14-16, 2002. This Microsoft Word document is a supplement to a chapter of the highly-regarded employee benefits treatise published by the American Bar Association's Section of Labor and Employment Law, Employee Benefits Subcommittee. 48 pages. (ABA Section of Labor and Employment Law, Employee Benefits Subcommittee)

Cost Prevents More Former Employees From Enrolling In COBRA
Excerpt: "Only one in four working Americans say they would be 'very likely to continue' their health insurance coverage through COBRA if they lost their jobs, and cost appears to be the main reason, according to findings from the '2002 Workplace Health Insurance Survey,' recently published by The Commonwealth Fund ..." (insure.com)

Liability Issues Unique to Welfare Plans
This Microsoft Word document is the 2001 supplement to a chapter of the highly-regarded employee benefits treatise published by the American Bar Association's Section of Labor and Employment Law, Employee Benefits Subcommittee. 45 pages. (ABA Section of Labor and Employment Law, Employee Benefits Subcommittee)

Current Status of VEBA Planning and Controversies (1998) (PDF)
26 pages; originally published in 1998. Excerpt: "The purpose of this article is to discuss several of the most important issues arising under Section 419 and 419A that are not addressed in the Regulations and instead are being developed through the Tax Court." (Russell E. Greenblatt, Esq. of KMZ Rosenman)

Links to Items on Executive Comp, Benefits in General

Full Text of DOL Advisory Opinion 2002-10A on Governmental Plan Definition
Issued 9/30/2002. Excerpt: "Your inquiry concerns the effect on the UC Plans of 'unwinding' a joint venture between the University of California (UC) and Stanford University.... [Y]ou asked whether the status of the UC Plans as 'governmental plan[s]' ... would be adversely affected if certain former joint venture employees, when reemployed by UC, resume participation in the UC Plans, are given service credit under the UC Retirement Plan ... and are allowed to transfer account balances ..." (U.S. Department of Labor, Pension and Welfare Benefits Administration)

Aon Chart of 2003 Limits for Employee Benefit Plans (PDF)
4 pages. Excerpt: "Each year, the U.S. government adjusts the limits for private pension plans, Social Security, Medicare, and other benefit programs to reflect price and wage inflation, and changes in the law. As a result, employee benefits specialists at private firms must annually adapt their benefit plans to accommodate the new limits. All of the numbers in this Alert are official, unless otherwise indicated." (Aon Consulting)

Newly Posted or Renewed Job Openings - Post a Help Wanted Ad

DC Administrator
for Northern CA TPA
in CA

Account Executive/Client Services
for Diversified Investment Advisors
in CA, IL

Pension Assistant
for New York Presbyterian Hospital
in NY

Jr. Compliance Administrator 223-02
for Delaware Investments
in PA

Newly Posted Webcasts (Post Yours!)

President Bush Announces Proposal to Lower Prescription Drug Prices
on October 21, 2002
presented by Kaisernetwork.org

Newly Posted Press Releases

Franklin Templeton Investments Announces Enhancements To Its Defined Contribution Services' Web Site, Timetoinvest.com
(Franklin Templeton Investments)

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Editor and Publisher: David Rhett Baker, J.D.