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December 17, 2003 - 8,783 subscribers
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Research Memorandum: Effect of Medicare Law on Group Health Plans (PDF)
12 pages. Excerpt: "The purpose of this Memo is to discuss those provisions that will have a direct impact on group health plans, namely: (1) the transitional drug discount card program ... which is effective early next year through December 31, 2005; (2) the new Part D pr*scription drug program ... (3) a new federal subsidy for plan sponsors who currently extend drug coverage to retirees, also effective on January 1, 2006; and (4) ... drug re-importation from Canada and other countries." (TIC International Corporation)
FDA To Meet With Boston, New Hampshire Officials To Discourage Drug Reimportation Programs
Excerpt: "Federal regulators are hoping to persuade Boston and New Hampshire officials to abandon plans to buy cheaper pr*scription drugs from Canada.... A growing number of states are studying proposals to buy Canadian drugs, and several have provided a list of Web sites for workers to use to make their purchases. But so far the FDA's repeated safety and legal warnings have stalled any plans for a state to import drugs from Canada." (AP via Las Vegas Sun)
Links to Items on Executive Comp, Benefits in General
Avoiding or Winning Employee Benefit Plan Lawsuits
Nice checklist. Excerpt: "Employers and fiduciaries should take steps to minimize the risk of liability, and a good first step is a fiduciary liability review. Federal employee benefit law (ERISA) imposes a high standard of duty and care on fiduciaries to find and fix poor administrative practices that directly or indirectly result in lost benefits, and tax laws require careful plan administration to maintain tax exempt status." (Thelen Reid & Priest LLP via FindLaw.com)
Overview: IRS Launches Executive Compensation Compliance Initiative
12/15/03. Excerpt: "This initiative will focus on eight issues: (1) nonqualified deferred compensation; (2) stock-based compensation; (3) the million-dollar cap on deductible compensation; (4) golden parachutes; (5) split-dollar life insurance; (6) transfers of compensatory options to related parties; (7) offshore deferred compensation arrangements; and (8) executive perks." (RIA Pension & Benefits Week)
Newly Posted Press Releases
Clark Consulting Announces Results of Tenth Annual Executive Benefits Survey; Prevalence, Popularity of NQDC Plans Continues to Grow
(Clark Consulting)
dailyVest Software Drills Down
(dailyVest Inc.)
Newly Posted or Renewed Job Openings
Benefits Manager
for Guardian Industries Corp.
in MI
Assistant Vice President, Compensation & Benefits
for CSX Corporation
in FL
Sr. 401(k) Benefit Administrator
for ADP Retirement Services
in NJ
Sr. Account Executive
for Transamerica
in PA
Pension Administrator/Manager
for Katz & Company, Inc./Applied Pension Services of Suffolk, Inc.
in NY
Retirement Plan Administrator
for Benefit Consultants Group
in NJ
Client Service Representative
for National Automobile Dealers Association
in VA
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
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