June 20, 2006 Today's sponsor: Benefit Software Inc. (Click on company name or banner to learn more.)
Text of IRS Notice 2006-59: Payments Under Leave-Sharing Plan in Presidentially-Declared Disasters (PDF) 6 pages. Excerpt: "The IRS will not assert that a leave donor who deposits leave in an employer-sponsored leave bank under a major disaster leave-sharing plan realizes income or has wages, compensation, or rail wages with respect to the deposited leave, provided that the plan treats payments made by the employer to the leave recipient as 'wages' for purposes of FICA, FUTA, and income tax withholding ..." (Internal Revenue Service) Changes in Employer-Sponsored Health Insurance, 1998-2003 Excerpt: "More workers are declining employers' offer of health insurance. Nationally the percentage of eligible private-sector workers that accept their employers' offer of individual health insurance declined five percentage points (from 85.3 percent to 80.3 percent) from 1998 to 2003.' Target page includes link to the full 45-page document. (Robert Wood Johnson Foundation) Judge Throws Out Charges of Improper Practices in Paying Physicians Excerpt: "U.S. District Judge Federico Moreno on Monday dismissed all claims that remained against UnitedHealth Group and Coventry Health Care in a class-action lawsuit filed on behalf of more than 700,000 physicians nationwide, the Wall Street Journal reports." (KaiserNetwork.org) Capping Drug Benefits May Lead to Unintended Consequences, Study Concludes Excerpt: "Even if caps lower a plan's pharmacy costs, those savings may be offset by increases in other health care costs associated with emergency room visits and hospitalization." (Deloitte via BenefitsLink.com) Links to Items on Executive Comp, Benefits in General An Aging Workforce's Effect On U.S. Employers Excerpt: "Some companies have set up a Casual Worker Program that allows them to hire or reemploy workers who would receive limited benefits and no pension. Others invite grandparents to work in the company child-care center, and some offer special health screenings pitched to older workers, such as bone density tests." (Forbes) Newly Posted Events Health Law Compliance Seminar in West Virginia on July 19, 2006 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA) Webcast: Examining IRS Examinations and Enforcement: How to Get Out of an IRS Plan Audit Alive Nationwide on June 29, 2006 presented by ASPPA (American Society of Pension Professionals & Actuaries) Newly Posted Press Releases Corporate Directors Give Executive Pay Model Mixed Reviews, Watson Wyatt Survey Finds (Watson Wyatt) National Business Coalition On Health Announces New Board Officers (National Business Coalition on Health) The College of Pension Actuaries' 2006 Actuarial Conference (College of Pension Actuaries) Newly Posted or Renewed Job Openings
Pension Administrator for Preferred Pension Planning Corporation in NJ 401(k) Coordinator for Beneco, Inc. in AZ Licensed Call Center Representative - Financial Services for Wealth Management Systems Inc in NJ Senior Plan Administrator for PRB Administrators Incorporated in NY Benefits Analyst for Blue Cross Blue Shield of Florida in FL Retirement Plans Administrator for Oakwood RPS in WI Assistant Manager - Benefits for American Honda Motor Co., Inc., in CA Health and Benefits Consultant for Mercer Human Resource Consulting in CT Service Delivery Project Manager for The Newport Group in FL 401(k)/DC Administrator for CMC Retirement and Employee Benefits Specialists, Inc. in CA Handy Links:
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