August 4, 2006 Today's sponsor: The BenefitsLink Jobs Board (Click on company name or banner to learn more.)
Mixed Views on Impact of Authorized Generics Excerpt: "Two competing groups disagree about the effect authorized generics will have on drug prices. An authorized generic is a brand drugmaker's product repackaged and marketed under a different name through a subsidiary or third party. A new analysis from the Generic Pharma.ceutical Association shows authorized generics are causing a decrease in the number of companies competing to produce pharma.ceuticals and reducing access to cheaper drugs." (BenefitNews Connect) Top Five Illnesses Responsible for Disability Leave Excerpt: "Nearly half of short-term disability (STD) claims are linked to heart conditions, trauma, cancer, mental disorders and pulmonary conditions, according to a recent MetLife study." (BenefitNews Connect) Federal Appeals Court Affirms Offset for VA Benefits Excerpt: "In High v. E-Systems, Inc. Long Term Disability Income and Death Benefit Plan, 2006 WL 2167224 (5th Cir. August 3, 2006), an ERISA disability case released yesterday by the 5th Circuit Court of Appeals, the claimant challenged the plan's right to offset his ERISA benefits by the amount of VA benefits he was receiving." (erisa on the web; posted by John Wood) Advance Warning: Tool Aids Employers in Gauging Likelihood of Hospitalizations Among Workforce Excerpt: "[P]redictive modeling technology can aid benefit managers in targeting employees vulnerable to developing health problems and providing preventive care. Boston-based vendor DxCG is making a new splash in the predictive modeling space, unveiling, in April, a likelihood of hospitalization (LOH) model." (Employee Benefit News) Dell Partners with WebMD for Employee e-Health Records Excerpt: "We want our employees to better understand their benefits and get the right care at the right time at the right place,' said Kathleen Angel . . . ." (IDG News Service via Network World) Hewitt Federal Legislation Quick Guide Updated as of August 1, 2006, for Health and Welfare Plans (PDF) 22 pages. This Federal Legislation Quick Guide provides short updates on federal legislation that is currently under active consideration by Congress or has recently been enacted into law regarding health and welfare benefit plans. (Hewitt Associates) Links to Items on Executive Comp, Benefits in General Overview: SEC Approves Overhaul of Executive Compensation Disclosure Rules Excerpt: "The final rules will generally be effective for disclosures in proxy statements and annual reports for companies with fiscal years ending on or after December 15, 2006. The Form 8-K requirements will be applicable for triggering events that occur 60 days or more after publication of the final rules in the Federal Register." (Ballard Spahr Andrews & Ingersoll, LLP) Hewitt Federal Legislation Quick Guide as of August 1, 2006, on Human Resources and Employment Law (PDF) 9 pages. This Federal Legislation Quick Guide provides short updates on federal legislation that is currently under active consideration by Congress or has recently been enacted into law regarding human resources and employment law. (Hewitt Associates) Newly Posted Events Advanced Actuarial Conference in Massachusetts on June 5, 2007 presented by ASPPA (American Society of Pension Professionals & Actuaries) Cross-Tested Plan Workshop - Design and Testing in Ohio on August 23, 2006 presented by SunGard Corbel Cross-Tested Plan Workshop - Design and Testing in New York on August 23, 2006 presented by SunGard Corbel Cross-Tested Plan Workshop - Design and Testing in Pennsylvania on August 23, 2006 presented by SunGard Corbel DOL Speaks: The 2007 Employee Benefits Conference in District of Columbia on May 24, 2007 presented by ASPPA & DOL ERISA Workshop Nationwide on October 3, 2006 presented by SunGard Corbel Los Angeles Benefits Conference in California on January 24, 2007 presented by ASPPA & IRS Minimum Funding under Pension Protection Act of 2006 - The Next Stage of Reform - Webcast Nationwide on August 15, 2006 presented by Buck Consultants Northeast Benefits Conference in Massachusetts on June 7, 2007 presented by ASPPA & IRS Northeast Benefits Conference in New York on June 8, 2007 presented by ASPPA & IRS Safe Harbor 401(k) Plans - Design and Administration in Pennsylvania on August 24, 2006 presented by SunGard Corbel Safe Harbor 401(k) Plans - Design and Administration in New York on August 24, 2006 presented by SunGard Corbel Safe Harbor 401(k) Plans Workshop - Design and Administration in Ohio on August 24, 2006 presented by SunGard Corbel Western Benefits Conference in California on July 22, 2007 presented by ASPPA and WP&BC Newly Posted Press Releases Passage of Pension Protect Act Virtually Completes Seven-Year Journey (ERIC (ERISA Industry Committee)) Pension Bill a ‘Mixed Bag’ for Employers, Employees (American Benefits Council) Pension Bill Passes Senate with COLI ‘Best Practices’ (American Council of Life Insurers) Pension Reform Passed By Senate Represents Boost to Americans’ Retirement Security (American Council of Life Insurers) Senate Passes Flawed Pension Bill, Allows Cuts In Vested Benefits, Undermines Pension Plans, According to the International Brotherhood of Teamsters (International Brotherhood of Teamsters) Congress Passes Landmark Pension Reform Legislation (Multiemployer Pension Plan Coalition) PPOs Still Get the Lion's Share of the Commercial Market, but HMOs are Holding Their Own (HealthLeaders-InterStudy) Newly Posted or Renewed Job Openings
ERISA Consultant II for BISYS Retirement Services in PA Human Resources-Generalist for Capital Group Companies in VA EB Trust Administrator for BB&T (Branch Banking and Trust ) in NC Manager of Administration for Benetech, Inc. in CA Retirement Plan Administrator for PlanTech, LLP in AL 401(k) Plan Administrator / Account Manager for Oak Brook-based Administrator/Recordkeeper in IL Senior Executive Benefits Analyst for CenterPoint Energy in TX Pension Manager for Comcast Cable in PA Benefits Financial Specialist for Aerojet - Sacramento in CA ERISA Fiduciary Investment Advisor for Unified Trust Company, N.A. in KY Relius Daily Valuation Specialist for SVA Retirement Plan Services, LLC in WI Handy Links:
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