BenefitsLink |   |
| August 10, 2007 |
Sponsored by: BeneCom Associates, LLC
(Click on company name or banner to learn more.)
| BeneCom Associates, LLC, for one-stop benefit communications |
| Since 1992, BeneCom has provided one-stop benefit communications for organizations large and small, nationwide. Staffed by people who know benefits, we write, design and produce effective media, including SPDs, enrollment materials, newsletters, benefit statements and more. So whether you're an employer, plan administrator or consultant in need of traditional or online capabilities, we're here to help. Call (860) 674-2626 today. |
Overview: IRS Proposed Comprehensive Cafeteria Plan Regulations (PDF)
8 pages. Excerpt: "[T]he new regulations are proposed to be effective January 1, 2009, though they may be relied upon in the interim. The new rules regarding the cost of life insurance includible in income are immediately effective, and Notice 89-110 is revoked as of August 6, 2007." (Sutherland Asbill & Brennan LLP)
President of California Federation of Teachers Argues Against GASB Accounting Rules on Retiree Healthcare Coverage
Excerpt: "[R]ising health-care costs are putting pressure on school and college districts to reduce or eliminate health insurance for their retirees. One proposed solution -- pre-funding -- doesn't address the root of the problem, and may make matters worse." (San Francisco Chronicle)
More States Enact Cafeteria Plan Mandates
Excerpt: "Rhode Island, Connecticut and Missouri recently followed Massachusetts in enacting a requirement that certain employers establish cafeteria plans under Section 125 of the Internal Revenue Code." (Segal)
Legislation Would Allow Students To Retain Health Insurance During Medical Leave
Excerpt: "A bipartisan group of lawmakers have introduced legislation (HR 2851 and S 400) that would allow college students to take as long as one year of medical leave for severe illnesses and continue to receive health insurance through the policies of their parents, USA Today reports." (Henry J. Kaiser Family Foundation)
Bill Would Allow Flexible Spending Accounts To Include Long-Term Care Insurance
Excerpt: "A bipartisan group of House members last week introduced a bill (HR 3363) that would allow flexible spending accounts to include long-term care insurance. . . . " (Henry J. Kaiser Family Foundation)
Group Drops Lawsuit Over Aetna Limited-Benefit Health Plans
Excerpt: "The lawsuit, filed last October in a Hartford Superior Court in Connecticut, named as defendants Aetna, company subsidiary Strategic Resources Company and the state Department of Insurance, which in September 2005 authorized the sale of the limited-benefit health plans in the state. According to the lawsuit, the limited-benefit plans are designed to help Connecticut employers recruit and retain employees." (Henry J. Kaiser Family Foundation)
Links to Items on Executive Comp, Benefits in General
Benefits Cost Increases Rebound
Excerpt: " Benefits costs rose more quickly than salaries for the period from March to June 2007, according to the most recent Employment Cost Index from the Department of Labor's Bureau of Labor Statistics (BLS). This is in contrast to last quarter's BLS statistics, when benefits costs rose less quickly than salaries for only the second time in the last five years." (CCH Pension)
CEO Found Guilty in First Criminal Trial Related to Stock-Option Backdating
Excerpt: "In a stunning victory for government prosecutors, Gregory Reyes, the former hard-charging chief executive of Brocade Communications Systems, was found guilty Tuesday in the nation's first criminal trial related to stock-option backdating. The jury, which deliberated for 5-1/2 days, convicted Reyes of all 10 counts of securities fraud." (Human Resource Executive Online)
We Are Sorry to Report the Passing of Philadelphia ERISA Lawyer Brett Kates
Excerpt: "Mr. Kates was a frequent contributor to our message boards (b2kates): over 600 messages that helped his colleagues. See also https://benefitslink.com/boards/index.php?showtopic=36347. (Philadelphia Inquirer)
EBSA Seems to be Cracking Down on Multiemployer Plan Service Provider Gifts
Excerpt: "The International Foundation of Employee Benefit Plans (IFEBP) has reported on what appears to be stricter enforcement by some offices of the Department of Labor's Employee Benefits Security Administration (EBSA) of rules regarding service provider gifts and entertainment for multiemployer plan trustees or administrators." (PLANSPONSOR.com)
Newly Posted Events
Employee Benefits Conference
in West Virginia on October 4, 2007
presented by West Virginia Bar Association
Retirement Plan Vendor Analysis and Benchmarking: A Fiduciary Responsibility
in California on September 5, 2007
presented by International Society of Certified Employee Benefit Specialists - Orange County Chapter
Shaping the Future: Innovative Solutions for Today's Health Care Challenges
in Pennsylvania on September 6, 2007
presented by Pittsburgh Business Group on Health
Newly Posted Press Releases
PBGC Assumes Scovill Fasteners Inc. Pension Plan
Pension Benefit Guaranty Corporation (PBGC)
Newly Posted or Renewed Job Openings
(Post a Job | View All Jobs |
RSS Feed )
ERISA Attorney
for O'Neil, Cannon, Hollman, DeJong S.C.
in WI
Director, Employee Benefits
for Raley's
in CA
New Business Project Manager
for National Retirement Plan Services Firm
in
Sr. Director, Benefits (Health & Welfare / Savings & Retirement)
for Saks Fifth Avenue
in CT, NY
Tax Senior: Comp & Benefits - Global Enterprise Services
for Deloitte, LLP - Washington National, Tax Practice
in ANY STATE, DC
Conversion Manager
for Princeton Retirement Group, a Merrill Lynch Co.
in GA
Investment Advisor
for National Rural Electric Cooperative Association (NRECA)
in VA
Handy Links:
- View Today's Active Message Threads
- Using the Web for Employee Benefits Research (hypertext article)
- Employee Benefits Library
Subscribe to the BenefitsLink Retirement Plans Newsletter, Too!
Sign-up form is at https://benefitslink.com/newsletter (free).
This newsletter is sent to you each workday except federal holidays.
This email has been published by:
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
(407) 644-4146
Fax: (407) 644-2151
David Rhett Baker, J.D., Editor
Copyright 2007 BenefitsLink.com, Inc.; except that you can forward this email in full (including this boilerplate part) or otherwise reprint this email in full (including this boilerplate part) without obtaining our permission.
Anyone can receive these emails; just have them sign up at this web page: https://benefitslink.com/newsletter/
Other useful links: