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(a) New Guidance Documents (None today.) (b) News San Francisco Appeals Decision Striking Down Health Care Plan Excerpt: "The city of San Francisco filed an emergency bid with a federal appeals court [yesterday] for a stay of a ruling that struck down an employer spending mandate in the city's pioneering health care plan.' (KTVU.com and Bay City News via foxreno.com) Vote Set in D.C. on Mandating Paid Sick Leave Excerpt: "The District could become the second U.S. city to require employers to provide paid sick leave to all workers, a move advocates say could protect employees from having to choose between keeping themselves healthy and keeping their job. Opponents say such a law could prompt businesses to reduce benefits and lay off workers." (The Washington Post; free registration required) (c) Summaries of Guidance; Filed Comments San Francisco's Health Care Ordinance Falls to ERISA Preemption Challenge Excerpt: "In a well-reasoned opinion, a California district court has held that ERISA preempts the San Francisco Health Care Security Ordinance. The 2006 ordinance consisted of an employer health spending requirement and a government health care program, funded in part by those employer contributions." (Health Plan Law blog by Attorney Roy F. Harmon III) Overview: San Francisco Health Law Falls to ERISA Preemption Excerpt: "It still boggles the mind that the court comes to these conclusions, while still recognizing that, '[t]he Supreme Court has also emphasized more generally that the 'principal object of the statute [ERISA] is to protect plan participants and beneficiaries,'' Boggs v. Boggs, 520 U.S. 833, 845 (1997), not to ensure national uniformity or lower costs for employers to run such plans." (Workplace Prof Blog) Overview: San Francisco Health Care Security Ordinance Preempted Excerpt: "On December 26, 2007, United States District Judge Jeffery White granted summary judgment in favor of the Golden Gate Restaurant Association's challenge to the San Francisco Health Care Security Ordinance. The judge held that the Ordinance is invalid because it is preempted by the Employee Retirement Income Security Act of 1974 (ERISA). The City is expected to request a stay pending appeal." (Thelen Reid Brown Raysman & Steiner LLP) Overview: Final Regulation Allows Retiree Health Plans to Coordinate with Medicare Excerpt: "The new regulation establishes an exemption from the ADEA that permits health plans to reduce, eliminate or alter benefits for Medicare-eligible retirees without the need to meet these additional standards." (Ballard Spahr Andrews & Ingersoll, LLP) (d) Trends, Surveys, Research EEOC Health Coverage Rule May Help Younger Retirees Excerpt: "[A] federal rule published Wednesday means that employers may be less likely to drop or cut health-care coverage for younger retirees, while at the same time allowing them to reduce or eliminate benefits for retirees who turn 65 and qualify for Medicare." (Chicago Tribune) 6 Tax-Efficient Perks to Ask for at Work Excerpt: "[T]he average person will change not only employers but also careers multiple times before reaching age 50. Combine that information with layoffs and downsizing on the employer side, and 'tenure' is a thing of the past. As a competent and dedicated employee, you can use this to your advantage. If you are doing a good job, your employer will want to keep you. And to do so, your company knows it might need to entice you to stay if your skills are marketable and you are in demand." (Wise Bread via MSN.Money) (e) Policy, Opinion, Advocacy Study: Health of Previously Uninsured Adults After Acquiring Medicare Coverage Excerpt: "Health care coverage leads to dramatic improvement in health trends for previously uninsured older individuals, particularly those with cardiovascular disease or diabetes, according to a Commonwealth Fund-supported study published in the Journal of the American Medical Association." (The Commonwealth Fund) Opinion: The Best of Healthcare Information Technology in 2007 Excerpt: "Over the past year, Health IT Strategist has chronicled some of the key issues of healthcare IT. Take a look at what readers found to be the most important, based on a review of page views for stories." (Modern Healthcare; free registration required) Sponsored by: University Conference Services (Click on company name or banner to learn more.)
Newly Posted Events NIPA Webcast: Common 401(k) Plan Mistakes Nationwide on February 7, 2008 presented by National Institute of Pension Administrators Webcast: Common 401(k) Plan Mistakes Nationwide on February 7, 2008 presented by National Institute of Pension Administrators Newly Posted Press Releases Treasury, IRS Issue Proposed Regulations for Cash Balance and Other Hybrid Pension Plans U.S. Treasury Department and Internal Revenue Service IRS, Treasury Issue Additional Proposed Regulations on Pension Protection Act Funding Rules U.S. Treasury Department and Internal Revenue Service Newly Posted or Renewed Job Openings
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