Health & Welfare Plans Newsletter
December 30, 2009

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[Guidance Overview]
Changes to New York State Health Coverage Rights Require Employer Coordination With Insurers (PDF)

6 pages. Excerpt: "The laws apply to insurance policies issued pursuant to New York state insurance law, even if the policies cover employees who do not reside in New York. Conversely, New York employers or other employers who provide medical benefits to New York employees under an insurance policy issued pursuant to another state's law are not affected by these laws." (Patterson Belknap Webb & Tyler LLP)


Proposed Federal Laws Would Mandate Paid Sick Leave for Employees with H1N1
Excerpt: "Proposed federal laws would require employers to provide paid sick leave to employees infected with flu-like or contagious illnesses, such as the H1N1 virus. Both of the laws, if passed, would take effect 15 days after enactment and would end after two years. There is also pending legislation to require paid vacation." (Poyner Spruill LLP)


Sacramento County, California, to Cut Public Employees' Retiree Health Subsidy
Excerpt: "Health care is about to get more expensive for Sacramento County government retirees. Starting Jan. 1, the cash-strapped county will reduce a monthly subsidy to retirees that offsets the cost of their medical insurance. The maximum monthly subsidy will drop from $244 a month to $144 a month." (The Sacramento Bee)


NewPage Corp. Retirees Sue over Health Benefit Reductions
Excerpt: "Retirees of paper producer NewPage Corp. are suing the company over its plans to phase out subsidies for their health care premiums." (PLANSPONSOR.com)


Using Dependent Eligibility Audits to Keep Health Plans Healthy: A Case Study
Excerpt: "Because health plans are established for the benefit of eligible participants, any resources diverted to ineligible persons puts a strain on the plan's health, to the detriment of eligible participants. A recent project with a long-time client provides a good case study of the process and possible benefits of conducting a dependent eligibility audit." (Milliman)




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At The John Marshall Law School, we offer the only MS and LLM degrees in Employee Benefits in the country. Our new eClasses are created to utilize the advantages of remote learning while maintaining the highest standards of instruction. Students can complete assignments from anywhere, day or night. With new classes added each semester, eClasses are a great way professionals can keep current or earn an advanced degree in their field. E-mail 6winicza@jmls.edu for more information.

The John Marshall Law School

Executive Compensation; Benefits in General

[Guidance Overview]
SEC Enhancements to the Current Proxy Disclosure Requirements (PDF)

7 pages. Excerpt: "The new rules will require a company to disclose or enhance its disclosure of: compensation policies as they relate to risk; potential conflicts of interest with regard to compensation consultants; stock and option compensation awards; director and nominee qualifications and background; diversity policies relating to board membership; the rationale behind company leadership structure; and shareholder voting results on Form 8-K." (Sutherland Asbill & Brennan LLP)


[Guidance Overview]
SEC's Disclosure Rules for Executive Compensation and Corporate Governance (PDF)

7 pages. Excerpt: "The amendments will generally apply to disclosure for the 2010 proxy season. If a company's fiscal year ends on or after December 20, 2009, its Form 10-K and proxy statement filed on or after February 28, 2010 must meet the new disclosure requirements." (Haynes and Boone LLP)


Employee Benefits Developments, December 2009
Excerpt: "A brief look at developments in Employee Benefits law from November and December 2009, including cases, rulings, and opinions." (Hodgson Russ LLP)



Webcasts and Conferences

2010 Enrolled Actuaries Meeting
in District of Columbia on April 10, 2010
presented by American Academy of Actuaries

(Click to post your webcast or conference)

Press Releases

Actuaries Urge More Long-Term Planning and Sophisticated Tools to Address Retirement Risks
Society of Actuaries

PBGC Moves to Protect Pensions at Ronson Corp.
Pension Benefit Guaranty Corporation (PBGC)

Wasatch Funds Added to CPI Retirement Platform
CPI Qualified Plan Consultants, Inc.

(Click to post your press release)

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Newly Posted Employee Benefits Jobs

Product Development Manager-Employee/Group Benefits
for AUL/OneAmerica Financial Partners, Inc.
in IN

Senior Plan Administrator
for Mid Size New York City TPA
in NY

RS Education & Enrollment Spec - Mobile, Alabama
for Prudential
in AL

(Click to post your job on EmployeeBenefitsJobs.com | View all jobs | RSS feed for jobs RSS feed of all jobs )


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