[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)
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 Conferences2010 Enrolled Actuaries Meetingin District of Columbia on April 10, 2010 presented by American Academy of Actuaries (Click to post your webcast or conference) Press ReleasesActuaries Urge More Long-Term Planning and Sophisticated Tools to Address Retirement RisksSociety 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)
Newly Posted Employee Benefits JobsProduct Development Manager-Employee/Group Benefitsfor 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 of all jobs )
Fill your employee benefits job openings fast!
Handy Links:
Subscribe to the BenefitsLink Retirement Plans Newsletter, Too! Sign-up form is at https://benefitslink.com/newsletter (free). This email has been published by:
Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Copyright 2009 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: |